Evio Pharmacy Solutions announces Wellmark as its newest health plan investor in effort to address high-cost medications

DENVER, March 6, 2025 /PRNewswire/ -- Evio Pharmacy Solutions proudly announces the addition of Wellmark Blue Cross and Blue Shield as its sixth investor and owner health plan. This new partnership is an exciting development for Evio as the company welcomes its first new investor since its establishment four years ago.

Wellmark, a member-owned independent licensee of the Blue Cross Blue Shield Association, serves more than two million people in Iowa and South Dakota. Wellmark, known for its innovative approaches and commitment to making health care better, will further Evio's mission to deliver differentiated pharmacy care.

Evio works with health plans to transform the medication experience for everyone: patients, providers, employers, and the pharmacy system at large. Utilizing real-world evidence analytics, innovative medication contracting models, and a suite of digital tools, Evio aims to ensure every patient can access the right medication for their unique situation, from the beginning, in a simple and affordable way.

"Our board and I are thrilled to welcome Wellmark to help drive our transformative agenda," said Hank Schlissberg, chief executive officer of Evio. "Having established a compelling vision, a phenomenal team, and a track record of measurable impact, Evio was open to new partners for the first time. When we evaluated potential additions, Wellmark quickly rose to the top. Their innovative thinking aligns seamlessly with our mission to reshape pharmacy care."

Paul Eddy, chief health and innovation officer at Wellmark, expressed enthusiasm for the new partnership: "We are excited about our investment in Evio. By leveraging Evio's innovative methods and aligning with our commitment to making health care better, this partnership will enhance our ability to provide our customers and members with even greater access to appropriate and affordable medications for their unique needs. Additionally, we will work together within the pharmaceutical industry to help manage the cost of medications."

Since its launch, Evio has established a strong track record of value creation for its health plan investors by:

• Conducting real-world evidence analytics studies to generate actionable insights on drug performance in specific patient populations and diagnoses: enabling data-driven formulary and benefit designs to support members.
• Designing and executing innovative pharmaceutical manufacturer contracts that ensure access to the right medications with measurable cost savings and outcomes-based incentives.
• Building a suite of digital tools that empower health plans and providers with patient-level analytics and tailored recommendations.

Like all owner health plans, Wellmark will have the option to participate in all of Evio's offerings and actively contribute to the company's future innovations through board representation.

As Evio continues its mission to transform the pharmacy value chain, the addition of Wellmark strengthens its ability to deliver transformative, cost-effective, and patient-centered pharmacy solutions across the country.

About Evio
Evio Pharmacy Solutions is an independent pharmacy solutions company that works with health plans to transform the medication experience for everyone: patients, providers, employers, and the pharmacy system at large. Using real-world evidence analytics, innovative value-based and direct contracts with pharmaceutical manufacturers, and complete transparency, Evio's vision is for every patient to have access to the right medication for their unique situation, from the beginning, in a simple and affordable way. We are an independent company owned by Blue Cross Blue Shield of Massachusetts, Blue Cross Blue Shield of Michigan, Blue Shield of California, Highmark Inc., Independence Blue Cross, and Wellmark Blue Cross and Blue Shield, who in total provide services to more than 20 million members. www.evio.com.

About Wellmark Blue Cross and Blue Shield 
Wellmark, Inc., is an independent licensee of the Blue Cross Blue Shield Association. As a mutual insurance company, we're owned by our policy holders across Iowa and South Dakota. More than two million people in Iowa and South Dakota are covered by a Wellmark health plan. We work hard every day to make health care better as a trusted, innovative and inclusive leader committed to improving the health of the people and communities we serve. Learn more at Wellmark.com.

SOURCE Evio Pharmacy Solutions