EmpiRx Health, the industry’s only value based PBM, today announced that the company’s president, Danny Sanchez, has been named Chief Executive Officer. As part of a planned transition, Sanchez succeeds Karthik Ganesh who has served as President and then CEO of EmpiRx Health during the past five years.
EmpiRx Health is a category creator, redefining the traditionally volume-oriented healthcare benefits model through its value-based approach. By embracing a practical Population Health Management model that places pharmacists at the center of patient care teams, EmpiRx Health optimizes both patient health and financial outcomes. With total client savings now north of $1 billion dollars, new EmpiRx Health clients see an average of 15% reduction in their per member per month costs (PMPM) and sustained savings year-over-year.
“EmpiRx Health is now the PBM of choice for self-funded plan sponsors looking for a highly differentiated level of care, savings, and service,” said Ganesh. “Despite our incredible growth and business results over the years, we have never lost sight of the fact that we are a healthcare company first. I have immense confidence in Danny’s ability to not just drive exponential growth, but to also stay true to EmpiRx Health’s core mission of improving our corner of healthcare, one patient and one client at time.”
“I truly believe this is an historic moment for EmpiRx Health, especially as traditional PBMs come under increased scrutiny for their fundamentally flawed business approach that prioritizes drug volume to fuel profits,” said Sanchez. “I want to thank Karthik for building this organization into the thriving and formidable industry change-maker that it is today. I have been so impressed with how EmpiRx Health has successfully transformed the PBM industry for the benefit of clients and their employee populations nationwide and as CEO, I am thrilled to further our company mission to revolutionize the healthcare benefits industry.”
Sanchez joined EmpiRx Health in February 2023, bringing more than 20 years of broad-based healthcare industry experience. Prior to joining EmpiRx Health, Sanchez worked for more than 18 years at Omnicell (Nasdaq: OMCL), the global healthcare technology company. Most recently, Sanchez served as senior vice president and general manager of EnlivenHealth®, the Omnicell division that builds industry-leading digital technology solutions for the retail pharmacy industry.
Read the full press release HERE.
