San Diego, CA – Mitchell recently announced that it has acquired the assets of Integrated Prescription Solutions, a pharmacy benefit management (PBM) company for the workers’ compensation industry. The acquisition further strengthens Mitchell’s ScriptAdvisor™ PBM solution, and brings more than 70 new customers to the Company.
Integrated Prescription Solutions’ specialty offerings will be rolled into the ScriptAdvisor offering – Mitchell’s full end-to-end pharmacy benefit management solution offered to insurers, third party administrators, self-insured entities, and state funds. The solution includes customizable first fill programs, integrated out-of-network bill and electronic claims processing, adjudication of prescription drugs, formulary design, clinical management, and mail order pharmacy services. Integrated Prescription Solutions also provides customers with automated prior authorization tools and online portal technology as well as ancillary services, including durable medical equipment.
“We are excited to offer our comprehensive product suite to Integrated Prescription Solutions customers.” said Alex Sun, President and CEO of Mitchell. “Mitchell and Integrated Prescription Solutions customers alike now have access to next level solutions and services that help them drive their business even further.”
The acquisition of Integrated Prescription Solutions is Mitchell’s latest strategic investment in the Company’s growing PBM business aimed at creating better outcomes for customers while building upon existing industry-leading expertise. Integrated Prescription Solutions capabilities support Mitchell’s unique technology and claims expertise, simplifying the claims process while achieving measurably better claims outcomes.
“We are excited about combining our PBM solution with Mitchell’s ScriptAdvisor offering, and their innovative strategy to integrate PBM with its other casualty solutions to improve the total cost of medical care,” said Greg Todd, President and CEO of Integrated Prescription Solutions. “Mitchell shares our customer commitment which enables them to deliver better outcomes through the wide breadth of solutions they offer to the P&C industry.”