VSP Global and Essilor Reach Agreement on Formulary

VSP Global

Rancho Cordova, Calif., and Dallas — With a focus on supporting independent optometry, VSP Global® and Essilor have reached an agreement that further promotes choice for doctors and patients while bolstering a competitive marketplace for their collective stakeholders now and in the future.

With this agreement in place, VSP Global will not proceed with changes to its formulary planned for January 1, 2021. After extensive efforts from both companies in what has been a difficult year, the two organizations arrived at a solution that will allow each to further reinvest in programs and services that benefit doctors, patients, and ultimately the industry.  

“By coming together in good faith and seeking common ground, we’re pleased that our organizations have established a positive path forward that benefits our shared stakeholders and the industry we both serve,” said Michelle Skinner, VSP Global Chief Network Officer.

“Because of this agreement, doctors can focus on what is most important to them: patient care. We are all committed to investing in private practice and the choice for doctors to prescribe the lens brands they choose,” said Rick Gadd, President, Essilor North America.

 

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About VSP Global

VSP Global is a doctor-governed company that exists to create value for members and opportunities for VSP network doctors. Our industry-leading businesses include VSP® Vision Care, the only national not-for-profit vision benefits company, which provides access to eye care for nearly 90 million members through a network of over 40,000 doctors worldwide; Marchon® Eyewear Inc., one of the world’s largest designers, manufacturers and distributors of high-quality eyewear and sunwear; VSP Optics, industry leaders in ophthalmic technology and lab services, providing custom lens solutions for the vision and lifestyle needs of patients; Eyefinity®, the industry leader in practice management and electronic health record software; VSP Retail, which focuses on increasing access to eye care and eyewear through multiple channels, and VSP® Ventures, which offers care-focused, customized choices for doctors looking to transition their practice.

About Essilor of America, Inc.

Essilor, the leading manufacturer of optical lenses in the United States, is driven by the company's mission of improving lives by improving sight.  A pioneer in the development and production of ophthalmic lenses, Essilor employs more than 10,000 people throughout North America.  Essilor manufactures optical lenses under the VARILUX®, CRIZAL®, TRANSITIONS®, XPERIO UV, EYEZENand other Essilor brand names. Essilor Laboratories of America, Inc. is the largest and most trusted optical lab network in the U.S. and offers a wide choice of products and services to eyecare professionals across the nation. Essilor of America, Inc. (Essilor) is a subsidiary of Paris-based Essilor International. 

 

 

 

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