SOMERSET, N.J., March 1, 2011 (GLOBE NEWSWIRE) -- inVentiv Health today announced the rebranding of The Franklin Group, a leading provider of patient access and reimbursement services to the healthcare industry, as inVentiv Patient Access Solutions. This rebranding better reflects the organization's expanded services and expertise in reimbursement, enabling greater patient access to pharmaceutical drugs.
"One of the biggest trends in the pharmaceutical sector is the increase in prior authorizations that are being required before patients can get the drugs they need – an increase estimated to be approximately 400% over the next three years," said John Doster, Executive Vice President and Managing Director of inVentiv Patient Access Solutions. "As more and more hurdles are put between patients and products, we're finding a growing demand for our expertise in patient access by drug makers and physicians."
Mr. Doster said the company has long been recognized for delivering exceptional support to pharmaceutical companies' patient assistance and reimbursement programs. This rebranding represents an expanded offering supporting multi-faceted patient access strategies.
Through its expanded reimbursement services, inVentiv Patient Access Solutions helps patients navigate the often-complex reimbursement system providing insurance validation, coding, coverage and co-pay assistance, prior authorization, appeals and advocacy, alternative coverage searches and therapy education. Additionally, the company has enhanced its infrastructure with a state-of-the-art call center and new imaging and portal technology.
inVentiv Patient Access Solutions brings expertise working in all types of coverage environments, including private insurance, Medicare and Medicaid, nonprofit organizations, and state and local providers. The team also has extensive experience in every significant therapeutic category.
To learn more about inVentiv Patient Access Solutions' expanded list of offerings, please visit .
About inVentiv Health
inVentiv Health, Inc. is a leading global provider of results-driven clinical, consulting and commercial services to the biopharmaceutical and healthcare industries. inVentiv's client roster consists of more than 350 leading pharmaceutical, biotech, device and life sciences companies. inVentiv Health, Inc. is privately owned by inVentiv Group Holdings, Inc., an entity sponsored by affiliates of Thomas H. Lee Partners, L.P., Liberty Lane Partners, and members of the inVentiv management team. For more information, visit .
The inVentiv Health, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4942.
CONTACT: Media Contact: Marcia Frederick inVentiv Health, Inc. (614) 543-6281 mfrederick@inventivhealth.com