Progressive Medical Inc. and PMSI Inc., two workers compensation pharmacy benefit managers that merged in October, will begin operating under the name Helios in August, according to a statement issued Tuesday. Helios is based in Memphis, Tennessee, and employs more than 1,400 workers nationwide, including at Progressive Medical’s Westerville, Ohio, location, PMSI’s Tampa, Florida, office and offices in Salt Lake City and Price, Utah, according to the Helios website. The rebranding will be fully effective Aug. 18.
“Our new name is the outcome of a thorough and deliberate process that involved a great deal of research,” the company said in a statement posted online. “We considered a large number of concepts and in the end, selected Helios for its strong representation of our brand, the vigor in which we operate, and overall positive disposition.”
“While our name and look are changing, our commitment to doing what’s right is unchanged,” said Tommy Young, Co-CEO. “We will continue to provide exceptional service, proactively share intelligence with our clients to ensure they have the best information to manage their businesses, and deliver innovative solutions to effectively drive down costs and improve both clinical and financial outcomes.”
The name was chosen because it embodies the vision, values, and personality of the organization and captures the legacies of the two companies, according to H. Barry Jarnigan, Chief Marketing Officer. “Helios captures the energy, strength, reliability, and consistency of our company as well as our passion and dedication for providing exceptional, accountable service.”
Helios will be a new name in the workers’ compensation and auto no-fault markets; however, it will be built upon Progressive Medical and PMSI’s legacy of innovative products and exceptional service. Along with the name, the company will unveil a new logomark at the Workers’ Compensation Institute’s annual conference beginning August 18.