Pharmacy Benefit Manager EmsanaRx Converts to a Public Benefit Corporation
EmsanaRx aligns legal charter with company’s long-term commitment to improve health care outcomes by bringing integrity, clarity and trust to pharmacy benefit management
Backed by some of the largest employers in the U.S., pharmacy benefit manager EmsanaRx announced today that the company is transitioning from a C-corporation to a public benefit corporation (PBC). The new designation reflects greater alignment with the company’s mission, which is to improve health care outcomes by bringing integrity, clarity and trust to pharmacy benefit management.
As a public benefit corporation, EmsanaRx remains a for-profit company, but is now legally accountable to balance the interests of multiple stakeholders, including customers, employees, partners and shareholders. This move protects the organization’s mission to serve the needs of patients and those who pay for their care by increasing health care quality and transparency and lowering the drug costs burdening businesses and workers alike. The new charter also ensures EmsanaRx’s on-going ability to only select partners that share its mission.