Truveris (pronounced "tru-VER-is") is a venture-backed, privately-held, healthcare information technology company that provides pharmacy bill review software as a service. The company was founded in 2009, and its technology reviews prescription claims for cost accuracy. Organizations that use this service include government entities, health care companies, unions, and self-insured corporations. The name "Truveris" comes from former U.S. president Ronald Reagan's signature phrase "Trust, but verify" to indicate that, while the pharmacy industry has always been based on trust, it is important to also verify the accuracy of pharmacy bills.
Truveris is based in New York, NY, USA and was funded by GSA Venture Partners (now known as Tribeca Venture Partners), New Atlantic Ventures, and First Round Capital through a $3.8 million Series A round of venture funding.
History
In 2009, Truveris was established because the founders saw inefficiencies within the pharmacy benefit industry. Of the $12 billion in prescription claims invoiced by in the U.S. every two weeks, none are checked for cost accuracy by the benefit providers. The goal of Truveris was to develop technology to re-adjudicate each prescription claim invoiced by the PBMs. In the fall of 2009, Truveris developed an analysis engine capable of individually reviewing each prescription claim to ensure the PBM contract parameters and pricing schedules were properly enforced.<ref name="bw" />
In 2010, Truveris secured venture funding from GSA Venture Partners (now known as Tribeca Venture Partners), New Atlantic Ventures, and First Round Capital in a $3.8 million oversubscribed round.<ref name="bw" />
In 2011, Truveris launches a new platform for concurrent bill review services.
On October 6, 2011, Truveris named Bryan Birch Chairman, President, and CEO.
Products
Truveris has two products - TruBid and TruGuard. TruBid is an automated pharmacy RFP platform that leverages a reverse bidding auction to simplify the process. TruGuard is a pharmacy bill review technology that the company offers as a web-based service to review prescription claim bills to validate cost accuracy, manage pharmacy benefit spend, and ensure compliance.
Prior to 2011, Truveris offered its bill review services on a retrospective basis to audit prior pharmacy bills. Starting in January 2011, the company began providing concurrent bill review services to allow pharmacy benefit payers to review their pharmacy bills prior to paying their PBMs.
Leadership
Truveris was co-founded by AJ Loiacono and Leon Greene in 2009 and in October 2011 Bryan Birch joined Truveris as Chairman, President, and CEO.
Prior to Truveris, Bryan Birch was chairman, president, and CEO of at Touchstone Health Plans, where he was responsible for the Medicare Advantage Heath Plan operating in 11 New York State counties. Before Touchstone, Birch was with Medco Health Solutions, where he served on Medco’s executive committee and assisted in the successful spin-off of Medco from Merck, and at Empire Blue Cross Blue Shield where he was the senior vice president and chief sales officer. Prior to Empire Blue Cross Blue Shield, Birch co-founded iHealth Technologies, which helps reduce medical expenses and ensures physician claims are paid accurately. Earlier in his career, Birch was the CEO of Oxford Health Plans’ Connecticut Division, which is now part of UnitedHealthcare.
A.J. Loiacono is in charge of sales and marketing at Truveris. Prior to Truveris, Loiacono was a SVP and Partner with SMS, a software development firm specializing in software-as-a-service (SaaS). Loiacono also served as the President of Victrix LLC, an information technology company providing support and implementation services for enterprise resource planning (ERP) systems and has a decade of financial industry experience.
Leon Greene runs Truveris product management, business operations, and service delivery. Prior to Truveris, Greene served as VP Administration at Century 21 Real Estate LLC, a global franchisor of Real Estate Brokerages. Prior to CENTURY 21, Leon led customer care for international ISP Globix Corporation including all support operations, administration, and IT program management.
Honors and Recognition
In October 2011, Truveris was selected as a presenter at the NYVCA Ingenuity Conference.
Truveris is based in New York, NY, USA and was funded by GSA Venture Partners (now known as Tribeca Venture Partners), New Atlantic Ventures, and First Round Capital through a $3.8 million Series A round of venture funding.
