Prodigy Care Services LLC

AUSTIN, Texas--( BUSINESS WIRE )--Prodigy Care Services, a leader in innovative pharmacy solutions, today announced the launch of Specialty Nexus, a groundbreaking specialty drug management solution that delivers cost savings, enhanced clinical outcomes, and improved access to critical medications for workers’ compensation payers. Spending on specialty drugs has more than doubled from $113 billion in 2016 to $237 billion in 2023. Traditionally defined by complex handling, specialty drugs are now also known for high costs and limited availability. Specialty Nexus disrupts the traditional pharmacy benefit manager (PBM) model with a cost-effective, clinically driven, and transparent alternative. “Specialty Nexus is more than just a cost-savings initiative—it’s a commitment to ensuring patient access to essential medications while supporting the long-term sustainability of payer programs,” said Del Doherty, Pharm. D., Ph.D., MBA, MPH, CEO and Co-founder of Prodigy Care Services. “While traditional PBMs have fallen short in managing specialty drugs, our proactive approach integrates data-driven clinical oversight, streamlined access, and independent evaluation to deliver real value to both payers and patients.” A New Standard for Specialty Drug Management Specialty Nexus optimizes drug access and delivery through home delivery, streamlined workflows for infusion and limited distribution drugs, and waste reduction strategies. The solution includes independent clinical evaluations from expert PharmDs, offering objective insights into treatment options and return-to-work strategies. “With recent changes in statutes, our municipal clients—especially those serving first responders—have seen a significant rise in specialty drug use. Partnering with Prodigy helps us navigate these evolving challenges. Prodigy provides access to prompt, transparent and reliable information for our clients and claims teams,” said Barbara A Sullivan, CPCU, AIC, President and Chief Operating Officer, EMC Claims Solutions. To improve patient outcomes, Specialty Nexus ensures seamless transitions between post-acute care, home infusion, and durable medical equipment (DME) providers. The platform leverages analytics, lab monitoring, and evidence-based protocols to enhance adherence, patient safety, and cost efficiency. Tackling Cost and Transparency Issues The PBM landscape has long been dominated by vertically integrated entities profiting from inflated drug markups, hidden fees, and conflicts of interest. A recent FTC report found that PBM-affiliated specialty pharmacies accounted for 68% of dispensing revenue in 2023, with some drugs marked up over 1,000%. “By decoupling specialty drug management from traditional PBMs, we remove all conflicts of interest and provide unparalleled transparency and financial accountability,” added Doherty. “This allows payers to maximize rebates, optimize drug utilization, and improve patient outcomes without unnecessary costs.” Specialty drugs represent only 1% of total drug utilization but represent 10% of total drug spend, a figure projected to double by 2030. Specialty Nexus delivers estimated savings of up to 35% through evidence-based protocols, waste reduction, and rebate negotiation. About Prodigy Care Services Founded in 2020 and based in Austin, Texas, Prodigy Care Services is a healthcare services technology company dedicated to improving patient outcomes and payer efficiency. Its innovative solutions optimize pharmacy, post-acute care, and ancillary services across the workers’ compensation continuum. For more information, visit www.prodigycareservices.com or call (713) 322-6667 .

