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Seeing the future of self-insurance

VativoRx recently participated in the SIIA Future Leaders Forum in April 2022.

The goal of the Forum: Identify both the issues and opportunities for self-insurance in the coming years, and the people who are best-suited to help the industry address those opportunities.

The Forum saluted the people who got the self-insurance industry to its current position while beginning the important conversations around what comes next. 

VativoRx was proud to send one of our best people to the conference: Rosalyn Banks.

As director of PBM Programs & Services at VativoRx, Rosalyn oversees our company operations, the daily operations of staff and supervises all aspects of prescription benefit management (PBM) functions. This includes claims processing, plan management, customer service, client management, consulting resources, Rx audits & fraud/abuse identification and drug utilization review programs.

Rosalyn reports it was energizing to be around so many people in one place that are focused intently on the future.

Unveiling the Future: Navigating the Evolving Landscape of 340B Rebates.

The 340B Drug Pricing Program, established in 1992, has been a crucial component of the healthcare system, dedicated to assisting eligible healthcare organizations in serving vulnerable patient populations by granting them access to discounted drugs. At the heart of this program are the 340B rebates, which enable qualifying entities such as safety-net hospitals, community health centers, and other eligible providers to acquire medications at significantly reduced prices.

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Humira – The End of an Era

In January 2023, the first biosimilar version of Humira, which is a widely used injectable drug for inflammatory diseases, was approved, marking the end of AbbVie’s two-decade market exclusivity. Humira is used to treat conditions like rheumatoid arthritis, psoriatic arthritis, Crohn’s disease, and ulcerative colitis, and it works by targeting certain proteins in the immune system.

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Biosimilars — Similar But Not Identical

You may have never heard of biosimilar drugs and that’s probably because they are not commonly prescribed in the United States even though they have been around for over 20 years. So, what are biosimilar drugs? A biosimilar drug is no different in terms of safety and effectiveness than a biologic product, also known as a reference product, and while highly similar it is not identical.

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