History
In 2009, Truveris was established because the founders saw inefficiencies within the pharmacy benefit industry. Of the $12 billion in prescription claims invoiced by in the U.S. every two weeks, none are checked for cost accuracy by the benefit providers. The goal of Truveris was to develop technology to re-adjudicate each prescription claim invoiced by the PBMs. In the fall of 2009, Truveris developed an analysis engine capable of individually reviewing each prescription claim to ensure the PBM contract parameters and pricing schedules were properly enforced.<ref name="bw" />
In 2010, Truveris secured venture funding from GSA Venture Partners (now known as Tribeca Venture Partners), New Atlantic Ventures, and First Round Capital in a $3.8 million oversubscribed round.<ref name="bw" />
In 2011, Truveris launches a new platform for concurrent bill review services.
On October 6, 2011, Truveris named Bryan Birch Chairman, President, and CEO.
Products
Truveris has two products - TruBid and TruGuard. TruBid is an automated pharmacy RFP platform that leverages a reverse bidding auction to simplify the process. TruGuard is a pharmacy bill review technology that the company offers as a web-based service to review prescription claim bills to validate cost accuracy, manage pharmacy benefit spend, and ensure compliance.
Prior to 2011, Truveris offered its bill review services on a retrospective basis to audit prior pharmacy bills. Starting in January 2011, the company began providing concurrent bill review services to allow pharmacy benefit payers to review their pharmacy bills prior to paying their PBMs.
Leadership
Truveris was co-founded by AJ Loiacono and Leon Greene in 2009 and in October 2011 Bryan Birch joined Truveris as Chairman, President, and CEO.
Prior to Truveris, Bryan Birch was chairman, president, and CEO of at Touchstone Health Plans, where he was responsible for the Medicare Advantage Heath Plan operating in 11 New York State counties. Before Touchstone, Birch was with Medco Health Solutions, where he served on Medco’s executive committee and assisted in the successful spin-off of Medco from Merck, and at Empire Blue Cross Blue Shield where he was the senior vice president and chief sales officer. Prior to Empire Blue Cross Blue Shield, Birch co-founded iHealth Technologies, which helps reduce medical expenses and ensures physician claims are paid accurately. Earlier in his career, Birch was the CEO of Oxford Health Plans’ Connecticut Division, which is now part of UnitedHealthcare.
A.J. Loiacono is in charge of sales and marketing at Truveris. Prior to Truveris, Loiacono was a SVP and Partner with SMS, a software development firm specializing in software-as-a-service (SaaS). Loiacono also served as the President of Victrix LLC, an information technology company providing support and implementation services for enterprise resource planning (ERP) systems and has a decade of financial industry experience.
Leon Greene runs Truveris product management, business operations, and service delivery. Prior to Truveris, Greene served as VP Administration at Century 21 Real Estate LLC, a global franchisor of Real Estate Brokerages. Prior to CENTURY 21, Leon led customer care for international ISP Globix Corporation including all support operations, administration, and IT program management.
Honors and Recognition
In October 2011, Truveris was selected as a presenter at the NYVCA Ingenuity Conference.
Leray Arlo Jackson is an Afro-American Music Artist/Producer, Filmmaker, Amateur Skateboarder and Conception Artist from Chicago.
Biography
Arlo, an independent music producer who founded Trailblazer MPC Worldwide in 2004 shortly after he began writing and producing music for himself and other recording artists. Arlo has earned his celebrated reputation in Chicago producing original compositions with local and national recording artists, including GRAMMY winners like John Legend, Kanye West, GLC, and Three 6 mafia. He is also known for his courageous actions concerning the film, fashion and skateboarding worlds.
His forthcoming musical project entitled "Lawndale" is a dedication to his youth. As a product of Chicago's Greater Westside, Arlo’s new songs shed light on not only his neighborhood, but his soul and culture. Rising from the same streets of the 1968 Chicago Riots, Arlo hopes to inspire others to not only relate and understand his plight, but overcome them.
Early life
Growing up Arlo's mother did not allow him to listen to hip hop, instead he was a fan of Parliament, Lionel Ritchie, Junior Walker and the all-stars, and even the Five heartbeats. Even though the five heartbeats was just a movie, the songs and the storyline of the film played an great deal in Arlo's young life. As a child he often crafted 3D gymshoes from paper, simply because he was mischievous and felt he was in no position to demand name brand clothing (i.e. Jordans, Nikes, and Pelle Pelle).
