All posts by imreal

Smith Names Dale Bahn Global ITAD Director


“Smith is committed to protecting our customers’ sensitive and confidential data, and our SWIPE® service provides critical assurance to our customers that all data-bearing hardware is completely sanitized and securely handled,” said Dale. “I look forward to supporting the  globalization of our ITAD business and spearheading new opportunities to drive our growth and innovation.”

The company opened a new, 30,000-square-foot facility last year to house its US-based ITAD services, which previously operated out of Smith’s flagship distribution center at its global headquarters in Houston. The expansion has allowed Smith’s Intelligent ITAD™ program to increase its process-line-capacity by 20 percent and the process lines’ roller-line capacity by 33 percent. The company has also added 20 high-capacity drive-erasure machines, with ten more machines to be added in the near future, effectively increasing the test-area capacity by 150 percent.

Dale brings more than three decades of experience and knowledge of servers, networking equipment, components, and operational processes to the position. He joined ServerMonkey, Smith’s sister company specializing in refurbished servers and networking equipment, as its Operations Manager in 2014 and was named to his most recent position as Global ITAD Operations Manager at Smith in 2020. During his tenure, Dale has been instrumental in establishing the company’s ITAD policies and procedures, developing key service offerings, and expanding the department’s operational output.

“Dale has provided significant improvements to our ITAD service offerings from an operational standpoint,” said Art Figueroa, Senior Vice President of Global Operations at Smith. “His experience allows him to delve into arduous situations and provide practical solutions. He was a key player in the launch of our ITAD hub in Houston and helped bolster the department’s production with the introduction of groundbreaking in-house equipment and system-based improvements. He can largely be attributed to ITAD’s current and future success.”

About Smith

Founded in 1984,  Smith sources, manages, and distributes the electronic components that go into everything from mobile phones and computers to appliances and automobiles. In 20 cities around the world, Smith’s legion of employees communicates in 50 languages and dialects and buys and sells components 24 hours per day, generating global annual sales in excess of $4.7 billion in 2022. Smith is always moving: helping manufacturers navigate market shifts; customizing supply chain solutions; testing components using cutting-edge technology. The support of Smith’s flexible Intelligent Distribution™ model optimizes customers’ supply chains from beginning to end, including offering customized options for IT asset disposition that deliver maximum ROI, sustainability, and security. Smith’s testing and logistics hubs in Houston, Hong Kong, Amsterdam, and Singapore cover critical areas like quality management, counterfeit prevention, and environmental safety. Smith’s operations, purchasing, and sales worldwide are seamlessly integrated with the company’s global IT infrastructure, offering real-time, global inventory and logistics visibility. Smith is the leading independent distributor of electronic components and ranks number six among all global distributors. For more information, please visit http://www.smithweb.com or reach out to a Smith representative any time of day at +1 713.430.3000.

Media Contact

Rich Witmer, Smith, +1 7134302141, [email protected], www.smithweb.com

SOURCE Smith

New Research Report from Homewatch Networks, Inc — The Future of Care Work and Older Adults


This new report, The Future of AI and Care Work — the Rise of the AI Caregiver — tackles the opportunity for AI to assist with the labor shortage in the care-related industries. The report is based on interviews with experts from 25 organizations across healthcare, senior living and technology. The potential is still untapped for use of AI to help care workers — healthcare, home care, senior care. Over the next five years, AI technology will become part of the care work infrastructure.

PORT ST LUCIE, Fla., Nov. 7, 2023 /PRNewswire-PRWeb/ — This new report, The Future of AI and Care Work, tackles the opportunity for AI to assist with the critical labor shortage in the care-related industries like hospitals, home care, senior living, and nursing homes. Life expectancy for the 65+ is lengthening into mid-80s and for some even longer, and while many older adults may thrive in their later years, it is likely that as individuals age, some will need more care-related services, but organizations will struggle to have enough workers to provide them. The report is based on interviews with experts from 25 organizations across healthcare, senior living and technology firms. Although today, the potential is still untapped for use of AI to help care workers — healthcare, home care, senior care. Life expectancy for the 65+ is lengthening into mid-80s and for some even longer, and while many older adults may thrive in their later years, it is likely that as individuals age, some will need more care-related services, but organizations will struggle to have enough workers to provide them. Over the next five years and beyond, AI technology will become part of the care work infrastructure. It will fill in the gaps in care across 24-hour periods during those times when caregivers are unavailable or cannot be reached.

