Healthextras (NASDAQ:HLEX)
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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.