Rating Recognizes Catamaran's Commitment to Quality and Operational Measures
SCHAUMBURG, IL, Nov. 26, 2013 /PRNewswire/ - Catamaran Corp. (NASDAQ: CTRX, TSX: CCT), a leading provider of technology and pharmacy benefit management (PBM) services, announced today that its Employer Group Waiver Plan (EGWP) has received a 5-star rating from the Centers for Medicare & Medicaid Services (CMS) for the second consecutive year. The ratings measure the quality of Medicare Advantage and Prescription Drug Plan functions such as clinical care, plan member satisfaction, customer service and patient outcomes.
"At Catamaran, we are dedicated to delivering personalized care with the best possible solutions and service to Medicare patients," said Sumit Dutta, Senior Vice President and Chief Medical Officer, Catamaran. "It's an honor to receive this 5-star rating from CMS in recognition of our ongoing efforts to raise the bar for pharmacy benefit management and continuously improve service delivery and outcomes in the Medicare arena."
CMS conducts a yearly 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 perform exceptionally well in the majority of areas evaluated by CMS, particularly in the area of patient safety.
About Catamaran Catamaran, one of the industry's fastest-growing pharmacy benefit managers, 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 Schaumburg, Ill. with multiple locations in the U.S. and Canada. For more information, please visit Catamaranrx.com, and for industry news and information follow Catamaran on Twitter, @CatamaranCorp.