Reybold Joins APCI Team to Fight PBM Abuses | Financial Buzz

Reybold Joins APCI Team to Fight PBM Abuses

American Pharmacy Cooperative, Inc. (APCI) announces Greg Reybold as Director of Healthcare Policy and General Counsel effective September 1, 2021. In his new position, Mr. Reybold will work with the APCI legislative team to develop healthcare policy at both the state and federal levels as well as manage the co-op’s legal strategy.

Mr. Reybold is a veteran healthcare attorney, government affairs professional, and litigator with an expertise in combating abusive pharmacy benefit manager (PBM) practices through legislative and regulatory processes. Prior to joining APCI, Mr. Reybold served as General Counsel and Vice President of Public Policy for the Georgia Pharmacy Association (GPhA).

“Greg Reybold has a strong history of developing legislation to monitor and regulate PBMs, and getting that legislation enacted into law,” said Tim Hamrick, APCI Chief Executive Officer. “He has done a fantastic job for patients and community pharmacy during his time with the Georgia Pharmacy Association, and we are proud and extremely fortunate to have Greg join the APCI team. We look forward to continuing his work and expand PBM regulation in state legislatures across the country and in Congress.”

“I couldn’t be more excited to be joining the APCI team and taking up the fight to fix a broken prescription drug system,” Mr. Reybold said.

“Greg Reybold has one of the best legal and regulatory minds in the entire prescription drug supply chain,” said Antonio Ciaccia, President of consulting firm 3 Axis Advisors, who is known throughout the industry for his work on drug pricing. “His wisdom, expertise, and relentless drive for correcting a broken drug distribution system make him a perfect asset to APCI and the pharmacy community at large. He’s the right guy at the right time and will be perfectly positioned to drive further disruption in the industry on day one and beyond.”

Mr. Reybold is also a recognized expert and speaker on PBM issues and has consulted and advised several state and national organizations on PBM legislation, and has been a featured speaker at conferences and on podcasts.

APCI is a member-owned cooperative of more than 1,800 member pharmacies in 26 states. Established in 1984 and headquartered in Bessemer, Ala., APCI’s mission is to protect and promote the interests of independent pharmacy. APCI enables its member pharmacies to improve their positions in a competitive marketplace with an extensive offering of exceptional services and comprehensive programs.

Contacts

David Davis, (205) 365-9868

david@csg-us.com

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