Fierce Health Technology June 22, 2021
Five Blues plans are teaming up to invest in a new pharmacy solutions venture called Evio.
Blue Cross Blue Shield of Massachusetts, Blue Cross Blue Shield of Michigan, Blue Shield of California, Highmark Health and Independence Blue Cross are backing Evio, according to an announcement released Tuesday.
The new company aims to establish outcomes-based arrangements with drugmakers, especially for high-cost therapies. In addition, Evio aims to collect and provide real-world evidence for medications to ensure the right product is getting to the right patient.
Evio will initially focus on providing these services to five founding health plans, according to the announcement. The plans collectively cover more than 20 million members nationwide.
“Evio has a real opportunity to change the trajectory...
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