BERWYN, Pa.--(BUSINESS WIRE)--AscellaHealth, a specialty pharmacy benefit manager (SPBM), serving commercial, Medicare and Medicaid segments, was ranked 14th on the Philadelphia Business Journal’s 2019 “Soaring 76” list of fastest-growing companies in greater Philadelphia region as measured by revenue over a three-year period from 2016 through 2018. AscellaHealth is the only specialty pharmacy benefit manager on the list.
“Making the ‘Soaring 76’ list is an outstanding achievement for our team and a testament to our loyal client base,” says Dea Belazi, president and CEO, AscellaHealth. “Our success stems directly from the relevant and timely value we provide to our clients. As an innovative specialty pharmacy benefit manager, our high-touch model includes clinical interventions, adherence counseling, psychosocial assessment, integrated nursing staff, refill reminders and delivery coordination as part of AscellaHealth’s competitive, value-based strategies.”
Every year, the Philadelphia Business Journal ranks the fastest-growing companies in the area based on Securities and Exchange Commission filings and honored at an awards event where the ranking of each company is revealed.
Specifically, the rankings come from averaging the percent change in revenue from 2016 to 2017 and the percent change from 2017 to 2018. Companies must be headquartered in Greater Philadelphia, have no parent company and have generated at least $750,000 in revenue in 2016 and at least $2 million in 2018 to qualify. In addition, the newspaper’s accounting firm partner CliftonLarsonAllen vetted and verified the final results.
Belazi adds, “AscellaHealth employees, clients and the people they serve have been incredibly supportive of our strategy and have directly impacted and supported our growth. The payer community has embraced our high-quality prescription drug benefit management and other customizable services as an opportunity to overcome the challenges of complex illness among plan members."
AscellaHealth, a specialty pharmacy benefit manager (SPBM), serving commercial, Medicare and Medicaid segments, offers high quality prescription drug benefit management services. Complemented by other customizable services, such as carved-out specialty pharmacy services and cost-savings programs, AscellaHealth provides a unique, proprietary service portfolio. Visit www.ascellahealth.com.