MADISON, Wis.--(BUSINESS WIRE)--Navitus Health Solutions announced today the retirement of its long-time President and CEO, Terry Seligman, R.Ph., effective this week. Initially he planned to retire at the end of the year; however health issues have accelerated his retirement plans. Parent company SSM Health has appointed David Fields, President of Dean Health Plan, to serve as interim President and CEO of Navitus while a national search is conducted for Seligman’s successor.
“Terry’s unwavering commitment to transparency, stewardship, and performance have positioned Navitus as an industry leader among pharmacy benefit managers (PBMs),” said Fields.
Seligman served as President and CEO for the past 12 years of the company’s 16-year history. Under his leadership, Navitus has flourished growing from a PBM with 80 employees, 20 clients and 500,000 members to an industry leader with 850 employees, serving over 600 clients and 6 million members. He also brought innovation to a new space, expanding the pass-through business model into specialty pharmacy with the launch of Lumicera Health Services.
Prior to joining Navitus, Seligman held a variety of senior leadership roles in managed care, provider systems, health insurance, retail, mail service, pharmacy benefit management and consulting with nationally-recognized organizations.
“Terry is leaving behind a strong legacy,” Fields said. “His vision, leadership, drive and ability to build an amazing team have paved the way for the continued success of both Navitus and Lumicera.”
Navitus Health Solutions, a division of SSM Health, serves as a full pass through pharmacy benefit manager (PBM) and industry alternative to traditional models. As such, Navitus is committed to taking the unnecessary costs out of pharmacy benefits to make prescriptions more affordable for plan sponsors (i.e. employers, health plans, unions, governments, etc.) and their members. By combining a unique pass through approach that returns 100% of rebates with a focus on lowest-net-cost medications and comprehensive clinical care programs, Navitus helps reduce costs and improve member health. To learn more about Navitus, call 877.571.7500 or visit www.navitus.com.