KANSAS CITY, Mo., Sept. 22, 2011 /PRNewswire/ -- Argus Health Systems, Inc., a leading transparent pharmacy benefits administrator, today announced an arrangement with Walmart to provide expanded network services. This Preferred Network approach coordinates efforts by Argus and Walmart to provide the lowest prescription benefit cost to Argus customers.
This agreement enables Argus to offer their customers a more cost-effective pharmacy network alternative. Access to care becomes more affordable for the members utilizing this network. Providing quality care at a low cost is a crucial component for member health, since affordable medicine now can prevent costly medical expenses in the future.
"With results based on a cost analysis of pricing currently in effect, we see a potential cost savings to our customers of more than two percent in the Preferred Network over an open network," said Jonathan Boehm, president and CEO, Argus Health Systems. "When using the Preferred Network approach, there is also an additional two percent savings potential, for an estimated total savings of more than four percent."
The Argus and Walmart arrangement can be utilized for commercial, Medicaid, and Medicare networks.
About Argus Health Systems, Inc.
Argus is a leading independent provider of health care information management services supporting commercial, Medicare Part D, and Medicaid through a fully transparent business model. Argus is a wholly-owned subsidiary of DST Systems, Inc. For more information, please visit http://argushealth.com.
The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DST's latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.
SOURCE Argus Health Systems, Inc.