The Remarkable Potential of Magic Mushrooms in PTSD Treatment


The prevalence of PTSD is a pressing concern worldwide, with millions of people suffering from its debilitating effects. Traditional treatments have often fallen short, leaving patients in search of alternative solutions. Recent studies have illuminated the potential of psilocybin, the active compound in magic mushrooms, to alleviate PTSD symptoms by promoting introspection and healing.

The Magic Mushroom Delivery is positioned at the forefront of this emerging therapeutic landscape, offering a safe, discreet, and convenient way for individuals to access the benefits of psilocybin in a controlled and responsible manner. The company’s mission is clear: to provide a bridge to hope and healing for those battling the relentless grip of PTSD.

The Key to Healing: Psilocybin and Safe Access

Psilocybin, when administered under appropriate guidance and supervision, has shown remarkable promise in clinical trials for its ability to reduce PTSD symptoms, including anxiety, depression, and intrusive thoughts. However, access to this transformative therapy has been limited, leaving many without viable options.

The Magic Mushroom Delivery is on a mission to change that. Through a carefully crafted platform, the company ensures that individuals in need can access high-quality, lab-tested magic mushrooms and psilocybin products with ease. Their commitment to safety and adherence to legal guidelines make them a trusted source for those exploring psilocybin-assisted therapy.

Compassion, Education, and Support

Understanding that embarking on a psilocybin journey is a deeply personal and sometimes challenging process, The Magic Mushroom Delivery places compassion, education, and support at the core of their service. They provide valuable resources and information to help users make informed decisions about their therapy. Additionally, the company offers access to trained professionals who can provide guidance and support throughout the therapeutic process.

An Ethical and Responsible Approach

The Magic Mushroom Delivery is dedicated to the responsible and ethical use of magic mushrooms. They are committed to promoting harm reduction and ensuring that their products are used safely and responsibly. The company takes steps to verify the age and identity of their customers, adhering to all legal requirements and regulations.

Joining the Movement Towards Mental Health Transformation

The Magic Mushroom Delivery is more than just a delivery service; it’s a beacon of hope for individuals grappling with PTSD and seeking innovative, effective treatments. The company is a vital part of the growing movement to destigmatize mental health care and provide alternative therapies that can truly make a difference in people’s lives.

To learn more about”The Magic Mushroom Delivery and their mission to bring hope and healing to those with PTSD, please visit https://themagicmushroomdelivery.com/.

In a world where mental health challenges continue to affect countless lives, The Magic Mushroom Delivery offers a ray of hope, unlocking the remarkable potential of magic mushrooms to help individuals on their journey toward recovery and healing.

Media Contact:

Alexis Samuels
Media/ PR Specialist
Sienna Creative Digital
www.SiennaCreativeDigital.com
hello@siennacreativedigital.com
(951) 595-7710

About The Magic Mushroom Delivery

The Magic Mushroom Delivery is a pioneering delivery service that offers safe, discreet, and convenient access to high-quality, lab-tested magic mushrooms and psilocybin products. Committed to promoting responsible and ethical use, the company aims to provide relief and healing to individuals struggling with post-traumatic stress disorder (PTSD) through the transformative potential of psilocybin therapy. For more information, please visit https://themagicmushroomdelivery.com/.

Note: This press release is for informational purposes only and does not constitute medical advice. Consult with a healthcare professional before starting any new treatment for mental health conditions.

SOURCE The Magic Mushroom Delivery

Blueboard Announces Appointment of Chris Cabrera to Board of Directors


Sales incentives are an essential piece of any sales leader’s compensation plan—they drive visibility, awareness, and focus as priorities change to ensure better behaviors and outcomes so that revenue teams hit performance targets. While cash has always been the go-to incentive, there is enormous opportunity in experiential incentives, which have higher perceived value and greater impact on seller motivation and performance because they are differentiated from compensation.

“Blueboard is poised to achieve tremendous success and I am delighted to join their board,” said Chris Cabrera, Founder and CEO of Xactly Corporation. “Blueboard’s commitment to helping companies create more engaged and productive workforces is both impressive and necessary. This is a great opportunity to work together with the Blueboard team and deliver creative ways to incentivize employees at a time when it is needed to attract and retain the best people.”

