Recently, our parent company Anthem, Inc., announced that it is launching IngenioRx, a new pharmacy benefits manager (PBM). IngenioRx will begin offering a full suite of PBM solutions starting in 2020.
IngenioRx will strengthen Blue Cross and Blue Shield of Georgia's (BCBSGa) value proposition centered on improving health outcomes and helping to lower total health care costs through the power of integration, combining national scale with our local expertise, and developing tools and solutions that paint a real-time picture of total health. We're committed to transitioning our members as seamlessly as possible to our new solution in 2020. Until then, your members should continue to use their benefits the same as they do today.
In addition to the news about launching IngenioRx, we also announced that we're partnering with CVS Health after our current PBM contract expires at the end of 2019. IngenioRx will leverage market-leading pricing, our clinical expertise, deep provider relationships and focus on customer centricity with CVS' point-of-sale engagement strategies. CVS will also provide prescription fulfillment and claims processing services. This combination will create a truly integrated approach to managing health and driving better outcomes.
We are excited about this new direction, and we hope you are too. Please contact your BCBSGa representative for questions.