MHA and Navitus Health Solutions Form a Groundbreaking Partnership
Managed Health Care Associates, Inc. (MHA) has partnered with Navitus Health Solutions to revolutionize the long-term care pharmacy industry. This collaboration is pivotal as it introduces comprehensive new agreements bound to elevate the quality and affordability of pharmacy services within long-term care settings.
Addressing Industry Challenges and Enhancing Care
This new agreement marks the first instance where both an active Commercial contract and a Medicare Part D contract will explicitly safeguard MHA's long-term care pharmacy members. The significant measures outlined in this agreement provide stability against uncertainties stemming from recent legislative actions. MHA's dialogue with Navitus led to setting appropriate dispensing fees for drugs affected by the Drug Price Negotiation Program, thus promoting better financial outcomes for their members.
Focus on Long-Term Care Services
With a sharp focus on the increasing demand for long-term care pharmacy services, particularly for patients in home settings, MHA's innovation arrives at a critical time. The collaboration supports pharmacies by ensuring continuity of services, keeping residents healthier and happier. As indicated by Crystal Riggs, MHA's Vice President of Network Solutions, this agreement is a cornerstone of MHA’s commitment to its members amidst evolving healthcare dynamics.
Innovations that Favor Long-Term Care Pharmacies
Through this partnership, MHA and Navitus are introducing several key initiatives aimed at fostering an environment where pharmacies can thrive.
- Building Sustainable Medicare Part D Contract Structures that are resilient to regulatory changes and market fluctuations.
- Enhancing Access to Robust Retail Networks, thereby opening new frontiers for growth and collaboration.
- Implementing Safeguards for Financial Stability to help pharmacies navigate ongoing legislation like the Inflation Reduction Act.
- Encouraging Patient-Centered Care across diverse settings, especially for patients living at home.
Commitment to Exceptional Patient Care
The essence of MHA's mission is to empower individuals to age gracefully. This collaborative effort not only serves the pharmacies but significantly benefits patients who see marked improvements in their health outcomes through increased medication adherence. The synergy between MHA and Navitus envisions a future where affordable medication is accessible, further aligning with their mutual goals.
About MHA
Managed Health Care Associates, Inc. stands as a pioneer in offering health care services and technology catered to the distinctive needs of alternative site health care providers. Through various solutions ranging from group purchasing to legislative advocacy, MHA enhances operational efficiency and augments business growth while ensuring optimum patient care.
About Navitus Health Solutions
Navitus Health Solutions has reshaped the landscape of pharmacy management by establishing a transparent pharmacy benefit manager designed to redirect 100% of negotiated rebates back to clients. This innovative approach allows for meaningful cost savings, contributing significantly to the affordability of medications for millions. Since its inception, Navitus has continually expanded its services to meet the requirements of diverse healthcare systems.
Frequently Asked Questions
What is the significance of the MHA and Navitus partnership?
The partnership aims to provide long-term care pharmacies with stable contracts and better financial support amidst legislative changes.
How will this agreement affect long-term care pharmacies?
It introduces structures that protect these pharmacies from market volatility and enhances their operational capabilities.
What changes are implemented for Medicare Part D under this agreement?
New appropriate dispensing fees will support better reimbursement for drugs within the Drug Price Negotiation Program.
Whom does MHA serve?
MHA serves diverse sectors, including pharmacies and healthcare providers, focused on enhancing patient care and operational efficiency.
How does Navitus contribute to medication affordability?
By establishing a transparent pharmacy benefit model, Navitus ensures that all negotiated discounts benefit consumers directly, driving down medication costs.
