Pharmacy services giant PharMerica has acquired OnePoint Patient Care (OPPC). OPPC provides medications and pharmacy benefits management services to more than 350 hospices nationwide. Financial terms were undisclosed.
OPPC operates out of 15 locations nationwide. The company offers same-day local dispensing and delivery through owned pharmacies in all 50 states, serving as many as 32,000 patients daily.
“We are thrilled to become part of the PharMerica family,” said Jeffrey S. Hohl, OPPC CEO. “While our PBM platform and clinical tools provide highly valued cost containment solutions for hospices, it is our owned and operated hospice pharmacies that ensure our customers have one accountable pharmacy partner when it comes to patient care and service. Having direct control guarantees the pharmacy stocks the right hospice medications, compounds needed prescriptions, has clinically trained hospice pharmacists performing the dispensing, operates the hours that hospices need, and makes timely deliveries and more.”
Hohl will continue as CEO following the acquisition. OPPC will not rebrand.
Pharmacy benefit managers take on many of the tasks associated with medication management and delivery to help build efficiencies.
Medications are a top expense for hospice providers, who are dependent on capitated per diem payments from Medicare. Hospices can’t increase the amount of their income per patient, so they must rely on creating efficiencies and effective cost management to raise their margins.
In addition to medications themselves, hospices spend time, effort and money on medication management and reconciliation, data analytics regarding medication utilization, documentation required by the U.S. Centers for Medicare & Medicaid Services (CMS), and access to support from clinical pharmacists
“As a leading hospice pharmacy services provider, OnePoint will further enhance the company’s leadership position and market-leading service levels across pharmacy end markets and customer types,” PharMerica President Bob Dries said. “With PharMerica’s national footprint, we will now be able to dramatically accelerate bringing a comprehensive, customizable local hospice pharmacy service model to communities across the country. Both OnePoint and PharMerica share strong values and a focus on people, quality and our customers and patients.”