To learn more about Chris Cabrera’s leadership, check out his new book, The Unicorn Fallacy.

About Xactly

Xactly was founded by a sales leader, for salespeople everywhere. Xactly’s AI-powered Intelligent Revenue Platform gives Revenue Operations and Finance teams the data and tools they need to plan with agility, motivate with intention and predict with conviction. We are on a mission to transform the sales industry with AI to power reps and leaders to deliver results regardless of circumstances. To learn more about Xactly visit xactlycorp.com.

About Blueboard

Blueboard is the experiential rewards and recognition platform of choice for the world’s most loved employers. Blueboard makes it easy for companies to give experiential employee rewards and incentives: from one-of-a-kind to once-in-a-lifetime experiences (think skydiving, dining through Michelin stars, learning to blow glass, or chasing the Northern Lights). Blueboard supports enterprise workforces across 70 countries and partners with hundreds of Best Places to Work including Shake Shack, Mixpanel, Segment, Glassdoor, GoPro, and Ubisoft to help them celebrate their people in a more meaningful way. Learn more at Blueboard.com.

Media Contact

Natasha Wahid, Blueboard, 1 7783888359, [email protected], https://www.blueboard.com/ 

SOURCE Blueboard

Rendered.ai Partners with Tafi to Revolutionize AI Training with Human Character 3D Models


“The integration of Tafi’s proprietary Genesis character models into the Rendered.ai platform marks a significant milestone for computer vision AI training,” stated Nathan Kundtz, Ph.D., CEO at Rendered.ai. “These highly configurable 3D models open up exciting possibilities for applications in computer vision, offering developers and researchers access to a rich dataset that accurately represents the complexities of the human form available within a collaborative experience accessible to large data science teams.”

Rendered.ai’s synthetic data platform, equipped with Tafi’s human character models, will be a valuable asset for a range of industries. Training AI models for medical image analysis and patient monitoring can benefit from realistic human anatomical data. Enhancing visual recognition algorithms for shopping behavior, factory safety, and customer behavior can benefit from simulating a wide range of human behavior. Improving computer vision systems for pedestrian detection, driver monitoring, and human-centric safety features in autonomous vehicles uses 3D characters for simulating unsafe conditions. Many more use cases exist for application of 3D character models to computer vision data needs.

Tafi’s extensive library of human character models, derived from its proprietary Genesis character engine, combined with Rendered. ai’s collaborative synthetic data generation platform, empowers data scientists and developers to push the boundaries of AI applications that rely on realistic human interactions. As NVIDIA partners, both companies are excited to be able to show off the capability that is possible within the ecosystem of technology providers that are evolving around the AI giants.

“We’re excited to collaborate with Rendered.ai in reshaping the landscape of AI training data,” said Preston Woo, CSO and CFO at Tafi. “Our meticulously crafted 3D human models have been the gold standard in the creative industry for years, and now, through this partnership, they will find new purpose in the realm of artificial intelligence.”

The integration of Tafi’s human character models into the Rendered.ai platform is available now, upon request. For further information, visit https://rendered.ai/3d-human-character-models/

About Rendered.ai

Rendered.ai is a Platform as a Service that enables data scientists, data engineers, and developers to create and deploy unlimited, customized synthetic data generation for computer vision-related machine learning and artificial intelligence workflows, reducing expense, closing gaps, and overcoming bias, security, and privacy issues when compared with the use or acquisition of real data. Founded by physicist Nathan Kundtz, Rendered.ai makes it easier for users to create synthetic data for enterprise workflows by providing a collaborative environment, samples, and cloud resources to quickly get started defining new data generation channels, creating datasets in high performance compute environments, and characterizing and cataloging existing and synthetic datasets. Rendered.ai is a privately held company based in Seattle, Washington, and is a member of the US Geospatial Intelligence Foundation, in addition to being partnered with NVIDIA, AWS, and Carahsoft. For more information on the company and to sign up for a free trial, please visit: www.rendered.ai.‥

About Tafi

Tafi is a leading provider of 3D content and software, and through its Daz 3D creator platform, has served millions of professional and recreational artists worldwide for more than two decades. Using its own generative creation tools, Tafi has collaborated with Fortune 500 brands across film & entertainment, consumer, beauty, fashion and apparel, and other sectors. Earlier this year, Tafi announced its latest development of a groundbreaking Generative AI text-to-3D character engine, making it easier and faster than ever before to produce high-quality 3D characters, based exclusively on text input. Its investors include Benchmark Capital, Columbia Capital and Ponte Partners.

