VU renews PBM deal

Vanderbilt University officials recently renewed their pharmacy benefit management contract with Navitus Health Solutions of Wisconsin. The three-year extension, which officially kicked in Jan. 1, covers more than 45,000 members. Navitus says its work at VU has saved the university $12.7 million over the first two years of their deal, in part because it allows Vanderbilt to promote member use of its in-house pharmacies.

“Since the initial contract began in 2010, we have enjoyed cultivating a collaborative partnership with Vanderbilt University,” said Terry Seligman, President & CEO of Navitus. “Navitus’ commitment to full pass-through pricing paired with Vanderbilt’s in-house medical expertise have proven to be a recipe for success, and we look forward to continuing to provide significant savings and quality care for Vanderbilt and its members.”