CareMetx Announces Acquisition of Phyz Healthcare Solutions, a Digital Healthcare Company
The acquisition of Phyz Healthcare Solutions offers clients exposure to an expanded network of providers by embedding access to specialty therapies directly into the prescriber workflow.
CareMetx, a leading technology-enabled hub services company improving patient access to specialty medications, announced today it has entered into a definitive agreement to acquire Phyz Healthcare Solutions. The acquisition enables CareMetx to enhance the experience of key stakeholders in the specialty medication supply chain. CareMetx clients, manufacturers of specialty medication, will have access to an expanded network of providers and deeper insights about dispensing patterns. Providers will enjoy a more streamlined process for prescribing specialty therapies, which is increasingly complex, covered by pharmaceutical or medical benefits.
Phyz Healthcare Solutions, a digital healthcare company, provides BioPharma brand intelligent routing solutions. Powered by a proprietary technology platform that partners with prescribers, Phyz ensures patient access, education & adherence for the prescribed therapy. Phyz expedites complex processes with the goal to help providers and BioPharma manufacturers treat, reduce or cure chronic disease. Phyz has managed over 80,000 biologic prescriptions from its Rheumatology and Dermatology physician network across the United States.
CareMetx will leverage Phyz’s non-dispensing pharmacy to support current and future clients with the ability to facilitate enrollments directly into CareMetx hub programs from provider electronic medical records. The combination of CareMetx eServices and Phyz capabilities automates the steps between prescription and dispensing to accelerate patients in enrolling in manufacturer-sponsored programs.
Mark Hansan, President and CEO of CareMetx, said, “With patients at the forefront of our decisions, we continue to expand our offering to remove barriers for patients accessing specialty therapeutics. Using Phyz’s technology and non-dispensing pharmacy will reduce the administrative burden to providers which will ultimately benefit their patients.”
With the close of this transaction, CareMetx will be positioned to continue its growth trajectory. Featuring a platform and technology-enabled virtual call center, CareMetx will enhance existing relationships and attract manufacturers of specialty therapies looking to scale patient support services cost-effectively.
“We couldn’t be more fired up to be joining the CareMetx team. Our patient-centric values are in alignment and together we will continue to accelerate patient access, adherence and affordability through process improvements and technology innovation,” said Brock Rush, CEO of Phyz. Post-acquisition, Mr. Rush will join the CareMetx management team where he will serve as General Manager of Phyz and oversee physician channel, recruiting, and continuity.
CareMetx, LLC is a leading technology-enabled hub services platform facilitating patient access to specialty medications. Serving pharmaceutical, biotechnology and device manufacturers, CareMetx leverages digital eServices integrated in a cohesive platform to promote efficiency in the healthcare ecosystem and remove barriers for patients and providers. CareMetx is committed to delivering compassionate advocacy to patients, decision-making data and confidence-building insight to manufacturer clients. Headquartered in Bethesda, Maryland, CareMetx serves more than 80 brands. Learn more at www.caremetx.com.
Julie Kaplan, Vice President of Marketing