PLANO, Texas--(BUSINESS WIRE)-- Pharmaceutical Strategies Group, LLC (PSG), Americas largest independent pharmacy benefits consulting firm, has closed on its acquisition of Artemetrx Health Resources, the company announced today. Terms of the transaction were not disclosed. Artemetrx, whose technology was originally developed at the University of Kentucky, offers data analytic tools and clinical programs that integrate pharmacy, medical, and other healthcare information. PSGs clients have increasingly indicated their desire to have a more comprehensive view of patients clinical profiles in managing the prescription drug benefit. It is increasingly difficult to get a clear picture of why a medication is being used and to capture the total cost of care by just reviewing prescription claims data alone. This need is particularly acute for specialty medications, where 50% or more of the drug spend is not billed as a prescription, but as a medical claim, said Dave Borden, CEO of PSG. Joining PSG will be the senior management team of Artemetrx led by Dr. Brenda Motheral, Artemetrx's President, and Dr. John Langefeld, Chief Medical Officer. Dr. Motheral brings with her more than 15 years of experience in healthcare analytics and clinical program development, both in the pharmacy benefits management (PBM) and disease management … Continue reading
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