Heralding in a New Era of Consumer Protection Safety Standards in the Cannabis Industry MIAMI, April 9, 2024 /PRNewswire/ -- Prodigy Processing Solutions, a pioneering force in hydrocarbon extraction technology, today announced its strategic partnership with Solvent Direct, the premier supplier of high-purity solvents specifically engineered for cannabis extraction. The alliance marks a momentous step forward in elevating the extraction process to meet and exceed pharmaceutical and consumer safety standards across the cannabis and hemp industries. Headquartered in Los Angeles, Solvent Direct has distinguished itself as the industry's foremost provider of compliant solvent solutions, manufactured with an unwavering focus on consumer safety and product transparency. This makes Solvent Direct a pivotal partner in Prodigy's mission to revolutionize cannabis extraction. "Our partnership with Solvent Direct aligns perfectly with Prodigy's strategic vision of integrating the highest standards of safety and compliance into every facet of the cannabis extraction process," said Marc Beginin, CEO of Prodigy Processing Solutions. "As we stand on the cusp of FDA oversight, this partnership will ensure our clients are not just prepared for cannabis legalization, but are leading the way in compliance and safety." Both Prodigy and Solvent Direct adhere to the stringent requirements for full Good Manufacturing Practice (GMP) compliance for both food and pharma standards, including comprehensive requirement specification, functional specification, design specification, testing protocols, traceability with detailed documentation, and standard operating procedures. This mutual commitment to excellence ensures that together, Prodigy and Solvent Direct are setting the industry benchmark for product safety and reliability. As anticipation grows for the rescheduling of cannabis to Schedule III, which will significantly impact pharma research and propel the development of cannabis-based pharmaceutical products, Prodigy stands out as the only manufacturer of hydrocarbon cannabis extraction equipment fully prepared to meet the ensuing needs of the pharmaceutical industry and pending FDA consumer safety standards. "Prodigy's use of only pharmaceutical grade 316L stainless steel for their equipment is a testament to their forward-thinking approach," said Lexis Shontz, CEO of Solvent Direct. "This is why our partnership is so pivotal; it represents a fusion of the highest grades of GMP-compliant extraction equipment and solvent purity—which is the future of pharmaceutical-grade cannabis extraction." The strategic partnership will be highlighted at the upcoming MJ Unpacked event, taking place April 9 – 11, 2024 in Atlantic City, New Jersey, where Prodigy is the exclusive sponsor of the event's Garden Lounge. Representatives of both companies will be on hand to engage with attendees on the future of compliance in the cannabis extraction industry. Prodigy representatives will also be in attendance at Benzinga Cannabis Capital Conference the following week, April 16-17, in Hollywood, Florida. Prodigy's partnership with Solvent Direct reflects a shared vision for the future of cannabis extraction - where excellence in safety, compliance, and consumer protection are not just goals but foundational principles. As the industry evolves, Prodigy continues to establish a framework that not only meets today's standards but anticipates tomorrow's regulations, ensuring cannabis clients are ready for an era of FDA compliance from food-grade to pharmaceutical-grade products. For more information about Prodigy Processing Solutions and its partnership with Solvent Direct, please visit ProdigyUSA.com. About Prodigy Processing Solutions Prodigy Processing Solutions is the industry leader in cannabis extraction equipment, offering state-of-the-art engineering, unparalleled customer service, expert operator training, and complete extraction lab solution packages. Prodigy provides businesses with the tools they need to thrive in the cannabis and hemp industries. On a mission to deliver the highest quality and most innovative extraction solutions, Prodigy is setting the pace for the future of the cannabis and hemp industries. SOURCE Prodigy Processing Solutions

AUSTIN, Texas--( BUSINESS WIRE )-- Prodigy Care Services has launched PACparency, a post-acute care (PAC) solution, providing workers’ compensation payers full financial transparency of Prodigy’s PAC and bill review services. PACparency reports financial metrics, including client savings for each referral, Prodigy’s retained savings, healthcare provider total billed charges and final reimbursement, and accurate jurisdictional fee schedule determination. “Prodigy’s complete transparency allows clients to easily determine the full savings impact of our PAC solution,” said Prodigy Co-Founder and President Matthew Imes. “As a result, clients are realizing better savings than with previous vendors. The old model of companies hiding portions of the financial transaction needs to end.” PACparency provides services nationwide through network and out-of-network provider agreements. Providers span the entire post-acute care continuum from long-term acute care and rehabilitation hospitals, residential brain injury/spinal cord injury centers, skilled nursing facilities, and assisted living facilities to home health, complex rehab technology, and durable medical equipment providers. With 20-plus years’ experience in PAC admissions and discharges, PACparency coordinators have strong provider-selection expertise and deliver efficient care coordination. PAC coordinators ensure network providers adhere to a patient-centric approach using evidence-based care guidelines. Upon client request and at no additional charge, an interdisciplinary team of PAC clinicians provide clinical review and advanced care-mapping for complex and catastrophic claims. Led by Prodigy’s Senior Vice President of Sentinel Services Stan Smith, PACparency was developed by experts who have operated PAC facilities and networks. For over 25 years, Smith provided administrative leadership for inpatient rehabilitation and long-term acute care hospitals, skilled nursing facilities, specialized centers for brain and spinal cord injuries, and other outpatient rehab facilities. About Prodigy Care Services Based in Austin, Texas and founded in 2020, Prodigy Care Services is a healthcare services technology company dedicated to positively impacting the lives of workers’ compensation patients by delivering outcomes-driven care solutions and increasing payer efficiency across the continuum of care. It provides services nationally to insurers, third-party administrators, bill review and case management companies, and other workers’ comp payers. PACparency along with the ProdigyRx pharmacy benefit manager, proactive clinical controls, and a suite of evidence-based, patient-centric clinical programs and tools are among Prodigy’s offerings. For more information, please see www.prodigycareservices.com or call (713) 322-6667.