Tyson Foods (TSN) has announced that it will be dropping CVS' Caremark (CVS) as its pharmacy benefits manager and will be switching to Rightway. This is the second Fortune 100 company to drop CVS in the last year. Could shifts like these open up opportunities for smaller pharmacy benefit management companies? Jordan Feldman, Rightway CEO joins Yahoo Finance Live to discuss what makes the company stand out—and what the benefits landscape could look like soon. Feldman believes that what differentiates Rightway from traditional pharmacy benefit manager is its model. Feldman calls the traditional model a “taxi meter approach," with companies benefiting from members spending more on drugs, rather than focusing on customer experience. Feldman highlights Rightway's “pharmacist in the family approach,” that, according to Feldman, allows for greater customer assistance that ideally would ultimately allow members to make the right decision for their needs. “The pharmacy benefits space is at an inflection point,” insists Feldman, who sees sustainability only being possible if members are at the center. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Tyson Foods (TSN) has announced that it will be dropping CVS' Caremark (CVS) as its pharmacy benefits manager and will be switching to Rightway. This is the second Fortune 100 company to drop CVS in the last year. Could shifts like these open up opportunities for smaller pharmacy benefit management companies? Jordan Feldman, Rightway CEO joins Yahoo Finance Live to discuss what makes the company stand out—and what the benefits landscape could look like soon.
Feldman believes that what differentiates Rightway from traditional pharmacy benefit manager is its model. Feldman calls the traditional model a “taxi meter approach," with companies benefiting from members spending more on drugs, rather than focusing on customer experience. Feldman highlights Rightway's “pharmacist in the family approach,” that, according to Feldman, allows for greater customer assistance that ideally would ultimately allow members to make the right decision for their needs. “The pharmacy benefits space is at an inflection point,” insists Feldman, who sees sustainability only being possible if members are at the center.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim
Nick Khan, WWE President, talks about Netflix buying the exclusive rights to "Raw" and other programming for $5 billion. He says the agreement will let the WWE gain a more global audience and is a "good bet" for both companies. He speaks on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
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