Sanchez, Who Joined EmpiRx Health Earlier this
Year as President, Assumes CEO Role – Reinforces Commitment to
Company's Healthcare Mission
MONTVALE, N.J., June 1, 2023
/PRNewswire/ -- EmpiRx Health, the industry's only value-based PBM,
today announced that the company's president, Danny Sanchez, has been named Chief Executive
Officer. As part of a planned transition, Sanchez succeeds
Karthik Ganesh who has served as
President and then CEO of EmpiRx Health during the past five
years.
Sanchez Assumes CEO Role – Reinforces
Commitment to Company's Healthcare Mission
EmpiRx Health is a category creator, redefining the
traditionally volume-oriented healthcare benefits model through its
value-based approach. By embracing a practical Population Health
Management model that places pharmacists at the center of patient
care teams, EmpiRx Health optimizes both patient health and
financial outcomes. With total client savings now north of
$1 billion dollars, new EmpiRx Health
clients see an average of 15% reduction in their per member per
month costs (PMPM) and sustained savings year-over-year.
"EmpiRx Health is now the PBM of choice for self-funded plan
sponsors looking for a highly differentiated level of care,
savings, and service," said Ganesh. "Despite our incredible growth
and business results over the years, we have never lost sight of
the fact that we are a healthcare company first. I have immense
confidence in Danny's ability to not just drive exponential growth,
but to also stay true to EmpiRx Health's core mission of improving
our corner of healthcare, one patient and one client at time."
"I truly believe this is an historic moment for EmpiRx Health,
especially as traditional PBMs come under increased scrutiny for
their fundamentally flawed business approach that prioritizes drug
volume to fuel profits," said Sanchez. "I want to thank Karthik for
building this organization into the thriving and formidable
industry change-maker that it is today. I have been so
impressed with how EmpiRx Health has successfully transformed the
PBM industry for the benefit of clients and their employee
populations nationwide and as CEO, I am thrilled to further our
company mission to revolutionize the healthcare benefits
industry."
Sanchez joined EmpiRx Health in February
2023, bringing more than 20 years of broad-based healthcare
industry experience. Prior to joining EmpiRx Health, Sanchez worked
for more than 18 years at Omnicell (Nasdaq: OMCL), the global
healthcare technology company. Most recently, Sanchez served as
senior vice president and general manager of
EnlivenHealth®, the Omnicell division that builds
industry-leading digital technology solutions for the retail
pharmacy industry.
About EmpiRx Health
EmpiRx Health is redefining healthcare by proving it is possible to
control drug spend while improving health
outcomes. Driven to fundamentally change the industry,
EmpiRx Health is the most clinically advanced and only value-based
pharmacy benefits manager (PBM). Founded in 2014, the company's
growth is fueled by the highly unique, client-aligned nature
of its value proposition – a pay-for-performance financial model
with guaranteed savings, the industry's
first client-tailored population health management solution,
and an unparalleled high-touch service
experience resulting in industry-best client retention
rates. EmpiRx Health has been recognized as a BenefitsPRO
Luminary, Fortune and Great Place to Work's Best
Workplaces in Health Care, The Best and Brightest
Companies to Work For®, and as an Inc 5000:
Fastest-Growing Private Companies in America for three
consecutive years.
Media Contact:
Heather Tidwell
847.224.6462
htidwell@mww.com
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SOURCE EmpiRx Health