Anthem’s PBM, IngenioRx, Acquires Pharmacy Startup ZipDrug
Now part of IngenioRx, ZipDrug seamlessly connects patients to the highest quality and lowest cost local pharmacies that deliver directly to patients at home.
IngenioRx, Inc., a wholly owned subsidiary of Anthem, Inc., announced its acquisition of ZipDrug an innovative pharmacy management company focused on improving the quality of pharmacy care.
The acquisition expands upon IngenioRx’s existing capabilities that focus on simplifying care and bringing clarity to costs. ZipDrug’s solutions connect consumers to high-performing pharmacies that have a proven track record of providing impactful clinical care with higher patient adherence rates, and deliver needed medications directly to a patient’s home, ultimately boosting outcomes. “Consumers and plan sponsors are looking for a simplified, more consumer-centric pharmacy experience, and are struggling with rising cost of pharmacy care,” says Deepti Jain, President of IngenioRx.
Anthem will now have access to ZipDrug’s services to facilitate medication delivery and improve adherence. IngenioRx will be able to sell those services to health plans as part of its offering or as a standalone pharmacy service. ZipDrug’s services will be sold to plan sponsors and health plans as both an integrated PBM offering and a standalone pharmacy service offered by IngenioRx.
We are thrilled to join the IngenioRx family and advance our goal to ensure that every American hasStu Libby, CEO, ZipDrug
access to the highest quality, lowest cost pharmacies, which are closer and more accessible than many realize. As consumers and plan sponsors alike are seeking innovative models that simplify pharmacy care, together with IngenioRx, we are excited about the opportunity to reach the front door of many more consumers across the nation.
Anthem launched IngenioRx in mid-2019 as a result of Cigna’s purchase of the insurer’s prior PBM, Express Scripts. The first third-party plan to sign on with IngenioRx was Blue Cross of Idaho. The IngenioRx launch tracks with the broader industry trend of higher vertical integration. CVS Health, for instance, after its purchase of Aetna includes a large national plan, a PBM with broad membership and a massive retail footprint. Cigna’s purchase of Express Scripts brought the country’s largest PBM under the roof of a big national insurer.
The companies did not disclose the terms of the acquisition.
IngenioRx provides pharmacy benefit management services to payers, including affiliates of Anthem, Inc. (ANTM). IngenioRx brings new clarity to the complicated world of pharmacy so members get the benefits they need in a way that’s simple and seamless. IngenioRx will offer a whole health approach that helps drive better outcomes and lowers member, employer and plan costs. IngenioRx will focus on delivering a member centric solution that’s aligned with our clients and transparent in formulary and clinical decision-making. For more about IngenioRx, go to ingenio-rx.com.
Anthem is a leading health benefits company dedicated to improving lives and communities, and making healthcare simpler. Through its affiliated companies, Anthem serves more than 108 million people, including more than 42 million within its family of health plans. We aim to be the most innovative, valuable and inclusive partner. For more information, please visit www.antheminc.com or follow @AnthemInc on Twitter.
- One in eight Americans receives coverage for their medical care through Anthem’s affiliated plans.
- We offer a broad range of medical and specialty products.