WellPoint Inc. recently announced the selection of Indiana for the company’s new specialty pharmacy operation, PrecisionRx Specialty Solutions (PRxSS), which will be located at the Indianapolis International Airport. Additionally, WellPoint is continuing to expand its Medicaid services operations in Indiana to provide health care benefits to enrollees in the state managed care program.
In total, WellPoint will create 1,200 new positions in Indiana over the next five years as a result of these initiatives.
PrecisionRx Specialty solutions is a rapidly expanding full-service specialty pharmacy unit created to coordinate care and distribute specialty drugs, such as therapies for hepatitis C, rheumatoid arthritis, multiple sclerosis, hemophilia, infertility, respiratory syncytial virus prevention, psoriasis and transplants. The company does this in collaboration with physicians, pharmacists and patients to more effectively manage the patient’s medication and condition.
“WellPoint today is delivering more benefits to its members than ever before while helping to increase access to care and hold down the rising costs of health care. The expansion of both our specialty pharmacy business and managed care Medicaid services will further those efforts,” said Larry C. Glasscock, chairman, president and chief executive officer of WellPoint, Inc. “A core focus for WellPoint is to find real solutions to the most complex health care issues facing our country today and to truly transform health care for the better.”
Indianapolis was chosen from among several possible locations in competing states.
The Indiana Economic Development Corp. will provide a $5 million forgivable loan in return for the company’s commitment to invest approximately $12 million in capital while creating 1200 new jobs. The IEDC will also offer up to $3 million in Economic Development for a Growing Economy (EDGE) tax credits.
WellPoint’s corporate expansion will create 900 jobs in Indiana to support the company’s growing specialty pharmacy business and will create approximately 300 new jobs to support WellPoint’s expanded Medicaid operations. The jobs will include a range of administrative, business and professional positions including: registered pharmacists, pharmacy technicians, registered nurses, call center representatives, business analysts and data analysts.
The operations for PrecisionRx Specialty Solutions will be located at the Indianapolis International Airport in an office and distribution complex. A total of approximately 120,000 square feet of space will be utilized and will consist of a national call center and facilities for handling specialty pharmaceuticals.
WellPoint will open its new facilities by the end of the first quarter 2007 and will phase in operations throughout the year.
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