California Health Care Coalition Selects Catalyst Rx as its Recommended Pharmacy Benefit Manager to Provide Services to 44 Member Organizations representing 3 million Californians.ROCKVILLE, Md. -- HealthExtras, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HLEX) - announced today that its 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. division, Catalyst Rx was selected by the California Health Care Coalition (CHCC CHCC Cooperative Health Care Clinic CHCC Coalition for Healthier Cities and Communities CHCC Chattahoochee Hills County Club (Georgia) ) for exclusive recommendation of pharmacy benefit management services to its member organizations. CHCC is a membership organization of 44 employers, unions, and health and welfare funds currently representing 3 million Californians. Members of the Coalition are determined to reduce health costs and improve quality without degrading benefits. "We selected Catalyst Rx because it offered our membership full transparency, aggressive pricing, and strong physician and member education programs to help assure quality while managing and reducing trend overtime," stated Sally Covington, Executive Director of CHCC. The terms of the arrangement are subject to final contract execution. "CHCC's selection of Catalyst Rx reflects continued success in our efforts to provide clients with both heightened performance accountability and innovative solutions to managing prescription benefits," said David T. Blair, Chief Executive Officer of HealthExtras. HealthExtras will provide an update on these and other corporate developments in conjunction with its next quarterly conference call scheduled for August 7, 2007. About HealthExtras (www.healthextras.com) HealthExtras, Inc. is a full-service pharmacy management company. Its clients include self-insured employers, including state and local governments, third-party administrators, managed care organizations and individuals. The Company's integrated pharmacy benefit management services marketed under the name Catalyst Rx include: claims processing, benefit design consultation, drug utilization review drug utilization review Health insurance A study of drug prescriptions to evaluate appropriateness and cost-effectiveness of drug therapy , formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. management, drug data analysis services and mail order services. Additionally, the Company operates a national retail pharmacy network with over 59,000 participating pharmacies. This press release may contain forward-looking information. The forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in HealthExtras' filings with the Securities and Exchange Commission. |
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