PersonalMed Partners with AmerisourceBergen’s Elevate Provider Network to Assist Compounding Pharmacies

  PersonalMed Partners with AmerisourceBergen’s Elevate Provider Network to
  Assist Compounding Pharmacies

 The program enables credentialed pharmacies to submit claims for compounded
    medications to payors that have adopted credentialing requirements for
                            compounded medications

Business Wire

HOUSTON -- July 19, 2017

PersonalMed, LLC, has entered into a collaborative agreement with
AmerisourceBergen’s pharmacy services administrative organization (PSAO),
Elevate Provider Network, to introduce its pharmacy credentialing program. The
program is available to the more than 4,500 independent pharmacies that
participate in the Good Neighbor Pharmacy and Elevate Provider Network
programs, and is focused on ensuring pharmacists can continue to submit claims
for compounded medications to payors that are increasingly adopting
credentialing and accreditation requirements.

The relationship will encourage Good Neighbor Pharmacy and Elevate Provider
Network members that compound medications to earn the cCert recognition by
completing PersonalMed’s compounding certification program and to take
advantage of its billing and claims-management services. PersonalMed and
AmerisourceBergen will officially launch the credentialing program at
ThoughtSpot, Good Neighbor Pharmacy’s annual conference and trade show held
July 19 - 21, 2017, at Mandalay Bay in Las Vegas.

Third-party payors – such as healthcare plan sponsors and their pharmacy
benefit managers (PBMs) – are increasingly adopting credentialing and
accreditation requirements to ensure that the network of pharmacies filling
compounded medications meets the highest standards of quality, compliance,
accreditation and transparency within their products, pricing and business
practices. The goal is to ensure that Elevate members remain in network for
compounded medications.

“We are excited to assist those Elevate member pharmacies that want to
continue to bill compounded medications to payors,” said Ernie Rapp, president
of PersonalMed. “We have seen an increasing number of payors that require
credentialing for compound medications. cCert can assist Elevate members with
the adherence to best practices and ensure the focus remains on quality and
patient needs.”

“Many patients rely on compounded medications as the best form of therapy. and
the service is an important niche for many independent pharmacies,” added
Chuck Reed, group vice president of pharmacy innovation at AmerisourceBergen.
“Introducing this service reaffirms our commitment to supporting the success
of independent pharmacies by providing new and innovative solutions that help
them accomplish their goals.”

PersonalMed is a leader in providing compounding management solutions and
credentialing services; Elevate is one of the largest PSAOs in the country,
helping independent pharmacies maximize profitability, improve operational
effectiveness and enhance patient care. Elevate Good Neighbor Pharmacy have
more than 4,500 members in its care network, and negotiates contracts with
over 35 pharmacy benefit managers (PBMs) for more than 7,500 plans.

Credentialing through the joint cCert program is available to members of the
Elevate Provider Network and other compounding pharmacies that meet the same
participation requirements. For complete details, email
contactus@personalmedrx.com or call (844) 901-7832.

About PersonalMed

PersonalMed, LLC, provides services to third-party payors to manage and
process claims for compounded medications through (i) its Preferred Provider
Network and (ii) its PAGO platform. The Preferred Provider Network is a
high-performance network of compounding pharmacies that agree to comply with
strict credentialing standards in addition to holding PCAB Accreditation, a
service of the Accreditation Commission for Health Care (ACHC). PersonalMed’s
credentialing focuses on accreditation, legal compliance, clinical and quality
standards, ownership, training, pricing, contract compliance and business
practices. PAGO is a cloud-based billing and claims management platform. For
more information, visit PersonalMed's website at www.personalmedrx.com.

About AmerisourceBergen

AmerisourceBergen provides pharmaceutical products, value-driving services and
business solutions that improve access to care. Tens of thousands of
healthcare providers, veterinary practices and livestock producers trust us as
their partner in the pharmaceutical supply chain. Global pharmaceutical
manufacturers depend on us for services that drive commercial success for
their products. Powered by our 19,000 associates, we are united in our
responsibility to create healthier futures. AmerisourceBergen is ranked #11 on
the Fortune 500, with more than $146 billion in annual revenue. The company is
headquartered in Valley Forge, Pa. and has a presence in 50+ countries. Learn
more at amerisourcebergen.com.

View source version on businesswire.com:
http://www.businesswire.com/news/home/20170719005416/en/

Contact:

PersonalMed
Del Doherty, Pharm.D., Ph.D., MPH, 844-901-7832
Vice President of Managed Care Services
contactus@personalmedrx.com
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