Excelera® Specialty Pharmacy Network Welcomes Northwestern Memorial Hospital
One of the nation's premier academic medical centers has joined the Excelera national specialty pharmacy network.
MINNEAPOLIS, May 15, 2015 —ExceleraRx Corp. announced that Northwestern Memorial Hospital, one of the nation’s premier academic medical centers, has joined the Excelera national specialty pharmacy network and national collaborative platform.
The Excelera network consists of point-of-care based specialty pharmacies owned by health systems and academic medical centers. The network provides members nationally scaled infrastructure and support to help them gain access to limited-distribution drugs and restrictive payer agreements so members can 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.
“This collaboration affords members opportunities to tap into best practices that improve the care we extend to some of our most vulnerable patient populations,” said Eric Conley, Vice President, Operations, Northwestern Memorial Hospital. “Upholding the highest standards for quality and safety are central to our mission. And, affiliating with Excelera was in-keeping with our expectations of extending the best care possible to communities we’re privileged to serve.”
“We are very excited that Northwestern Memorial Hospital has chosen to join the Excelera network,” said Jim Fox, Chief Executive Officer of the Excelera network. “This offers a collaborative opportunity to expand outpatient point of care specialty drug therapy to complex patients, increasing quality and value.”
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 organization will partner with Northwestern Memorial Hospital to develop key specialty pharmacy capabilities including training, operations, data aggregation, reporting for drug manufacturers and payers, revenue cycle management and pharmacy business office.
In addition to Northwestern Memorial Hospital, the Excelera organization includes Henry Ford Health System, Catholic Health Initiatives, Fairview Health Services (which includes the University of Minnesota Medical Center), Intermountain Healthcare, Avera Health, Banner Health and Regional Health.
About Northwestern Memorial Hospital
Northwestern Memorial is one of the country’s premier academic medical center hospitals and is the primary teaching hospital of the Northwestern University Feinberg School of Medicine. Along with its Prentice Women’s Hospital and Stone Institute of Psychiatry, the hospital has 1,705 affiliated physicians and 6,769 employees. Northwestern Memorial is recognized for providing exemplary patient care and state-of-the art advancements in the areas of cardiovascular care; women’s health; oncology; neurology and neurosurgery; solid organ and soft tissue transplants and orthopaedics.
Northwestern Memorial has nursing Magnet Status, the nation’s highest recognition for patient care and nursing excellence. Northwestern Memorial ranks 10th in the nation in the U.S. News & World Report 2014-15 Honor Roll of “America’s Best Hospitals.” It is recognized in 14 of 16 clinical specialties rated by U.S. News and is No. 1 in Illinois and Chicago in U.S. News’ 2014-15 state and metro rankings, respectively. For 14 years running, Northwestern Memorial has been rated among the“100 Best Companies for Working Mothers” guide by Working Mother magazine. The hospital is a recipient of the prestigious National Quality Health Care Award and has been chosen by Chicagoans as the Consumer Choice according to the National Research Corporation’s annual survey for 15 consecutive years.
ExceleraRx Corp., a national network of specialty pharmacies based at health systems and academic medical centers, enables 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.