Highschool is where Arlo found his passion for creating but interesting enough he never successfully passed music. At age 15, Arlo lead a school based entrepreneur group to win a national entrepreneur award, this later aided his strive to become a professional music producer.
Music career
Although Arlo began producing for fun in the summer of 2002, he didn't consider himself a professional music producer until he began to produce and market his company online during the "Digital Renaissance, 2004-08"
Also during that time he released (three) musical compilations, (one) full featured DVD, and (one) instrumental album under the assumed name Trailblazer MPC.
In 2008, Arlo had the pleasure of working with Crunchy Black of Three Six Mafia. when asked about the release of the project Arlo was quoted saying "the music is all there but... you know.."
suggesting that he was frustrated with music industry politics as usual. That same year G.O.O.D Music began laying foundation on GLC's project,
He released his debut album entitled Love, Life, and Loyalty on October 12, 2010.but the album almost didn't make it to store because of label complications.
This motivated Arlo to spearhead his own campaign, he called it "the Free Crack Give-Away".
During the upstart of the "Digital Renaissance, 2004-08" Arlo had begun the initial "Free Crack Give-Away" online, but 2008 proved to be the hump year. so he decided to take his then Instrumental Album (Readi Roc: Coloring books for the bloc) register the soundscan and BDS info and give them to record stores and local performing artist in exchange for their moral support.
In the mid-west and particularly Chicago, Arlo and the Trailblazer MPC are Known for their Mixtape Franchise "Ipod White" Readi Roc: Coloring Books for the Bloc was released in 2008 as a Instrument album dedicated to the Consumer, the entire project was formatted with hooks and bars open so the consumer could utilize the album as their own art and express themselves as professionals in a professional manner. This was a cutting edge project at the time, some present day artist still reference the musical compositions crafted for the album.
Discography
Studio albums
iPod White The Free Crack Give-Away (2007)
* Compilation was produced entirely by the members of the Trailblazer MPC, featuring songs from Arlo and other members of the Trailblazerz. Tracks from this project we're featured on various websites.
iPod White 2 the DVD Edition (2008)
* Featured notable songs from Shawnna, young berg, and GLC. Production was done entirely by Trailblazer MPC, This Project also featured a one hour electronic bio which was composed of trailblazer music videos, behind the scenes footage, and a summary of the staff of the Trailblazer MPC.
Readi Roc: Coloring Books for the Bloc (2008)
* this was a instrumental album. there were no collaborations but the project did receive critical acclaim on various hip hop sites.
iPod White 3 Digital Renaissance (2009)
* Entirely produced by the Trailblazer MPC, this project featured interactive content and free downloads.
Red, White, and Blow (2009)
* showcased Trailblazer MPC artist "ELO" in his first street release. this release featured shawnna, young berg, Cap 1, and featured Production from No I.d.
Freakier Than Life (2009)
* sexually themed music produced entirely by Trailblazer MPC as a collaboration with local Chicago artist to attract national attention in the hip hop arena.
Lawndale (Unreleased)
Singles
"August"-did not chart
Biography
Arlo, an independent music producer who founded Trailblazer MPC Worldwide in 2004 shortly after he began writing and producing music for himself and other recording artists. Arlo has earned his celebrated reputation in Chicago producing original compositions with local and national recording artists, including GRAMMY winners like John Legend, Kanye West, GLC, and Three 6 mafia. He is also known for his courageous actions concerning the film, fashion and skateboarding worlds.
His forthcoming musical project entitled "Lawndale" is a dedication to his youth. As a product of Chicago's Greater Westside, Arlo’s new songs shed light on not only his neighborhood, but his soul and culture. Rising from the same streets of the 1968 Chicago Riots, Arlo hopes to inspire others to not only relate and understand his plight, but overcome them.
Early life
Growing up Arlo's mother did not allow him to listen to hip hop, instead he was a fan of Parliament, Lionel Ritchie, Junior Walker and the all-stars, and even the Five heartbeats. Even though the five heartbeats was just a movie, the songs and the storyline of the film played an great deal in Arlo's young life. As a child he often crafted 3D gymshoes from paper, simply because he was mischievous and felt he was in no position to demand name brand clothing (i.e. Jordans, Nikes, and Pelle Pelle).
Highschool is where Arlo found his passion for creating but interesting enough he never successfully passed music. At age 15, Arlo lead a school based entrepreneur group to win a national entrepreneur award, this later aided his strive to become a professional music producer.
