Search company, investor...

MedImpact HealthCare Systems

medimpact.com

Founded Year

1989

Stage

Seed | Alive

Total Raised

$1.37M

Last Raised

$1.37M | 10 yrs ago

About MedImpact HealthCare Systems

MedImpact Healthcare Systems is a full-service Pharmacy Benefit Manager (PBM) that derives revenue by managing the drug benefit, not from dispensing drugs. The company uses information technology and human capital to improve the practice of managed care pharmacy. MedImpact partners with the nation's finest health plans, hospitals and employers to provide pharmacy benefit management services to more than 35 million members.

Headquarters Location

10181 Scripps Gateway Court

San Diego, California, 92131,

United States

858-566-2727

Loading...

Loading...

MedImpact HealthCare Systems Patents

MedImpact HealthCare Systems has filed 28 patents.

The 3 most popular patent topics include:

  • pharmaceuticals policy
  • advanced practice registered nursing
  • cloud platforms
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/16/2022

10/17/2023

Regulatory compliance, Healthcare occupations, Advanced practice registered nursing, Nursing credentials and certifications, Insurance

Grant

Application Date

8/16/2022

Grant Date

10/17/2023

Title

Related Topics

Regulatory compliance, Healthcare occupations, Advanced practice registered nursing, Nursing credentials and certifications, Insurance

Status

Grant

Latest MedImpact HealthCare Systems News

United States: Louisiana Insurance Department Fines Express Scripts And Medimpact For Delayed Pharmacy Payments - Polsinelli LLP

Nov 22, 2023

To print this article, all you need is to be registered or login on Mondaq.com. The Louisiana Insurance Department ("Department")recently fined Express Scripts Administrators, LLC("ESA") $275,000 and MedImpact Healthcare Systems, Inc.("MedImpact") $250,000 for allegedly failing to payelectronically adjudicated insurance claims to pharmacies in atimely manner on behalf of the Louisiana Office of Group Benefits("OGB"). OGB provides health and life insurance benefitsto Louisiana-qualified state employees, retirees of participatingLouisiana state agencies, and eligible dependents. ESA andMedImpact are third party administrators ("TPAs")operating as pharmacy benefit managers ("PBMs") forOGB. Per a recent press release issued by the Department, its Officeof Consumer Services investigated ESA and MedImpact after receivingthousands of remittance advices from the Louisiana IndependentPharmacy Association to substantiate complaints from 19 independentpharmacies alleging numerous violations of the Louisiana InsuranceCode. As a result of the Department's investigations, itdetermined that both PBMs failed to ensure electronicallyadjudicated claims were paid within 15 days as required byLouisiana law. The Department's press release also indicated that ESAadmitted to failing to pay 1.3 million electronically adjudicatedclaims within 15 days due to a software issue. ESA has paid $1.5million in interest to the affected pharmacies and also agreed topay a $275,000 fine and to make the necessary changes to itsprocesses and procedures specified in a Consent Order with theDepartment. The Department's press release indicated that 664,770 claimswere paid by MedImpact in excess of 15 days as required byLouisiana law. MedImpact agreed to pay $602,000 in interest to theaffected pharmacies and to pay a $250,000 fine. Commissioner Donelan also announced in the Department'spress release that neither the software issue cited by ESA, nor thestate of emergency declaration cited by MedImpact (related to theCovid-19 pandemic) excused ESA or MedImpact from complying withLouisiana law. The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances. AUTHOR(S)

MedImpact HealthCare Systems Frequently Asked Questions (FAQ)

  • When was MedImpact HealthCare Systems founded?

    MedImpact HealthCare Systems was founded in 1989.

  • Where is MedImpact HealthCare Systems's headquarters?

    MedImpact HealthCare Systems's headquarters is located at 10181 Scripps Gateway Court, San Diego.

  • What is MedImpact HealthCare Systems's latest funding round?

    MedImpact HealthCare Systems's latest funding round is Seed.

  • How much did MedImpact HealthCare Systems raise?

    MedImpact HealthCare Systems raised a total of $1.37M.

  • Who are the investors of MedImpact HealthCare Systems?

    Investors of MedImpact HealthCare Systems include SilverStream Capital.

Loading...

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.