Builders Insurance Selects Cypress Care for Workers' Compensation Pharmacy Benefits Manager.

ATLANTA -- Cypress Care, a pioneer in workers' compensation pharmacy benefits management, announces an agreement with Builders Insurance Group of Atlanta, a leading writer of workers' compensation and general liability in the Southeast, to manage their workers' compensation pharmacy benefits.

Confident its services equate to concrete savings for its prospects, Cypress Care performed a three-month pilot program for Builders Insurance. During the first two months, Builders confirm Cypress Care's promise with a significant cost reduction on their total pharmacy spend.

Cypress Care eliminated the need for Builders to handle paper bills and greatly reduced the number of unjustifiable prescriptions relating to workers compensation pharmacy. Builders further found Cypress Care's highly functional and flexible software applications to fit well with its technology/communication strategy.

Cypress Care's customer service also proved to be a major attraction for Builders. "Cypress Care is extremely responsive and makes every effort to return phone calls or e-mail, even when they are not in the office. If there is an issue - and they have been few - Cypress Care is adamant about resolving them quickly," said Linda McMurray, Vice President of Claims at Builders Insurance Group.

Builders' positive experience has led it to entrust Cypress Care with managing not only pharmacy, but also durable medical devices, MRI, physical therapy and home health for workers' compensation. "Builders' selection of Cypress Care validates that our higher utilization, greater compliance and improved processes maximizes pharmacy cost containment," said David Dubrof, Executive Vice President of Sales at Cypress Care. "Builders Insurance has been a great company to work with and we look forward to growing our partnership."

Atlanta-based Cypress Care is a full-service workers' compensation Pharmacy Benefits Manager (PBM) - one of the few PBMs focused exclusively on workers' compensation. With its comprehensive, powerful technology and workers' comp expertise the company has created a new standard in cost containment and customer service. Cypress Care enables adjusters and risk managers to spend less time on pharmacy claims while reducing overall pharmacy expenditures associated with workers' comp. Their customers include some of the largest private/governmental employers and insurance companies in the United States. For more information, please visit www.cypresscare.com.