AdvancePCS Appoints New Chief Financial Officer.

Health/Medical Writers

IRVING, Texas--(BW HealthWire)--May 1, 2002

AdvancePCS (Nasdaq: ADVP), the nation's leading health improvement company, Wednesday announced the appointment of Yon Yoon Jorden to the position of executive vice president and chief financial officer.

David D. Halbert, chairman and chief executive officer, appointed Jorden to oversee all aspects of the company's financial operations, including planning, reporting, and treasury functions.

Danny Phillips, AdvancePCS executive vice president and former CFO, has been appointed executive vice president of corporate development. In this position, Phillips will lead the company's efforts in identifying and developing strategic business opportunities, and oversee merger and acquisition activities focused on value creation.

"I am pleased to have Yon join AdvancePCS, and I am confident she will make a significant contribution toward our continued growth and success," said Halbert. "We're delighted to have found such a highly qualified individual to take on this critical assignment."

Jorden comes to AdvancePCS with a wealth of experience and industry knowledge, including nearly 20 years in senior-level, health care-related financial management positions. While she was executive vice president and CFO at Oxford Health Plans, Jorden introduced numerous innovations and efficiencies to the company's financial operations and engineered financial and operational turnarounds.

As senior vice president and CFO at WellPoint Health Networks and Blue Cross of California, Jorden completed a $3 billion recapitalization and for-profit conversion of Blue Cross to a publicly held managed health care organization, and directed all financial aspects of the WellPoint initial public offering.

Jorden earned a bachelor of science degree with honors in accounting at California State University, Los Angeles, and is a certified public accountant. She is located at AdvancePCS headquarters in Irving and reports directly to David D. Halbert.

About AdvancePCS

AdvancePCS (www.advancepcs.com) is the nation's largest independent provider of health improvement services, touching the lives of more than 75 million health plan members and managing more than $27 billion in annual prescription drug spending.

AdvancePCS offers health plans a wide range of health improvement products and services designed to improve the quality of care delivered to health plan members and manage costs.

The company's capabilities include integrated mail service and retail pharmacy networks, innovative clinical services, customized disease management programs, specialty pharmacy, clinical trials and outcomes research, information management, prescription drug services for the uninsured, and online health information for consumers.

AdvancePCS clients include Blue Cross and Blue Shield organizations, insurance companies and HMOs, Fortune 500 employers, Taft-Hartley groups, state and local governments, and other health plan sponsors.

AdvancePCS is ranked by Fortune magazine as one of America's 100 fastest-growing public companies and is included on the Forbes Platinum 400 list of best big companies. AdvancePCS earned the No. 2 spot on the Barron's 500 list of best performing companies.

Forward-Looking Statements

Any statements included in this press release that are not historical facts and that concern predictions of economic performance and management's plans and objectives constitute forward-looking statements under the safe harbor provision of the Private Securities Litigation Reform Act of 1995.

These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. We do not undertake any obligation to provide updates to such forward-looking statements.

Factors that would cause or contribute to such differences include, but are not limited to, changes in the health care industry or the economy in general, competition, acquisitions, changes in the legislative or regulatory environment, and other factors detailed in AdvancePCS' Securities and Exchange Commission filings.