NEW YORK--(BUSINESS WIRE)--Cosentino’s Food Stores, a family-owned supermarket chain that operates 27 locations in the Kansas City area, has selected Innovatix, the nation's largest group purchasing organization (GPO) serving the non-acute care marketplace, as its exclusive provider of specialty pharmacy management services.
“Innovatix is uniquely poised in the specialty pharmacy industry to address the needs of businesses such as Cosentino’s with our breadth and depth of experience in specialty pharmacy operations, clinical education and support services, data management, talent acquisition and training, and payer and manufacturer relations,” said Innovatix President and CEO John P. Sganga. “We are pleased to welcome Cosentino’s to the Innovatix family and look forward to playing a role in the company’s ongoing success.”
Innovatix’s Specialty Pharmacy Management program, through its outsourced suppliers, offers retail pharmacies a range of personalized solutions to seamlessly expand into the specialty market. Under the three-year exclusive agreement, Cosentino’s will receive access to essential back-office service solutions, including private label dispensing operations, clinical and disease-state management programs, reimbursement support services, and data management. Cosentino’s will also receive access to a host of educational resources, such as Innovatix’s Specialty Pharmacy Training Program and Institute of Specialty Pharmacy.
“Specialty Pharmacy accounted for over 20% of total prescription drug expenditures in 2012 and is estimated to approach 50% of overall drug spend by 2020.” said Frank Wolff, Director of Pharmacy at Cosentino’s Food Stores. “Our partnership with Innovatix will ensure our customers have access to these specialty medications through our retail pharmacies.”
Cosentino’s Food Stores: The Cosentino family opened its first store in 1948 on Blue Ridge Boulevard in Kansas City. They do business as a family-owned company, investing in their local community and aspiring to provide excellent customer service in an exceptionally clean shopping environment. Cosentino’s Food Stores currently operates 27 stores in the Kansas City area under the Price Chopper, Sun Fresh, Apple Market, and Cosentino’s Market banners.
About Innovatix: Innovatix is a full-service group purchasing organization serving over 22,000 non-acute care facilities throughout the United States, including long-term care, retail and mail-order, specialty, and infusion pharmacies, as well as nursing homes and assisted living facilities. Innovatix is a joint venture between a subsidiary of GNYHA Ventures, Inc. and a subsidiary of Premier, Inc., Innovatix is dedicated to maintaining and growing a contract portfolio that supports its members’ goal to reduce expenses while enhancing the quality of services and care provided.