Through its Daz 3D platform, Tafi provides a 3D marketplace and free software suite with content that can be exported into other major 3D software programs, allowing artists and designers to create high-resolution stills and animations while building professional quality 3D scenes. Founded in 2000, Tafi’s digital marketplace offers hobbyists and professionals tens of thousands of 3D products with over 5 million inter-compatible 3D assets for Daz Studio and other 3D applications. Tafi has created the most artist-friendly digital marketplace, paying $200 million to its global network of contributing artists. Learn more at: www.maketafi.com and www.daz3d.com..

Media Contact

Leslie Matzinger, Rendered.ai, 1 4053151975, [email protected], https://rendered.ai

SOURCE Rendered.ai

Greenberg Traurig’s Natalie Gallego Appointed to HNBA’S Young Lawyer Division Board


Natalie Gallego, an attorney in global law firm Greenberg Traurig’s Corporate Practice in Boston, was appointed to the Young Lawyer Division Board of the Hispanic National Bar Association (HNBA) through September 2024.

BOSTON, Nov. 7, 2023 /PRNewswire-PRWeb/ — Natalie Gallego, an attorney in global law firm Greenberg Traurig‘s Corporate Practice in Boston, was appointed to the Young Lawyer Division Board of the Hispanic National Bar Association (HNBA) through September 2024.

“I am excited to serve alongside young Hispanic attorneys from across the country and focus on developing HNBA membership,” Gallego, who serves as the board’s co-chair of membership, said.

The Young Lawyer Division’s mission is to further the HNBA’s goals of serving the Hispanic community and legal profession, to represent and advocate for young Hispanic lawyers in the HNBA, and to create a forum for young Hispanic lawyers to discuss their views and the legal culture in which they practice, according to the organization.

Gallego focuses her practice primarily on mergers & acquisitions, emerging company and venture capital matters, debt and equity financings, commercial transactions, and general corporate governance matters. She has particular experience representing clients acquiring and financing renewable energy projects, as well as clients in the technology, life sciences, entertainment, transportation, and manufacturing industries.

About Greenberg Traurig’s Boston Office: Established in 1999, Greenberg Traurig’s Boston office is home to more than 85 attorneys practicing in the areas of banking and finance, corporate, emerging technology, energy, environmental, gaming, governmental affairs, intellectual property, labor and employment, life sciences and medical technology, litigation, public finance, real estate, restructuring and bankruptcy, tax, and white collar defense and investigations. An important contributor to the firm’s international platform, the Boston office includes a team of nationally recognized attorneys with both public and private sector experience. The team offers clients the value of decades of helping clients in complex legal matters and hands-on knowledge of the local business community, supported by the firm’s vast network of global resources.

About Greenberg Traurig’s Diversity Initiative: From its inception, Greenberg Traurig has been committed to diversity, equity, and inclusion in the workplace. Greenberg Traurig is a uniquely empowering and diverse firm built on a foundation of fairness, equality, and authenticity. Through its Social, Racial, and Economic Justice Action Plan, the firm has committed $5 million over five years to help combat systemic racism and support impoverished communities. In addition, the firm’s efforts have been recognized through its Mansfield Rule 6.0 Certification Plus, administered by The Diversity Lab, and by local, national, and global publications and organizations including Chambers and Partners.
Web: https://www.gtlaw.com/en/general/our-firm/diversity Twitter: @GT_Drives.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: http://www.gtlaw.com.

Media Contact
Lisa Murray, Greenberg Traurig, 978.750.0333, [email protected], gtlaw.com

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SOURCE Greenberg Traurig



DOXA Insurance Holdings Announces Acquisition by Goldman Sachs Asset Management


DOXA Insurance Holdings announces it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management (“Goldman Sachs”).

FORT WAYNE, Ind., Nov. 7, 2023 /PRNewswire-PRWeb/ — DOXA Insurance Holdings (“DOXA” or the “Company”), one of the fastest growing niche underwriting and distribution companies in North America, announces it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management (“Goldman Sachs”).

