Catholic Health Initiatives has joined Fairview Health Services and Intermountain Healthcare as investors in Excelera Corp., a national specialty pharmacy network based in Minneapolis. The three health systems all have committed resources, expertise and investment capital to support Excelera’s model of integrated care for patients who require specialty drugs.
Excelera Corp., a network of specialty pharmacies based at health systems and academic medical centers, was formed in May 2012 to enable member organizations to gain access to limited-distribution drugs and provide continuity of care for patients with complex conditions who require specialty drugs.
“This partnership is designed to help us develop a national specialty drug network that is focused on better outcomes for our patients who so desperately need these medications,” said Kevin Lofton, president and chief executive officer of Englewood, Colo.-based CHI, one of the nation’s largest health systems. “The Excelera network gives our doctors access to a comprehensive, integrated network, including limited-distribution drugs, which enables them to manage the full spectrum of patient care.”
Specialty pharmaceuticals are expensive drugs that may require special handing and administration and are often used to treat the most ill and clinically complex patients.
“Excelera supports exceptional treatment for chronic and acute illnesses by improving access to specialty pharmacy services,” said Dan Fromm, senior vice president and chief financial officer at Fairview Health Services in Minneapolis. “By establishing best practice care protocols and by managing specialty pharmaceuticals at the point of care, we believe we can improve patient adherence, more effectively manage the continuum of care and positively impact clinical outcomes and the experience of our patients and caregivers.”
Most health plans now require patients to obtain specialty drugs from an outside specialty pharmacy that has no direct relationship with the patient. The health system does not have control as to when the patient initiates therapy and is not able to manage or monitor it. As a result, health systems and payers may incur higher medical costs, lower patient satisfaction, and suboptimal health outcomes as care plans are not fulfilled as intended.
The Excelera network will negotiate on behalf of its member organizations to remove barriers to specialty drug access and monitoring. Patients and providers of health systems in the Excelera network will benefit by working with a specialty pharmacy that is a member of their care team, can easily access specialty pharmaceuticals, and knows the patient’s care plan.
“Intermountain Healthcare firmly believes that this specialty pharmacy will be a great benefit to its patients,” said Nannette Berensen, assistant vice president of pharmacy services at Intermountain Health in Salt Lake City. “We are pleased to be joining together with other leading institutions to provide this service.”
In addition to the three investor members named here, the Excelera organization also includes Henry Ford Health System, Marshfield Clinic, Avera Health, and Regional Health. The Excelera board of directors consists of Bob Beacher, president, pharmacy and shared clinical services, Fairview Health Services; Nick Barto, senior vice president of capital finance, Catholic Health Initiatives; and Albert R. Zimmerli, executive vice president and chief financial officer, Intermountain Healthcare. For more information about the Excelera organization, visit www.excelerarx.com.
About Catholic Health Initiatives
Catholic Health Initiatives is a national nonprofit health system with headquarters in Englewood, Colo. The faith-based organization operates in 18 states and comprises 87 hospitals, including 24 critical-access facilities and four academic medical teaching centers; two community health-services organizations; two accredited nursing colleges; home health agencies; and long-term care, assisted- and residential-living facilities; CHI is the nation’s third-largest nonprofit health system, with annual operating revenues of $12.6 billion and approximately 90,500 employees. In fiscal year 2013, CHI provided $762 million in charity care and community benefit, including services for the poor, free clinics, education and research.
About Fairview Health Services
Fairview Health Services, headquartered in Minneapolis, is a non-profit, academic health system providing exceptional health care across the entire continuum. In partnership with the University of Minnesota, our 22,000 employees and more than 3,000 credentialed physicians embrace innovation and new thinking to deliver greater value—higher quality, better experience and lower cost.
About Intermountain Healthcare
Intermountain Healthcare is a Utah-based nonprofit system of 22 hospitals, 185 clinics, a Medical Group with more than 1,000 employed physicians, a health plans division called SelectHealth, and other health services. Intermountain is widely recognized as a leader in transforming healthcare through high quality and sustainable costs. For more information about Intermountain, visit www.intermountainhealthcare.org.