Madison, Conn. (April 8, 2008) — myMatrixx™, (https://myMatrixx.com), a Tampa-based pharmacy benefit management (PBM) firm specializing in pain management and workers’ compensation, has joined other industry leaders in the CompPharma consortium. CompPharma provides a platform for PBMs to explore industry issues, create ways to lower costs, and share the cost of developing solutions for industry-wide challenges.
“Working with other professionals who face the same issues is very helpful,” said Phil Walls, senior vice president of operations for myMatrixx. “The consortium provides the venue for members, such as myMatrixx, to help payers and legislators understand the true cost drivers and the real cost saving opportunities in workers’ comp pharmacy.”
As a member, myMatrixx helps set CompPharma’s research and development priorities. Among CompPharma’s ongoing initiatives are creating innovative ways to capture the early fills of workers’ compensation prescriptions and working with states to ensure that legislators and regulators understand the cost drivers in workers’ compensation pharmacy and how to contain those costs.
In addition, CompPharma and its law firm, Locke Lord Bissell & Liddell, LLP, recently completed a database of the myriad laws and regulations affecting pharmacy in workers compensation. The database covers all 50 states, cites actual statutes, and provides legal commentary on several rulings.
myMatrixx™ is a national pharmacy services company specializing in pain management and recovery. The company operates a network of more than 60,000 retail pharmacies, a mail order pharmacy, a state of the art compounding center and an information-based clinical pharmacy program.
Established by industry consultants Joseph Paduda and Helen Knight, CompPharma is a consortium of workers’ compensation PBMs active in workers compensation. Founding PBM members are Aetna Workers’ Comp Access, Cypress Care, Medical Services Company (MSC), and Progressive Medical Inc. Qualified PBMs can join CompPharma and can receive information by contacting Helen Knight, 813-837-1701 or Helen@KingKnight.com