|[June 20, 2014]
PDMI Celebrates 30 Years of PBM Independence
POLAND, Ohio --(Business Wire)--
On April 25, 2014, Pharmacy
Data Management, Inc. (PDMI), a leading provider of pharmacy
benefit solutions, celebrated its 30th anniversary as an
independent claims processor providing a wide array of services to the
pharmacy benefit industry.
Since founding PDMI in 1984 in a room over his family's Youngstown,
Ohio-area pharmacy, Doug Wittenauer, himself a pharmacist, has grown the
privately-held company into the tenth-largest U.S. PBM based on revenue
from unbundled services, according to Business Insurance magazine's
2011 "Data Snapshot."
"More important than our size, though, is what our independence means to
our clients," said Wittenauer. "We don't have shareholders, so our
primary concern is exceeding the expectations of our clients and their
members. We also have zero financial interest in drug manufacturing or
distribution, which assures our clients that they're receiving
completely unbiased advice and services. And we've been around for 30
years-today, that kind of stability is hard to find in this industry.
We're proud of that."
What began as a 'behind the scenes' claims processing and adjudication
service has expanded to include consultative, pharmacy network and
ancillary services, all designed to simplify the management of the full
spectrum of pharmacy benefits programs, including complex government
pharmacy programs like Medicare and 340B (a program to provide
lower-cost medications to at-risk populations).
"PDMI is unique in our approach; we concentrate entirely on our clients'
objectives, create custom solutions for achieving them and have a
relentless focus on client service," said Karen Cessna, PDMI Director of
Sales. "Being independent makes all that easier. It allows us to
accommodate our clients in ways other large, monolithic PBMs just can't
because of their bureaucracy or shareholder concerns."
Pharmacy Data Management, Inc. (PDMI), founded in Poland, Ohio, in 1984,
provides technology and other solutions for managing health through
prescription drug programs for national and regional health plans,
hospice organizations, 340B and drug manufacturer assistance programs
and other health care-related industries.
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