Anthem, Humana partner with hedge fund on next-gen PBM

Anthem Inc. and Humana Inc. have entered a joint venture with hedge fund and private equity administrator SS&C Technologies Holdings to create DomaniRx, a cloud-based pharmacy benefit manager, reports Healthcare Finance. SS&C Technologies holds an 80.2% interest in the joint venture, while Louisville, Ky.-based Humana and Indianapolis-based Anthem each hold a minority interest. DomaniRx is designed to exchange and process data more swiftly than legacy PBM systems.