COMPPHARMA, LLC
MAGGIE VALLEY, NC

CompPharma, LLC is a consortium established in 2006, based in Maggie Valley, North Carolina. It collaborates with pharmacy benefit managers (PBMs) to address and solve challenges associated with the growing costs of pharmacy within workers’ compensation. Initially representing less than 3% of compensation medical expenses, pharmacy costs have grown significantly, now accounting for nearly 14.5% of these expenditures. This growth has driven CompPharma to develop innovative tools and solutions that enable PBMs to manage these costs effectively. Initially sparked by a group of leaders within the workers’ comp PBM sector led by Joseph Paduda and Helen King Patterson, CompPharma was founded as a platform for sharing resources and strategies among member organizations. Under the leadership of Vice President Helen King Patterson, who is also recognized for her expertise in public relations and managed care consultancy, the organization extends its influence across multiple industries. CompPharma serves the nation's leading payers, managed care organizations, and self-insured employers by providing solutions that drive healthcare savings. Prior to establishing CompPharma, Joseph Paduda held significant positions with various companies specializing in workers' compensation and group disability management, thus bringing a wealth of experience to his role. Although initially incorporated as a business entity based in North Carolina, the company is registered under Florida Models with details including its location filed number L10000052885. While active until 2025 when it underwent voluntary dissolution, CompPharma's contributions have had lasting impacts on cost management within workers’ compensation pharmacy. With contact numbers (813) 690-4787 and (203) 314-2632, CompPharma maintains a digital presence at its website www.comppharma.com.