Banner Health Invests in Excelera® Specialty Pharmacy Network
Banner Health, one of the nation's largest nonprofit health care systems, has become an ExceleraRx Corp. stockholder
MINNEAPOLIS, July 06, 2015 — ExceleraRx Corp. announced that Banner Health, one of the nation’s largest nonprofit health care systems, has become an Excelera stockholder. Banner first joined the Excelera network as a health system member in June 2014. With today’s announcement, Banner also becomes an investor in the network.
The Excelera network, owned by a subset of its members, consists of point-of-care based specialty pharmacies owned by health systems and academic medical centers. Excelera provides members tools, best practices and sophisticated data reporting and benchmarking support to grow and enhance their specialty pharmacy capability and to gain access to limited-distribution drugs and restrictive payer agreements.
Specialty pharmaceuticals are expensive drugs that may require special handing and administration and are often used to treat the most ill and clinically complex patients. The Excelera Specialty Pharmacy Network allows its members to provide continuity of care for their patients with complex conditions who require specialty drugs. The network also serves as a national platform for collaboration to optimize outpatient specialty drug therapy value for population health.
“Banner Health exists to make a difference in peoples’ lives through excellent patient care and our partnership with Excelera assists us in providing important continuity of care for our specialty pharmacy patients,” said Pamela Nenaber, Chief Executive Officer, Pharmacy Services, Banner Health. “Excelera’s sharing of tools, data, benchmarking and best practices improves patient outcomes and increases value for the populations we serve.”
“We are very excited that Banner Health chose to invest in the Excelera network,” said Jim Fox, Chief Executive Officer of the Excelera network. “Banner Health is a leading and growing system and its long-term commitment to Excelera adds significant value to the overall network.”
In addition to Banner, the Excelera network includes the following members: Henry Ford Health System, Catholic Health Initiatives, Fairview Health Services (which includes the University of Minnesota Medical Center), Intermountain Healthcare, Avera Health, Northwestern Memorial Hospital and Regional Health.
About Banner Health
Headquartered in Arizona, Banner Health is one of the largest nonprofit health care systems in the country. The system owns and operates 28 acute-care hospitals, Banner Health Network, Banner – University Medicine, Banner Medical Group, long-term care centers, outpatient surgery centers and an array of other services, including family clinics, home care and hospice services, pharmacies and a nursing registry. Banner Health is in seven states: Alaska, Arizona, California, Colorado, Nebraska, Nevada and Wyoming. For more information, visit http://www.BannerHealth.com.
ExceleraRx Corp. supports the Excelera® Specialty Pharmacy Network, a national network of specialty pharmacies based at health systems and academic medical centers, enabling member organizations to gain access to limited distribution drugs and restricted payer agreements. The Excelera network provides national-scale efficiency and collaboration to improve quality and value of outpatient specialty drug therapy for population health outcomes. Excelera’s mission is to “provide tools, technology and best practices around high-performing specialty pharmacy capabilities to network members so that they can provide integrated, coordinated care to complex patients at the point of care leading to improved health outcomes and decreased healthcare costs.” For more information about Excelera, visit http://www.excelerarx.com.