Company Research Report: Liviniti
Company Overview
- Name: Liviniti
- Mission of the Company: Liviniti aims to help employers save on prescription costs while ensuring plan members receive the best care possible, using a completely transparent, pass-through pricing model.
- Founded: 2011
- Original Name: Southern Scripts. The company rebranded to Liviniti to reflect the size and national scope of one of the most trusted PBM partners in the market today.
- Key People:
- LeAnn C. Boyd: Chief Executive Officer
- Mike Stevens: Chief Financial Officer
- Eric Wan: Chief Growth Officer
- Scott Burger: Chief Product Officer
- Steven T. Boyd: Executive Vice President
- Colette Cray: General Counsel & Compliance Officer
- John Pramik: Chief Technology Officer
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue of the Company: No information is available
- What the Company is Known For:
- Liviniti is recognized for its innovative approach to pharmacy benefit management (PBM), focusing on transparency, affordability, quality, and service.
- Known as a pioneer in the PBM industry, Liviniti is celebrated for its pass-through pricing model and its role as a change agent committed to transparency.
Products
- Products Offered:
- Liviniti offers a variety of pharmacy benefit services under a pass-through, transparent pricing model.
- High-Level Description of Products:
- Liviniti provides medication management with no mark-up or hidden fees. Employers are charged exactly what Liviniti pays the pharmacy. All rebates and discounts are passed back to the employer.
- Key Features of Each Product:
- Pass-through Pricing Model: Complete transparency with no hidden costs.
- Clinical Services: Designed to drive savings while ensuring quality care.
- Unique Drug Sourcing Program: Aims to reduce overall pharmacy spend by up to 40%.
- Innovations and New Products: Liviniti continuously develops new products aiming for measurable savings and alignment with the lowest net cost approach for medications.
Recent Developments
- Recent Developments in the Company:
- Rebranding from Southern Scripts to Liviniti to better reflect their mission and reach.
- Continues to be recognized as a leader in PBM reform, focusing on transparency and client-centric practices.
- New Products Launched:
- Launch of Delivery on Demand: A tech-savvy national prescription delivery solution.
- Addition of biosimilar options for Humira® (adalimumab) to its formularies.
- New Features Added to Existing Products:
- Introduction of Noom Weight Management Solution in partnership with Noom's enterprise unit.
- New Partnerships:
- Collaboration with the Mark Cuban Cost Plus Drug Company to expand their pharmacy network.
- Partnership with Mindera Health to improve psoriasis treatment outcomes.
Additional Insights
- Liviniti is a member of the Transparency-Rx coalition, advocating for transparency in the PBM industry.
- The company has been recognized through various industry awards and leadership acknowledgments, exemplifying its ongoing commitment to pioneering change within the PBM sector.
This report provides an extensive overview of Liviniti, highlighting its commitment to transforming the PBM landscape through innovative and transparent approaches. Liviniti’s dedication is reflected in its leadership, services, and industry collaborations, aligning with its mission to provide excellent value and transparency to its clients.
