Network will help reduce overall drug claim costs
TORONTO, July 15, 2014 /CNW/ - Announced today, Sun Life Assurance
Company of Canada (Sun Life) is entering into a strategic business
relationship with McKesson Canada, a leader in delivering vital
medicines, supplies and information technologies, to launch the Sun
Life Preferred Pharmacy Network.
Comprised of over 1,500 pharmacies across Canada, outside Quebec, this
network will help employers and their employees manage
the increasing claim costs of specialty medications. Sun Life plan
members will benefit from reduced overall claim costs on specialty
drugs and have access to medication counselling, home delivery of
prescriptions and chronic disease management programs, such as those
focused on diabetes, where available.
"As the leading insurance provider of group benefits, employers are
turning to Sun Life to help manage the rising costs of their employee
benefits plans and maintain the value of their plan," said Stuart
Monteith, Senior Vice-President, Group Benefits, Sun Life Financial
Canada. "Through this strategic business relationship with McKesson
Canada, we are able to help employers sustain their drug plans."
The Sun Life Preferred Pharmacy Network will be available to employees
who are covered under a Sun Life benefits plan and use their pay direct
drug card to purchase specialty medications. These are drugs that can
treat select conditions such as cancer, rheumatoid arthritis and
"We are pleased to work with Sun Life to offer enhanced value with this
innovative pharmacy network," said Alain Champagne, President, McKesson
Canada. "We have always believed that patients are best served in their
communities by the professional care most accessible to them: their
pharmacist. Our company services the largest number of pharmacies in
Canada, through which Sun Life has established its preferred pharmacy
network. Sun Life plan members can access their specialty medication
through the network while benefitting from numerous health-related
services that can have a positive impact on their overall health and
Plan members will have access to a dedicated website and telephone line
to find a participating pharmacy in their community that carries their
medication and learn more about the additional services offered through
McKesson Canada and the participating pharmacies.
"The Sun Life Preferred Pharmacy Network creates a unique opportunity to
build on the value pharmacists can bring in delivering personalized
client-centered services," said Mark Rolnick, Assistant Vice-President,
Product Development, Group Benefits, Sun Life Financial Canada. "When
our customers visit a participating pharmacy, they will be helped by
experienced pharmacists who can provide support to manage chronic
diseases and improve their overall health."
About Sun Life Financial
Sun Life Assurance Company of Canada is a wholly owned subsidiary of Sun
Life Financial Inc. and is a member of the Sun Life Financial group of
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. Sun Life
Financial and its partners have operations in key markets worldwide,
including Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines, Japan, Indonesia, India, China, Australia,
Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2014 the Sun
Life Financial group of companies had total assets under management of
$671 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
About McKesson Canada
Founded more than 100 years ago, McKesson Canada is dedicated to
delivering vital medicines, supplies and information technologies that
enable the health care industry to provide patients with better, safer
care. The company's solutions empower pharmacies, manufacturers,
hospitals and other health care institutions by enabling them to get
closer to the millions of patients they serve every single day, while
contributing to the quality and safety of care in Canada.
Note to Editors: All figures in Canadian dollars.
SOURCE: Sun Life Financial Canada
For further information:
Sun Life Financial