CarepathRx Health System Solutions (CHSS), a CarepathRx company and portfolio company of Nautic Partners and Evernorth Health Services, a subsidiary of The Cigna Group announced a new strategic partnership and investment by Evernorth in CHSS.
The strategic partnership brings together Evernorth’s diverse specialty and care expertise with CHSS’ robust pharmacy and infusion management capabilities, technology solutions, and health system relationships to improve, expand, and accelerate pharmacy care delivery for the growing number of patients with chronic and complex care needs.
The CHSS and Evernorth partnership will deliver integrated specialty pharmacy care to CHSS’ growing base of 600-plus hospitals, health systems, and physicians – helping diversify the services they offer to best support patients. This includes enhanced coordinated infusion services, virtual care capabilities, value-based care arrangements, and site of care flexibility.
Evernorth’s expansive suite of services, including Accredo’s specialty care and pharmacy expertise and CuraScript SD’s specialty medication distribution across 12,000 physicians, is highly complementary to CHSS’ capabilities that help health systems expand in-house specialty pharmacies, infusion and polypharmacy services.
Evernorth’s significant minority investment in CHSS is expected to close in late Q2 or early Q3 of 2023. After close, the CHSS management team will continue to lead the business and, together with Nautic, will retain majority ownership.
CarepathRx most recently announced a new partnership with Infirmary Health, the largest not-for-profit, non-governmental healthcare provider in Alabama, to provide comprehensive home infusion services to the communities they serve.
CarepathRx also recently announced a new specialty pharmacy and home infusion partnership with Jackson Hospital and Clinic in Montgomery, Ala. As part of this dual-services agreement, CarepathRx will partner with Jackson Hospital to build and execute a specialty pharmacy program and a comprehensive home infusion program to serve the hospital’s growing patient population.
CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality and financial results.
CarepathRx provides the industry’s most comprehensive hospital pharmacy care delivery model, providing support across the patient’s complete healthcare journey—across multiple care settings, from hospital to home, no matter the patient acuity level.
Today, CarepathRx serves more than 25 health systems and 600 hospitals, with more than 1,500 employees nationwide.
Takeaway: Integrated specialty pharmacy care in hospitals and health systems continues to be a focal point and source of revenue growth