Fierce Healthcare January 24, 2024
Paige Minemyer

Amid an ongoing conversation about pharmacy benefit managers and the role they play in rising drug costs, a Fortune 100 company is making the jump from one of the industry’s biggest players to a startup.

Tyson Foods will be one of the first major companies to drop one of the so-called “big three” of the PBM industry by moving on from its long-term contract with CVS Health’s Caremark to sign on with Rightway, a startup that was founded in 2017.

The new contract went into effect on Jan. 1.

Tyson has about 140,000 employees. In an interview with CNBC, Renu Chhabra, the company’s vice president and head of global benefits, said that it began considering alternative options as it struggled...

Today's Sponsors

Venturous
Got healthcare questions? Just ask Transcarent

Today's Sponsor

Venturous

 
Topics: Employer, Pharma, Pharma / Biotech
Pharmacy Benefit Manager Reform Keeps Getting Scuttled, Despite Bipartisan Support
AI, patient data firms aim to speed up drug development
HHS files brief in 340B rebate model case: 4 takeaways
Latigo raises $150M to get non-opioid pain drugs through key tests
AstraZeneca Aims to Make Cell Therapy More Accessible With $425M EsoBiotec Acquisition

Share This Article