Music career
Although Arlo began producing for fun in the summer of 2002, he didn't consider himself a professional music producer until he began to produce and market his company online during the "Digital Renaissance, 2004-08"
Also during that time he released (three) musical compilations, (one) full featured DVD, and (one) instrumental album under the assumed name Trailblazer MPC.
In 2008, Arlo had the pleasure of working with Crunchy Black of Three Six Mafia. when asked about the release of the project Arlo was quoted saying "the music is all there but... you know.."
suggesting that he was frustrated with music industry politics as usual. That same year G.O.O.D Music began laying foundation on GLC's project,
He released his debut album entitled Love, Life, and Loyalty on October 12, 2010.but the album almost didn't make it to store because of label complications.
This motivated Arlo to spearhead his own campaign, he called it "the Free Crack Give-Away".
During the upstart of the "Digital Renaissance, 2004-08" Arlo had begun the initial "Free Crack Give-Away" online, but 2008 proved to be the hump year. so he decided to take his then Instrumental Album (Readi Roc: Coloring books for the bloc) register the soundscan and BDS info and give them to record stores and local performing artist in exchange for their moral support.
In the mid-west and particularly Chicago, Arlo and the Trailblazer MPC are Known for their Mixtape Franchise "Ipod White" Readi Roc: Coloring Books for the Bloc was released in 2008 as a Instrument album dedicated to the Consumer, the entire project was formatted with hooks and bars open so the consumer could utilize the album as their own art and express themselves as professionals in a professional manner. This was a cutting edge project at the time, some present day artist still reference the musical compositions crafted for the album.
Discography
Studio albums
iPod White The Free Crack Give-Away (2007)
* Compilation was produced entirely by the members of the Trailblazer MPC, featuring songs from Arlo and other members of the Trailblazerz. Tracks from this project we're featured on various websites.
iPod White 2 the DVD Edition (2008)
* Featured notable songs from Shawnna, young berg, and GLC. Production was done entirely by Trailblazer MPC, This Project also featured a one hour electronic bio which was composed of trailblazer music videos, behind the scenes footage, and a summary of the staff of the Trailblazer MPC.
Readi Roc: Coloring Books for the Bloc (2008)
* this was a instrumental album. there were no collaborations but the project did receive critical acclaim on various hip hop sites.
iPod White 3 Digital Renaissance (2009)
* Entirely produced by the Trailblazer MPC, this project featured interactive content and free downloads.
Red, White, and Blow (2009)
* showcased Trailblazer MPC artist "ELO" in his first street release. this release featured shawnna, young berg, Cap 1, and featured Production from No I.d.
Freakier Than Life (2009)
* sexually themed music produced entirely by Trailblazer MPC as a collaboration with local Chicago artist to attract national attention in the hip hop arena.
Lawndale (Unreleased)
Singles
"August"-did not chart
Yemi D. Ogunyemi (pen name Yemi D. Prince) is a Nigerian writer, punster, philosopher, and founder of the Institute of Yoruba/African Narrative Philosophies.
How to Be Indie: The Movie is the movie adaption of the YTV series How to be Indie. It will be released on DVD on May 8, 2012 and will premiere on YTV in Summer 2012.
The movie premiere has already taken place in Toronto. Aly Suleman a Canadian Actor will be playing as a main character, according to YTV's website.
DVD release
The DVD will be released on May 8, 2012. It will have special features including a never-before seen episode of How to be Indie and Melinda Shankar music video.
TV release
It will premiere on YTV in Summer 2012 as part of 'Indiependent Summer'.
Guest Stars
Rumoured to be guest starring is Vanessa Hudgens, Nicki Minaj, Jack Black, Rick Nash and Steve Nash.
The movie premiere has already taken place in Toronto. Aly Suleman a Canadian Actor will be playing as a main character, according to YTV's website.
DVD release
The DVD will be released on May 8, 2012. It will have special features including a never-before seen episode of How to be Indie and Melinda Shankar music video.
TV release
It will premiere on YTV in Summer 2012 as part of 'Indiependent Summer'.
Guest Stars
Rumoured to be guest starring is Vanessa Hudgens, Nicki Minaj, Jack Black, Rick Nash and Steve Nash.