SPS Health provides value-based care solutions for post-acute pharmacies and pharmacy benefit managers through technology-enabled services such as formulary management and benefit administration. The company addresses inefficiencies in medication management and care delivery, enabling healthcare providers to deliver clinically sound and cost-effective care.
Funding
Funding not disclosed
Founders
Product
Problem
Post-acute care pharmacies and pharmacy benefit managers (PBMs) face challenges in managing formularies, administering benefits, and ensuring cost-effective medication management for patients with complex needs. Inefficiencies in these areas can lead to increased costs, medication errors, and suboptimal patient outcomes.
Solution
SPS Health provides technology-enabled, value-based care solutions designed to optimize medication management and benefit administration within the post-acute care ecosystem. The company offers a suite of services, including formulary management, on-demand pharmacy solutions, medical rebates, and benefit administration, all integrated with flexible technology. By combining deep expertise in post-acute services and pharmacy benefit management with innovative technology, SPS Health helps pharmacies, healthcare providers, payers, and PBMs deliver clinically sound and cost-effective care. Their solutions are designed to integrate into existing operations, allowing clients to focus on patient care while SPS Health addresses the complexities of medication management.
Target Audience
SPS Health primarily serves post-acute care pharmacies, pharmacy benefit managers (PBMs), healthcare providers, and payers operating in the acute and post-acute care marketplace.
Features
- Formulary management services to optimize medication selection and reduce costs.
- On-demand pharmacy solutions for timely medication access.
- Medical rebate programs to maximize savings.
- Benefit administration services to streamline processes and ensure compliance.
- Flexible technology solutions that integrate into existing workflows.