This private equity investment by Goldman Sachs marks a pivotal moment for DOXA, propelling the company towards its next phase of expansion. The investment will help fuel DOXA’s ongoing acquisition strategy in addition to its organic growth initiatives. DOXA’s management team and employee shareholders will remain significant investors alongside Goldman Sachs.

Since its inception in 2016, DOXA has demonstrated exceptional growth, bolstered by its integrated, family of companies approach. The Company’s portfolio spans specialty MGA, wholesale, affinity, and alternative risk segments generating over $600 million in written premium. With a presence across the United States, DOXA solves complex coverage issues for numerous industries in need of specialized insurance solutions.

Matt Sackett, CEO and founder of DOXA Insurance Holdings, said, “The investment from Goldman Sachs is a testament to the strong business and brand DOXA has created since inception. We are excited to work with Anthony and his team to accelerate DOXA’s strategic expansion and drive DOXA in its next chapter of evolution.”

Anthony Arnold, Managing Director in Private Equity at Goldman Sachs, said, “We are excited to partner with Matt and the entire DOXA team and have been impressed with the significant and differentiated capabilities they have assembled since launching in 2016. We look forward to bringing our resources to DOXA’s existing platform and to help them capitalize on the significant macro trends that are driving the broader MGA sector.”

The transition is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals. Waller Helms Advisors served as exclusive financial advisor and Barrett McNagny LLP and Choate Hall & Stewart LLP served as transaction counsel to DOXA in connection with this transaction. Piper Sandler & Co. and Goldman Sachs & Co. LLC served as financial advisor and Sullivan & Cromwell LLP served as transaction counsel to Goldman Sachs in connection with this transaction.

About DOXA

DOXA Insurance Holdings is a specialty niche-focused insurance distribution company including capabilities such as its Managing General Agencies, Wholesale Brokers, and Program Administrators. DOXA focuses on assisting businesses through centralized support services and helps its companies maximize their growth potential. DOXA’s founders are experienced insurance executives with credentials in the niche and specialty insurance market. More information is available at http://www.doxainsurance.com.

About Goldman Sachs Asset Management

Goldman Sachs Asset Management delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs oversees more than $2.6 trillion in assets under supervision as of September 30, 2023. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. In public markets, Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity and multi-asset solutions. It is one of the largest managers of private capital globally and invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure and sustainability.

Media Contact
Cassidy Taylor, DOXA Insurance Holdings, 610-559-7585, [email protected], https://doxainsurance.com/
Avery Reed, Goldman Sachs, (212) 902-1000, [email protected]

SOURCE DOXA Insurance Holdings

Fenway Health announces first textbook providing an affirming, intersectional, & evidence-based approach to transgender, non-binary, and gender-expansive psychiatric care


“Medical education on gender-affirming care has lagged far behind clinical demand. In this textbook, we provide clinicians with the rigorous and thorough examination of evidence-informed and affirming care practices that they need to provide optimal patient care,” said Goetz.

Gender-Affirming Psychiatric Care integrates cutting-edge neuroscience, clinical research, best practices, mental health systems design, and mental health policy. Contributors to Gender Affirming Psychiatric Care, 90 percent of whom identify as TNG, offer an expert view from psychiatry, psychology, social work, nursing, pharmacy, public health, law, business, community activism, and more. Each of the 26 chapters of Gender-Affirming Psychiatric Care features at least one TNG author, ensuring that wisdom from lived experience is woven throughout the textbook and informs all of the topics covered.

Gender-Affirming Psychiatric Care opens with a discussion of epidemiology, the neuroscience of gender, and psychopharmacological considerations for prescribing with TNG people. The rest of the textbook provides an in-depth examination of the following topics:

  • Intersectional, gender-affirming care for marginalized communities such as Two-Spirit and Indigenous, Black, Asian American, Pacific Islander, disabled, migrant, refugee, and unhoused people
  • Developmentally appropriate care for TNG people, from childhood and adolescence to older age
  • Gender identity affirmation in the context of eating disorders, substance use disorders, pregnancy, and serious mental illness
  • The specific care needs of populations who have experienced the traumas of incarceration and gender identity conversion efforts
  • The necessity of systems-level change, including collecting gender identity information in electronic health records, building gender-affirming clinical environments, and mental health law and policy considerations

Gender-Affirming Psychiatric Care is published by APA Publishing, a division of the American Psychiatric Association. APA Publishing is the world’s premier publisher of books, journals, and multimedia on psychiatry, mental health, and behavioral science. 

