Express Scripts Holding Company is a pharmacy benefit management organization.
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20 Facts About Express Scripts
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2.
Express Scripts offers pharmacy benefit management services for workers' compensation insurance programs.
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4.
Express Scripts was purchased by New York Life Insurance Company in 1989 and became a publicly traded company in 1992.
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5.
In 1993, Express Scripts signed on both FHP International and Maxicare Health Care and corporate clients Lockheed, Service Merchandise, and Ingersoll-Rand.
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6.
In 2001, Express Scripts partnered with Merck-Medco and Advance PSC to form RxHub LLC.
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In 2002, Express Scripts, Inc acquired National Prescription Administrators, Inc.
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In October 2007, Express Scripts acquired ConnectYourCare, and now handles FSA, HRA and HSA accounts for companies such as Suntrust, Zions Bancorporation and Allegis.
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9.
In 2017, Express Scripts launched Inside Rx, a partially owned subsidiary that provides discounts on medications for the uninsured and underinsured.
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10.
In July 2017, Express Scripts purchased myMatrixx, a workers' compensation pharmacy benefits company based in Tampa, for $250 million.
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11.
In October 2017, Express Scripts lost its biggest client, Anthem, which said it would not renew the PBM contract in 2019 and would instead use CVS Health.
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12.
Express Scripts announced its acquisition of eviCore in October 2017.
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13.
In December 2018, it was reported that Walmart and Express Scripts extended their network agreement to give Express Scripts' clients access to Walmart's prescription services.
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14.
Express Scripts shares traded at over $64 per share, and its market capitalization was valued at over US$53.
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George Paz, CEO of Express Scripts at the time of the move, was an UMSL graduate.
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The lawsuit further claimed that Express Scripts had overstated the cost benefits of switching to certain preferred medications.
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18.
The suit alleges that Express Scripts had a contract to be the exclusive distributor of Acthar, and therefore benefited from its higher price.
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19.
Express Scripts said in an email to 60 Minutes that there was no conflict of interest.
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20.
Express Scripts is known to reimburse pharmacies below cost for medications and push patients to only use their mail order service.
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