Navitus Partners with Costco Pharmacy to Advance Drug Price Transparency
Under the Costco cost plus pricing model, Navitus clients will experience the trusted value and quality associated with the Costco brand. Drug costs will reflect what Costco pays to acquire a drug plus a fixed markup and fee for the pharmacy services provided. Navitus clients will access the full value of Costco's purchasing power through Navitus's 100% pass-through PBM model. Additionally, Navitus members that live within an hour of a Costco Pharmacy can access no cost same-day prescription delivery with Instacart.
'From day one, Navitus has delivered a clear view to drug costs, rebates and fees as a transparent PBM,' said Diana Gibson Pace, Chief Growth Officer at Navitus Health Solutions. 'With our specialty pharmacy, Lumicera, we have led the industry by helping clients understand exactly how much their plan pays for specialty medications. Now, with the Costco cost plus pricing model, Navitus clients will have access to the same level of clarity to the cost of brand and generic drugs at Costco retail and mail order pharmacy locations.'
Through its cost-plus pricing model, Costco demonstrates a shared commitment to transparency and accountability in drug pricing for Navitus clients. In recognition of this alignment, Navitus has designated Costco as a NavitusClear partner—an acknowledgment reserved for organizations that meet our highest standards for clarity and value. Other organizations receiving the NavitusClear designation include Lumicera Health Solutions, Navitus' specialty pharmacy, and CivicaScript, a not-for-profit limited liability company expanding access to affordable generic medications.
'Costco has long supported the Navitus PBM model and its commitment to transparency,' said Richard Stephens, Senior Vice President, Costco Pharmacy. 'We are proud to be their first network pharmacy partner to deliver to their clients highly competitive, fully auditable drug costs of prescription medications. We feel this level of transparency is a positive step to give payers a tool to effectively manage drug spend.'
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For questions and media inquiries, contact navitus@aircoverpr.com.
About Navitus
Navitus remains the nation's first transparent, pass-through pharmacy benefit manager (PBM). It uniquely brings clarity to drug pricing and takes costs out of the drug supply chain. Unlike traditional PBMs that generate profit by retaining an undisclosed portion of rebates and discounts negotiated with drug manufacturers and pharmacies, Navitus passes along the complete savings to clients, enabling them to make medication more affordable for their members. Navitus was established more than 20 years ago by Navitus Health Solutions, LLC, a pioneering pharmacy solutions company. The organization delivers a range of services through portfolio brands including Navitus, Lumicera, and Archimedes. Owned by SSM Health and Costco, Navitus Health Solutions serves over 18 million lives across 800 clients including employers, unions, government plans, payors and health systems. For more information, please visit www.navitus.com.
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