Media Contact

Christopher Viveiros, Fenway Health, 6177217494, [email protected], www.fenwayhealth.org 

Twitter

SOURCE Fenway Health



Illustrative Mathematics and Kiddom Form Curriculum Partnership


“We are thrilled to name Kiddom as an IM Certified Premium Partner for the next edition of IM’s curriculum,” said Bill McCallum, CEO and cofounder of Illustrative Mathematics.”Kiddom is committed to supporting IM’s problem-based instructional model and the technology itself is designed to enhance mathematical discourse. We look forward to working with them to develop even more innovative features that facilitate lively interaction between students and teachers.”

For Kiddom, the partnership with IM is mission-aligned. “A lack of access to high-quality curriculum significantly undermines student equity, increasing disparities in educational outcomes,” said Ahsan Rizvi, CEO at Kiddom. “We are proud to offer IM 360 on the powerful Kiddom platform to ensure these high-quality materials are fully accessible in classrooms across the entire country.”

Teachers using IM 360 on the Kiddom platform will be able to leverage time-saving lesson planning and instructional delivery tools, as well as actionable student performance reporting. School and district leaders will also gain a dedicated set of tools and views to implement IM 360 with integrity at scale. “Administrators and teacher leaders work so hard to select the right materials, but the hard work truly starts after the selection process,” noted Abbas Manjee, Kiddom’s cofounder and chief academic officer.

Districts will also have the ability to tailor the curricula to meet the needs of their local communities. “With Kiddom, districts can localize and republish versions of IM 360 that are right for their respective populations,” Manjee continued. “And once they do, we give them a real-time perspective on core curriculum usage and student achievement. The insights they can unlock with that kind of data are incredibly powerful.”

IM 360 powered by Kiddom will be available for implementation in the 2024-2025 school year.

To learn more, please visit illustrativemathematics.org.

About Illustrative Mathematics

Illustrative Mathematics is a nonprofit organization dedicated to creating a world where all learners know, use, and enjoy mathematics. To learn more, visit illustrativemathematics.org.

About Kiddom

Kiddom is a paradigm shifter for equitable learning experiences, merging dynamic technology with high-quality instructional materials. Kiddom partners with high-quality curriculum providers, like Illustrative Mathematics, to transform print materials into engaging, insightful digital learning experiences. Kiddom helps educators understand, customize, implement, and measure the impact of core curriculum on a simple, powerful platform. To learn more, visit Kiddom.co.

Media Contact

Illustrative Mathematics, Illustrative Mathematics, 1 (608) 216 7300 107, [email protected], https://illustrativemathematics.org/

SOURCE Illustrative Mathematics

Senate Finance Committee Work is Essential to “Real” PBM Reform at the Federal Level


“NACDS urges Congress to continue to stand strong on a bipartisan basis to confront the middlemen’s ‘pharmaceutical benefit manipulation’ in healthcare and in the legislative process. Past is prologue, and the PBMs will attack and complicate this straightforward and necessary legislation in predictable and misleading ways. For all Americans and for all pharmacies, Congress cannot allow the derailing – or the sabotage – of necessary reforms.

“The legislation to be considered this Wednesday complements aspects of the Modernizing and Ensuring PBM Accountability Act passed previously by the Committee. Together, the two bills include the Medicaid reforms in the NACDS-backed Protect Patient Access to Pharmacies Act; the Medicare reforms in the NACDS-backed Neighborhood Options for Patients Buying Medicines Act – including the must-have ability to ensure ‘reasonable and relevant’ PBM contract terms in Medicare; provisions for strong CMS enforcement; as well as provisions related to Medicare quality measures and transparency.

“Further, it is imperative that the Committee and the Congress stay focused on preventing the ‘pharmaceutical benefit manipulation’ that middlemen achieve by blasting through loopholes in legislation and regulation. NACDS will continue to work with the Committee and with the Congress to identify and prevent well-intended policies that could lead to further manipulation by the PBMs, which harms Americans and pharmacies of all types and sizes.”

NACDS currently is advertising on the vital theme of “real reform.”

Media Contact
Kathleen Bashur, NACDS, 703-837-4367, [email protected], https://www.nacds.org/

SOURCE NACDS