02/09/2014 09:48:32 Free Membership Login

Catamaran Corporation's Employer Group Waiver Plan (EGWP) Receives Five-Star Rating From Centers for Medicare & Medicaid Serv...

Date : 11/15/2012 @ 11:00PM
Source : PR Newswire (US)
Stock : Catamaran Corp. (MM) (CTRX)
Quote : 47.07  0.04 (0.09%) @ 5:40AM
Cotherix share price Chart

Catamaran Corporation's Employer Group Waiver Plan (EGWP) Receives Five-Star Rating From Centers for Medicare & Medicaid Serv...

Cotherix (NASDAQ:CTRX)
Historical Stock Chart

2 Years : From Sep 2012 to Sep 2014

Click Here for more Cotherix Charts.
Catamaran Corporation's Employer Group Waiver Plan (EGWP) Receives Five-Star Rating From Centers for Medicare & Medicaid Services

Rating Recognizes Catamaran's Commitment to Quality and Operational Measures

LISLE, Ill, Nov. 15, 2012 /PRNewswire/ - Catamaran Corp. (NASDAQ: CTRX, TSX: CCT), a leading provider of technology and pharmacy benefit management (PBM) services, announced today that Catamaran's Employer Group Waiver Plan (EGWP), operated by its subsidiary Catamaran Insurance of Ohio, Inc., has received a 5-star rating from the Centers for Medicare & Medicaid Services (CMS) as part of the agency's 2013 plan Star ratings.  The ratings measure the quality of Medicare Advantage and Prescription Drug Plan functions such as clinical care, plan member satisfaction, and customer service. Ratings are assessed each year and may change from year to year.

"Catamaran is committed to leveraging its resources, skill and scale to offer the best possible service to Medicare patients," said Mark Thierer, Chairman and Chief Executive Officer of Catamaran. "As the nation focuses on solving the healthcare crisis by reducing costs and improving health in all communities, we view our role in continuously improving service delivery and outcomes in the Medicare arena as absolutely critical to this mission."

Each year, CMS conducts a comprehensive review of the measures that make up the plan ratings. The 5-star rating is the highest score a plan can receive and is an adjusted average of many underlying individual measures such as call center performance, drug plan quality improvement, and patient safety. Obtaining the highest score requires that the organization performs exceptionally well in the majority of areas evaluated by CMS, particularly in the area of patient safety.

"Catamaran is charting a new course to deliver personalized solutions that produce the desired outcomes for Medicare beneficiaries," said Sumit Dutta, Senior Vice President and Chief Medical Officer of Catamaran. "Receiving a score of 5 across the board for patient safety measures is a tremendous honor and recognition of our ongoing efforts to redefine the standards for pharmacy benefit management."

About Catamaran
Catamaran, the industry's fastest-growing pharmacy benefit manager, helps organizations and the communities they serve take control of prescription drug costs. Managing more than 250 million prescriptions each year on behalf of 25 million members, our flexible, holistic solutions improve patient care and empower individuals to take charge of their health. Processing one in every five prescription claims in the U.S., Catamaran's skill and scale deliver compelling financial results and sustainable improvement in the overall health of members. Catamaran is headquartered in Lisle, Ill. with multiple locations in the U.S. and Canada. For more information, please visit www.catamaranRx.com.

SOURCE Catamaran

Copyright 2012 PR Newswire



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 in 140902 09:48