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March 17, 2020

More Efficiency. More Service. More Value. Elixir is Coming.

MedTrakRx and Other EnvisionRxOptions' Businesses to Integrate as Elixir


Founded on Doing Things Differently

Elixir_V2_gif_alphaMedTrakRx was founded 20 years ago with the goal of being a visibly different pharmacy benefit management (PBM) company, offering better customer service and managing our clients’ prescription benefit costs better than anyone in the industry. Since merging with EnvisionRxOptions in 2014, we have continued to build on our services, bringing together our PBM and hospice PBM services with all that Envision has to offer. Collectively, our mix of products includes our own technology solutions, mail order pharmacy services, an accredited specialty pharmacy, prescription discount programs, hospice PBM services, and a national Medicare Part D insurance plan for individuals and groups.

The EnvisionRxOptions of today is part of the Rite Aid family of businesses, who also recently announced a brand and retail pharmacy refresh. As the only payer-agnostic, national PBM with a retail footprint, we have the ability to optimize the full pharmacy care experience. Having grown into far more than just a PBM, thousands of payers and millions of patients across the nation rely on us for their medication needs at a price everyone can better afford.

The Alternative the Market Needs

Amid consolidation and rising drug costs, the time is right for a fresh approach to pharmacy benefits. EnvisionRxOptions, soon to be Elixir, is at a natural point in our evolution where truly integrating will allow us to bring to market the best we have to offer, from across our entire company, in a more efficient way. With the scale and experience to provide real value and a history of transparency that builds trust, Elixir is the alternative the market is looking for in pharmacy benefits and services.

Through genuine partnership and intentionally designed operational flexibility, we craft solutions that meet the unique needs of our clients and strategic partners. Whether an employer group who leans heavily on our expertise or a regional health plan looking to grow and gain more control over their pharmacy program, we provide the right mix of products and services. By leveraging the connectivity across our businesses and significantly investing in our already industry-leading technology platform, Elixir will continue to enhance our service experience for members and clients.

Anything Worth Doing…

While we are excited about our rebranding and integration efforts, an implementation done right takes time. Over the next several months, as the brands you know begin to transfer to the Elixir name, you will see both names in market. Rest assured, we will keep you informed and you will continue to receive the same great service you have come to expect, from all of our businesses—EnvisionRx, MedTrakRx, HospiceRx, EnvisionPharmacies, LakerSoftware, EnvisionInsurance, EnvisionSavings and EnvisionFertility.

Elixir is more than a PBM, more than a pharmacy and more than a Medicare Part D plan. We are the cure for the challenges facing the pharmacy benefits and services industry.

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