Innovaccer Announces Acquisition of Pharmacy Quality Solutions to Accelerate Value-Based Care in Pharmacy Settings

Today, Innovaccer, a leading healthcare company, has announced the completion of its acquisition of Pharmacy Quality Solutions (PQS), a leader in Pharmacy-Payer performance technology. This strategic move reinforces Innovaccer’s commitment to accelerating value-based care across the healthcare ecosystem and to have the largest distribution of providers and pharmacy network combined. PQS covers 95% of all community pharmacies and 10 of the Top 10 Pharmacy chains by store count including national chains and independent pharmacy groups. In addition, it covers up to 60 million lives, representing 9 out of every 10 Medicare lives and partners with 5 of the Top 6 Medicare Advantage health plans. This marks Innovaccer’s second acquisition in 3 months. “We are excited to work with the PQS team to create an ecosystem approach of accelerating Value-Based Care, with data and AI,” said Abhinav Shashank, Co-Founder and CEO at Innovaccer. “The possibilities that this acquisition brings to Innovaccer and our valued stakeholders pave a new area of growth. The acquisition not only expands our capabilities and expertise in improving patient outcomes, establishing clinical data exchange in payers and now by adding the PQS pharmacy solutions, we have created a connected ecosystem of payer, provider, and pharmacy.” Innovaccer is committed to ensuring a seamless transition for PQS and its employees. PQS will continue to work with its existing organizational structure to ensure business...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Abhinav Shashank Health IT Acquisitions Healthcare M&A Innovaccer Pharmacy Quality Solutions PQS Todd Sega Source Type: blogs