Ventiv Health's The Franklin Group Unit Wins Contract To Provide Medicare Part D Education Service To Top 10 Pharmaceutical Manufacturer
Posted on: Thursday, 25 August 2005, 15:01 CDT
SOMERSET, N.J., Aug. 25 /PRNewswire-FirstCall/ -- Ventiv Health, Inc. announced today that The Franklin Group (TFG) was awarded a contract to provide one of the country's largest pharmaceutical manufacturers with Medicare Part D educational and enrollment services. This new service recently launched by The Franklin Group was designed to help eligible patients in the client's patient assistance program transition to Medicare's soon-to- be-launched prescription drug benefit initiative that goes into effect in January 2006.
While numerous drug makers have established their own patient assistance programs for the poor, Medicare Part D will impact how these charitable programs operate and how the government regulates them. Seniors who are eligible for Medicare Part D will also need guidance about how best to access medicines under the new structure.
Under Franklin Group's Medicare Educational Services Program, pharmaceutical clients can build awareness and provide unbiased education on Medicare Part D to eligible patients about how to qualify for and access prescription medicine. The Franklin Group provides these services through various venues including direct mail programs or call centers with live, trained customer service administrators. The new Franklin Group program complements an existing service program from Ventiv's The Therapeutics Institute on Medicare Reimbursement Strategy, led by Vice President and Managing Director, Joy Morrell.
In conjunction with the launch of the new program, The Franklin Group has named John Doster Vice President, Marketing and Business Development of Patient Assistance Programs to lead the launch of the Medicare Part D initiative. John is also responsible for raising awareness and education of The Franklin Group's Patient Assistance and Reimbursement programs among pharmaceutical companies. He joined Ventiv from Sanofi-Aventis Pharmaceuticals SA where he held various senior management sales and marketing positions.
Bill Shearer, Executive VP and COO, Ventiv Pharma Services, said, "The pace at which we are introducing new services to clients is reflective of the pace of change taking place in the pharmaceutical industry today. Medicare Part D is a complex regulation that all drug manufacturers will need to comply with. Because of the intricacies of establishing, monitoring and administering patient assistance programs under certain regulatory guidelines, Medicare Part D has been a growing area concern for our clients. We are pleased that our team of experts can provide an additional service to clients and their patients who need to obtain prescription medication under this new program."
About The Franklin Group
The Franklin Group, a division of Ventiv Health, is a pharmaceutical- specific consulting firm nationally recognized for its content and process expertise in the areas of regulatory compliance specific to sample accountability, the design and management of Patient Assistance Programs, and OIG consultative services to help you meet federal, state, and industry standards. For more information, visit http://www.franklinpharmaservices.com/.
About Ventiv Health
Ventiv Health, Inc. is the leading provider of late-stage clinical, sales, marketing and compliance solutions to pharmaceutical and biotech companies. Ventiv is a multi-disciplinary company with a singular focus on providing excellence in customized solutions across the full spectrum of services combining both integrated and independent programs. Ventiv's approximately 4,000 employees support over 75 client organizations, including the world's Top 20 pharmaceuticals companies as well as emerging and specialty biotech leaders. For more information on Ventiv Health, visit http://www.ventiv.com/.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause Ventiv Health's performance to differ materially. Such risks include, without limitation: changes in trends in the pharmaceutical industry or in pharmaceutical outsourcing; our ability to compete successfully with other services in the market; our ability to maintain large client contracts or to enter into new contracts; uncertainties related to future incentive payments; and, our ability to operate successfully in new lines of business. Readers of this press release are referred to documents filed by Ventiv Health, Inc. with the Securities and Exchange Commission for further discussion of these and other factors.
Ventiv Health, Inc.
CONTACT: Investors: John Emery, CFO of Ventiv Health, Inc.,+1-732-537-4804, investor@ventiv.com; or Media: Felicia Vonella,+1-212-867-1762, fvonella@lazarpartners.com, or Kellie Walsh, +1-646-871-8480,kwalsh@lazarpartners.com, both of Lazar Partners Ltd.
Web site: http://www.ventiv.com/http://www.franklinpharmaservices.com/
Source: PRNewswire-FirstCall
Related Articles
- TRICAST, Inc. and Gorman Health Group Form Partnership to Fully Support Medicare Part D Oversight
- Statement From Pew Health & Human Services Policy Program on the Introduction of the Delauro Food Safety Modernization Act
- AIM Health Group Inc. and Med-Emerg International Inc. Announce Completion of Previously Disclosed Merger Transaction
- Workway Nursing's Los Angeles Division Awarded Prestigious Joint Commission Health Care Staffing Services Gold Seal of Approval(TM) Certification
- Presbyterian Hospital of Dallas Taps Aegis Health Group to Tie Hospital Programs With Local Employee Health Risks
- Genzyme Corporation Selects Diplomat Specialty Pharmacy for 2008 Renagel Medicare Part D Assistance Program
- Health Net Federal Services Partners With Government to Provide Enhanced Care for Disease Management Program
- Clinical One is Awarded Company-Wide JCAHO Health Care Staffing Services Certification
- Joint Commission Awards Health Care Staffing Services Certification to Medical Staffing Network
- Informed Decisions Launches Program to Assist Beneficiaries With Transition to Medicare Part D
 |
 |
User Comments (0)
RSS Feeds