CAPP CARE and Integrated Pharmaceutical Services sign agreement.RANCHO CORDOVA, Calif.--(HealthWire)--Oct. 30, 1995--CAPP CARE, Inc., a leading national managed healthcare company, and Integrated Pharmaceutical Services (IPS), a full-service pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. company, announced today the signing of an agreement to provide IPS benefit management services to CAPP CARE Rx, a managed pharmacy benefit program. IPS, a full-service pharmacy benefits management company servicing over 7 million lives, specializes in administering pharmacy services and disease management programs. IPS will provide prescription drug card program management, pharmacy network management, claims adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. , drug utilization review drug utilization review Health insurance A study of drug prescriptions to evaluate appropriateness and cost-effectiveness of drug therapy , formulary management, physician education, and mail service to CAPP CARE's customers who have the CAPP CARE Rx program. The CAPP CARE Rx program is a comprehensive managed pharmacy benefit program which helps ensure that patients receive quality pharmaceutical services on a cost effective basis. "CAPP CARE is a very innovative organization which has earned the respect of its customers and the medical community. We are excited about the prospects of bringing our pharmacy benefit management capabilities to CAPP CARE's large and diverse customer base," said Garry Garrison, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of IPS. "IPS brings to CAPP CARE Rx customers the best drug store networks and pricing benefits administration, drug Formulary management and reporting we've found," said Michael E. Henry, CAPP CARE's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are extremely excited about our new partnership with IPS." Integrated Pharmaceutical Services (IPS) is a wholly-owned subsidiary of Foundation Health Corporation, a multi-state managed care organization with headquarters in Rancho Cordova, Calif. Through its HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, and PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there subsidiaries, the Company provides group, individual, Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. coverage for more than 1.1 million individuals. In addition, the Company's subsidiaries operate large-scale government-sponsored managed care programs, offer services related to workers' compensation, behavioral health, dental, vision and prescription drugs, and provide administrative services for medical groups and self-funded benefits programs. CAPP CARE, Inc. is a managed healthcare company offering nationwide managed healthcare networks and utilization management to 320 markets in 41 states. The company currently provides managed healthcare services to more than 3.5 million people nationwide, with networks that include more than 110,000 providers and 8,500 facilities. CAPP CARE has regional offices in Atlanta, Chicago, Houston and Tampa. Corporate headquarters are located in West Tower, 4000 MacArthur Boulevard, Suite 10000, Newport Beach, Calif., 92660-2526. CONTACT: CAPP CARE, Inc. Mike Schotz, 714/251-2200 Ext. 7416 or Integrated Pharmaceutical Services Kevin Nagle, 916/853-8758 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion