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Wipro platform to help lower New Yorkers’ medical costs
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Starting in 2025, Wipro’s Medicare Prescription Payment Plan will allow users to make capped monthly payments for out-of-pocket prescription drugs, among other things. Shares of Wipro Ltd ended at ₹457.25, down by ₹5.05, or 1.09%, on the BSE.
Indian IT major Wipro Ltd on Thursday (May 2) said it has been selected by Independent Health, western New York’s only 5-star rated Medicare Advantage Plan, to implement the company’s Medicare Prescription Payment Plan (MPPP360) platform for the upcoming open enrolment period.
Starting in 2025, the Medicare Prescription Payment Plan will allow users to make capped monthly payments for out-of-pocket prescription drugs, among other changes. The new law aims to improve access to affordable treatments and strengthen Medicare.
Wipro’s MPPP360 platform will assist Independent Health in streamlining the payment process to seamlessly integrate these new provisions, simplifying prescription cost management for Medicare recipients in western New York.
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Narayan Iyer, Vice President of Healthcare, Wipro, said, “We are excited to introduce our Medicare Prescription Payment Plan360 platform, better known as MPPP360, to western New York. This project exemplifies our dedication to transforming the Medicare landscape through innovative technology solutions.”
Dawn Odrzywolski, Vice President of Medicare Programs at Independent Health, said, “Independent Health prides itself on being a leading, highly rated, Medicare Advantage plan. With the forthcoming changes to Medicare Part D and the pharmaceutical industry’s continued escalation of prescription drug pricing, we want to make sure our members can afford their medications.”
Shares of Wipro Ltd ended at ₹457.25, down by ₹5.05, or 1.09%, on the BSE.
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