Evio Pharmacy Solutions, Funded in Part by BCBS Michigan, Partners to Boost Price Transparency

Evio Pharmacy Solutions, an independent company funded by Blue Cross Blue Shield of Michigan, Blue Cross Blue Shield of Massachusetts, Blue Shield of California, Highmark Inc., and Independence Blue Cross, has entered into a multi-year services agreement with Flipt, a health care technology and services company in Jersey City, N.J.
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Health care billing statement with stethoscope, bottle of medicine for doctor's work in medical center stone background.
To increase price transparency, Evio Pharmacy Solutions, funded in part by BCBS Michigan, has partnered with Flipt. // Stock Photo

Evio Pharmacy Solutions, an independent company funded by Blue Cross Blue Shield of Michigan, Blue Cross Blue Shield of Massachusetts, Blue Shield of California, Highmark Inc., and Independence Blue Cross, has entered into a multi-year services agreement with Flipt, a health care technology and services company in Jersey City, N.J.

Flipt’s product and service offerings include proprietary software-as-a-service (SaaS) pharmacy benefit administration tools and full-service pharmacy benefit management services focused on advancing a patient-first, value-based model for pharmacy care.

Through the agreement, Evio will use Flipt’s technology platforms to offer its employer group customers unique and innovative tools that advance price transparency and help members make informed decisions.

“As part of our pursuit to transform the way pharmacy care is delivered and offer new tools for our customers, patients, and providers, we conducted a comprehensive evaluation of the pharmacy benefit platforms available on the market,” says Hank Schlissberg, CEO of Evio.

“The unique, leading-edge patient engagement, plan administration, and medication management capabilities delivered by Flipt’s technology will allow us to get the right data to each stakeholder in the patient journey to seamlessly improve pharmacy care delivery and outcomes. This, along with our shared mission around innovation, transparency, and patient-centricity, made partnering with Flipt an obvious choice.”

Evio is launching a new pharmacy solution that leverages Flipt’s proprietary, cloud-based benefit administration and patient engagement platforms to offer a new approach that eliminates the friction and misaligned incentives often found in the pharmacy benefit services that dominate the market today. Flipt’s technology streamlines access to medication, improves affordability, and empowers patients to take a more active role in their pharmacy care decisions.

“Flipt’s technology platform was purpose-built to eliminate the obstacles created by the current pharmacy benefits system, drive alignment across the entire pharmacy ecosystem, and improve the quality, accessibility, and cost of pharmacy care,” says Aaron Greenblatt, CEO of Flipt.

“I left pharmaceutical manufacturing to launch Flipt when I saw the incredible markups on the medications we were making and the negative impact those inflated costs had on my employees. Evio and Flipt are united in their vision to radically improve pharmacy care, and I’m excited about the opportunity to help Evio positively impact their customers and patients.”