Express Scripts spins off Rx Outreach as a nonprofit
ST. LOUIS A pharmacy benefit manager is gearing up to create a new independent, nonprofit charitable organization to improve access to prescription medicines for low-income, uninsured Americans and working families.
Express Scripts said Tuesday it will restructure Rx Outreach into a nonprofit organization, which will then partner with healthcare professionals and other entities committed to assisting Americans who are unable to obtain prescription drugs. In addition, the opportunity to develop expanded partnerships with branded and generic pharmaceutical manufacturers, community health centers, rural and frontier clinics, and faith-based charities will allow Rx Outreach the potential to offer a broader level of service.
Express Scripts chairman and CEO, George Paz, said he is confident the new venture "will play a new and expanding role in providing these benefits."
The organization will be located in St. Louis and led by Michael Holmes, EVP of Express Scripts. Holmes will remain with Express Scripts until a replacement is identified, at which time he will lead the new venture. "While I am sorry to be leaving Express Scripts, this is a tremendous opportunity to make a sustainable difference on the healthcare landscape," stated Holmes. "I applaud Express Scripts for its creativity and vision, and personally am thrilled to lead such a noble effort."