by Five Rivers Rx | Mar 16, 2017 | Optum Rx, VAWD
In correspondence with Five Rivers RX, OptumRX stated that they will not allow any further extensions to both companies seeking an extension for the first time and companies looking for re-extension. Their full communication sent 8:29 AM EST on 3/16/17 read as...
by Five Rivers Rx | Feb 16, 2017 | Optum Rx, VAWD
A Florida pharmacy disclosed to the Five Rivers team on February 15, 2017 that OptumRX is now enforcing its sourcing policy. Although the requirement has been in place since October 1, 2016, it was questionable whether or not Optum would ever enforce the new policy....
by Five Rivers Rx | Nov 30, 2016 | Optum Rx, VAWD
This blog post focuses on the financials behind the VAWD Program. Five Rivers estimates that the VAWD Program has generated $5.79 million since July 2016. The windfall can largely be attributed to the recent OptumRX policy change which resulted in a tremendous...
by Five Rivers Rx | Oct 11, 2016 | Optum Rx, VAWD
It seems as if OptumRX’s reimbursement policy change is here to stay. Now, with the new VDIP Accreditation released September 23, 2016 the NABP is coming after diabetic testing supply distributors. The diabetic testing supply (DTS) “Gray-Market” was first...
by Five Rivers Rx | Aug 22, 2016 | Optum Rx, VAWD
The VAWD requirement will push many pharmaceutical distributors out of the supply chain. Are OptumRx’s objectives worth the consequences? Some of the immediate issues that will arise are discussed below: Drug Shortages Will non-VAWD-accredited distributors have...
by Five Rivers Rx | Aug 15, 2016 | Optum Rx, VAWD
MIAMI, FL – 08/15/2016 (PRESS RELEASE JET) — In a letter dated August 11, 2016, OptumRX announced that it will require provider pharmacies to limit their purchasing to suppliers who have the private VAWD Accreditation, starting October 1, 2016. After years of...
