October 2, 2019
Over the years we have worked to simplify the complex process of maintaining 340B program compliance resulting in critical cost savings for our customers. As such, it gives me great pleasure to announce the acquisition of Verity Solutions by Express Scripts, a Cigna company.
Express Scripts and Verity Solutions are industry leaders that share a common mission of improving the health care system and supporting health care providers through innovation, specialized expertise and strong industry partnerships. Together, Express Scripts and Verity Solutions will offer a comprehensive range of 340B services. This includes 340B administration services from Verity Solutions and contract pharmacy services, including drug replenishment, dispensing and inventory services, from Express Scripts, Accredo and Freedom Fertility Pharmacy.
Express Scripts is committed to retaining the leadership, culture and talent that drives Verity Solutions’ success. I will continue to lead the Verity Solutions team and Verity will operate as a stand-alone company under the Express Scripts umbrella, expanding the range of health services and improving our ability to help integrated health systems, hospitals and centers of care throughout the U.S. serve vulnerable patient populations.
Express Scripts will continue to move towards centralized inventory management for contract pharmacy relationships using Verity Solutions VHUBTM platform and will support Verity Solutions’ continued business growth and current strategy in 340B administration. Clients of each company will continue to work through existing service models and relationships, and under existing contracts. Express Scripts’ covered entity clients may continue to use the 340B administrator of their choice. Data will not be shared between Express Scripts and Verity Solutions. However, in limited circumstances for hospital system clients of Express Scripts that also use Verity Solutions as their 340B administrator and allow data to be exchanged, there will be an opportunity for improved and expanded reporting.
Verity Solutions remains committed to working with a wide range of integrated healthcare systems, acute-care hospitals, community health centers, federally-qualified health centers, pharmacies, and other 340B-eligible covered entities, offering our partners the leading solutions and services they’ve come to rely on.
For any questions you may have about the Verity Solutions acquisition, please send an email to FAQs@verity340B.com.
CEO, Verity Solutions