Catalyst Rx and AvMed Health Plans Enter into Pharmacy Services Agreement
01 August 2008 - 11:13PM
Business Wire
Catalyst Rx, the pharmacy benefit management subsidiary of
HealthExtras, Inc. (NASDAQ:HLEX), announced today that it was
selected by AvMed Health Plans (AvMed) to provide pharmacy benefit
management services. Catalyst Rx successfully implemented AvMed�s
220,000 commercial lives and 20,000 Medicare lives effective July
1, 2008. AvMed provides access to health care coverage for large
and small employer groups in Florida, in addition to Medicare in
Miami-Dade and Broward counties. �Catalyst Rx�s commitment to
provide a fully transparent, pass-through model, a local dedicated
account management and clinical team, along with their reputation
for exceptional service should prove of value to our clients and
their members,� said Shawn F. Barger, Pharm.D., Director of
Pharmacy of AvMed. �We believe this new structure aligns AvMed to
more effectively manage the pharmacy benefits of our most important
asset � our clients and members.� "Clearly, we are pleased to be
working with AvMed,� said David T. Blair, Chief Executive Officer
of HealthExtras. "Servicing AvMed out of a Center of Excellence in
Gainesville, Florida will allow us to work collaboratively to meet
the customized needs of AvMed, its clients and their members. Among
various initiatives, our new agreement will expand local physician
and member education efforts, enhance member education tools and
heighten focus on initiatives that drive care- and cost-effective
solutions.� About HealthExtras (www.healthextras.com) HealthExtras,
Inc. is a full-service pharmacy management company. Its clients
include self-insured employers, including state and local
governments, third-party administrators, managed care organizations
and individuals. The Company's integrated pharmacy benefit
management services marketed under the name Catalyst Rx include:
claims processing, benefit design consultation, drug utilization
review, formulary management, drug data analysis services, and mail
service and specialty services. Additionally, the Company operates
a national retail pharmacy network with more than 60,000
participating pharmacies. About AvMed Health Plans (www.avmed.org)
AvMed Health Plans has been serving Floridians for more than 35
years. AvMed provides access to health care coverage for large and
small employer groups around the state, in addition to Medicare in
Miami-Dade and Broward counties. AvMed prides itself on providing
members and clients highly personalized service with all of the
advantages of a nationally competitive health plan. AvMed has
offices in Miami, Fort Lauderdale, Orlando, Tampa, Gainesville and
Jacksonville. For more information, visit www.avmed.org. This press
release may contain forward-looking information. The
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Act of 1995.
Forward-looking statements may be significantly impacted by certain
risks and uncertainties described in HealthExtras' filings with the
Securities and Exchange Commission.
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