HOUSTON--(BUSINESS WIRE)--PersonalMed, LLC, today announced board member Bill Letendre, MSPharm, MBA, has been named president, effective immediately. As president, Letendre will have responsibility for all of the company's operations. He will report directly to the board.
As PersonalMed continues its growth, Letendre will focus on strategic actions and leverage its bench strength to expand the company’s current portfolio of clients and services. “I am excited and honored to take on this role,” Letendre said. “I look forward to working closely with our talented leadership team and industry partners to deliver value for our pharmacy network members and PBM partners, ultimately expanding patient access to personalized medications while delivering cost savings to payers.”
A 50-year compounding pharmacy industry veteran and a member of the PersonalMed board since 2015, Letendre has served in many leadership capacities, including vice president of Pharmacy Management Services at PCCA, where Letendre provided business coaching to over 200 independent pharmacies in the Compounding Pharmacy Management Services program. Under Letendre’s leadership and coaching, his clients saw solid topline growth and expanded their services to help more patients access compounded medications. Letendre also serves as a board member of the International Academy of Compounding Pharmacists (IACP) and the Accreditation Commission for Health Care (ACHC) that administers the Pharmacy Compounding Accreditation Board (PCAB). Letendre also played an instrumental role in leading the initiatives to form the program that has become PersonalMed.
“I am excited to have Bill take the reins at PersonalMed and carry forward the framework we have built to unite personalized medicine with the third-party world,” said outgoing President Ernie Rapp, who will continue to oversee PCCA Software, Wellness Works and Serica® as well as support PersonalMed.
“Bill has built an impressive track record of strategic and operational accomplishments,” Rapp continued. “He is a successful and proven leader, and brings to this position a strong reputation that will inspire confidence in PersonalMed’s vision of bringing a solid, trusted network of pharmacies to our PBM partners. His wealth of experience will be a valuable asset as we continue to accelerate our efforts to protect and expand patient access to compounded medications by developing a compounding management program for pharmacies and payers that delivers quality without compromise.”
Over the past three years, PersonalMed has provided continuous third-party access, credentialing and audit support for independent compounding pharmacies. PersonalMed also provides clinical and compliance consultation and training for PBM auditors, standards development review, expert statements and more.
PersonalMed, LLC, provides services to third-party payers to manage and process claims for compounded medications through (i) its Preferred Provider Network and (ii) its PAGO platform. The Preferred Provider Network is a high-performance network of compounding pharmacies that agree to comply with strict credentialing standards in addition to holding PCAB Accreditation, a service of the Accreditation Commission for Health Care (ACHC). PersonalMed’s credentialing focuses on accreditation, legal compliance, clinical and quality standards, ownership, training, pricing, contract compliance and business practices. PAGO is a cloud-based billing and claims management platform. For more information, visit PersonalMed’s website at www.personalmedrx.com.