Stephanie F. Cormier
Senior Vice President of Account Management
Mrs. Cormier has over 20 years experience in the health insurance and pharmacy industries. After graduating Spring Hill College, a liberal arts institution in Mobile, Alabama, with dual majors in Business and Communication Arts, she moved to Chicago to seek out a career. While attending the University of Chicago Business School and Roosevelt University Paralegal program, Stephanie unwittingly took a position at a small, local PPO called The Preferred Plan. The Preferred Plan grew to be 13th largest PPO in the US, offering full PPO, EPO and private label programs for medical, workers’ compensation and case management firms. This five year tenure proved to be the start of a long career in the health insurance industry.
Wanting to understand more about risk, underwriting and actuarial work, Stephanie moved to Houston, Texas and took a position as Vice President of Manage Care Development at Philadelphia American Life. Challenged to contain costs not only for their own fully insured business but scores of self-funded clients as well, PALICO employed traditional managed care elements but focused on “Provider Sponsored Health Plans” – private label, shared risk, fully managed plans. The plans were successful in smaller markets and some survive today.
Due to the acquisition of PALICO, Mrs. Cormier moved to American National Insurance Company in Galveston, Texas. Again, overseeing all managed care activity and the development of highly specialized plans to control health care costs. After the dissolution of the small group health business, she went into contracting specifically for organ transplant and oncology services.
Ready to explore new territory, Stephanie moved into the specialty pharmacy arena for three years. As Director of National Accounts at CuraScript, Stephanie worked with clients such as Aetna, United Healthcare, Oxford Health Plan, HIP Health Plan not only to implement specialty pharmacy contracts internally to the client but also implement externally as well. All clients chose to automate the claims process by moving medical benefit drugs to the PBM processing system or clearinghouse. For the last half of her tenure, she focused on developing the oncology drug replacement program which sets the industry standard today.
As a result of firsthand experience, Stephanie decided to move into pharmacy benefit management and specialty pharmacy consulting. Recognizing that most clients do not have access to resources to understand the intricacies of the processing component or the ability to assess and monitor their success throughout the term of the relationship, she accepted a position as Vice President, Account Management with ARMSRx, Inc.