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