Mindi Fynke is the President and CEO of EHIM, Inc. She founded the organization in 1987 and has since driven the business to exponential growth. The core of EHIM’s business model has earned Ms. Fynke national notoriety as the only Pharmacy Benefit Manager (PBM) in the country to never have accepted a single rebate from pharmaceutical companies. As a certified WBENC woman-owned business and member of the Women’s Business Enterprise, Ms. Fynke has built EHIM, Inc. into one of the 25 largest Pharmacy Benefit Managers in the country, servicing over two and a half million people. In 2006, she was nominated as an Ernst & Young “Entrepreneur of the Year” and in 2008 she was recognized as an Ernst & Young “Entrepreneur of the Year” finalist as well as Corp! Magazine’s “Entrepreneur of Distinction.” Most recently, Ms. Fynke won Ernst & Young’s “Entrepreneur of the Year” award for 2010.
With Ms. Fynke’s oversight, EHIM has pioneered programs that improve employee benefits while not increasing the cost to the member. Rather than the typical method of raising “out-of-pocket” costs to save money, EHIM has created unique programs that create a scenario where both member and employer can save. Her hands-on approach to healthcare has allowed EHIM to maintain an over 95% client retention rate and continuous double-digit growth every year for the last 10 years.
In addition to the group health sector she services, Ms. Fynke has developed multiple custom pharmacy programs over the years for the National Guard, NOAA Wage Marines, and the Veterans Administration (VA) along with pharmacy services for municipalities, school districts, local and regional government entities. Moreover, the technology platform EHIM has developed under Ms. Fynke’s leadership has allowed her organization to be actively involved in the creation and support of pharmacy programs for the public sector. Currently, EHIM owns a pharmacy network comprising of over 64,000 pharmacies nationally.
As a participating member of an advisory board to Blue Cross Blue Shield of Michigan and a pioneer of the value-based insurance design, Ms. Fynke continues to set the industry standard for pharmacy management while many of her best practices have been adopted by the nation’s leading insurance carriers and managed care organizations.
Ms. Fynke was instrumental in the development of a Hurricane Relief prescription drug program for the Veteran’s Administration beneficiaries. She is a founding trustee of the Jewish Women’s Foundation of Metropolitan Detroit, as well as an avid donor to JARC, the National Kidney Foundation, Hospice of Michigan, the Children’s Hospital of Michigan and other foundations that strive to enhance the quality of life for individuals with mental and physical disabilities. Most recently, Ms. Fynke was asked to be an advisory board member for PS2, a Heinz Family Philanthropies program dedicated to providing quality and affordable healthcare to the uninsured.