Centene Rolls Out RxAdvance’s Transformative Pharmacy Benefit Model in Mississippi

ST. LOUIS, Dec. 18, 2018 — Centene Corporation (NYSE: CNC) today announced that its Mississippi subsidiary, Magnolia Health, completed the implementation of a transformative pharmacy benefit management model using RxAdvance’s Collaborative PBM Cloud™ platform, covering 240,000 Mississippi Medicaid members. This partnership will reduce administrative costs and has the potential to improve health outcomes and reduce avoidable medical costs.

In March 2018, Centene announced a strategic partnership with RxAdvance to create its next generation pharmacy management solution. Magnolia Health is the first of Centene’s health plans to implement this new model.

“Centene is committed to supporting a transparent Pharmacy Benefit Management model that is sustainable with higher quality care for members at a lower cost to our states,” said Michael F. Neidorff, Chairman and CEO of Centene. “The combination of the clinical competencies from our Envolve Pharmacy Solutions business, RxAdvance’s innovative platform and a new business model focused on transparency will be a game changer for the industry.”

“RxAdvance looks forward to creating an industry standard of excellence and leveling the PBM playing field through its innovative platform-driven PBM solution,” said Ravi Ika, President & CEO of RxAdvance.

RxAdvance is now nirvanaHealth.

Since 2013, the RxAdvance team has been dedicated to disrupting the healthcare industry, specifically in pharmacy benefit management. After 3 years of development, we went live with our first client in 2016 and delivered groundbreaking pharmacy benefit management services. Now that we have proven success year-after-year, we have decided to expand our impact beyond just the PBM industry—onto the payer industry. These two industries alone control the majority of the healthcare spend in the United States, including the $900+ billion of waste generated annually. With our expansion into a new portion of the industry, we have outgrown the RxAdvance name, since it does not accurately capture the scope of our healthcare reach and mission. We are excited to announce our new name and brand—nirvanaHealth. The RxAdvance name has served us well for many years and will continue to do so under nirvanaHealth.