NEW YORK, NY -- (Marketwire) -- 07/24/12 -- Truveris (www.truveris.com), a health information technology company that has created the industry's first truly automated RFP platform and reporting suite to help clients and health care advisors manage the prescription claims process, today announced that it has hired Andrew Munroe as Vice President of Legal and Compliance. Munroe joins the company from Medco Health Solutions, Inc., where he served in the legal department for more than 13 years, most recently as Vice President and Counsel.
"As Truveris continues to grow and provide more cost containment and analytic software products to the market, it is imperative for us to render world class support and services to our clients," said Bryan Birch, Chairman, President and CEO of Truveris. "Andrew's knowledge of our business and expertise in executing enterprise-wide solution agreements in the pharmacy management industry will help our clients."
This announcement follows a very successful year-to-date for Truveris, which is projected to review 400 million unique prescription benefits claims in 2012, representing more than 22 million lives. The need to provide oversight, evaluation and transparency in government funded and commercial sponsored pharmacy programs has resulted in strong demand for Truveris' suite of products.
About Andrew Munroe, Vice President, Legal and Compliance, Truveris
In his new role, Munroe will be responsible for all of the company's legal and compliance matters, and will report directly to Birch. Immediately prior to joining Truveris as a Vice President, Munroe served as an outside lawyer for the company, consulting on numerous high level matters.
Munroe brings with him nearly 25 years of legal experience, most recently serving as a Vice President and managing attorney in charge of various commercial and technology legal practice areas for Medco Health Solutions, Inc. Prior to Medco, Munroe was an Associate with several law firms, including the former New York City law firm of Brown & Wood and the New York Office of Baker & McKenzie. Munroe is a graduate of Princeton University and the University of Pennsylvania Law School. He is member of the Bar of the States of New York and New Jersey.
Commenting on his new position, Munroe remarked: "Since I spent some part of my career at the intersection of health care and technology, I was quick to recognize that the Truveris value proposition is on the right side of health care cost debates, which continues to be an important issue for our time. Truveris utilizes technology and an excellent service model to promote transparency and cost accountability. This is a compelling value proposition, and very necessary to the marketplace."
Founded in 2009, Truveris makes software to drive efficiency, transparency and cost containment in the prescriptions claims process. Truveris helps payers of pharmacy benefits negotiate agreements with Prescription Benefit Managers (PBMs), validate claim payment accuracy, ensure regulatory compliance, and manage pharmacy spend. Based in New York City, Truveris is funded by First Round Capital, Tribeca Venture Partners and New Atlantic Ventures. For more information, visit truveris.com.
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