Catamaran Corporation's Employer Group Waiver Plan (EGWP) Receives Five-Star Rating From Centers for Medicare & Medicaid Services
Historical Stock Chart
5 Years : From May 2011 to May 2016
Rating Recognizes Catamaran's Commitment to Quality and Operational
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."
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.