KANSAS CITY, Mo., March 22, 2012 /PRNewswire/ -- Argus Health Systems, Inc., a leading transparent pharmacy benefits administrator, today announced that it has established a Preferred Network with CVS/pharmacy, to provide expanded network options. This coordinated effort by Argus and CVS/pharmacy provides further alternatives in pharmacy networks for Argus customers.
This agreement enables Argus to offer customers additional options in an alternative network. With the addition of CVS/pharmacy into the Preferred Network, Argus expands pharmacy access to its existing customer base. CVS/pharmacy, with more than 7,300 pharmacies across the U.S., has a level of national depth and access to care, while offering affordable medicines that can assist in preventing costly medical expenses.
"When analyzing current pricing, we see a potential cost savings with an alternative network versus an open network," said Jonathan Boehm, president and CEO, Argus Health Systems. "Customers utilizing our alternative network options can generate potential savings, dependent on which network option is selected. Expanding the CVS access into a Preferred Network is an element of the overall Argus dedication to enhance all aspects of pharmacy benefit management and choices for our customers."
Argus continues to expand the concept of alternative network options and continues to review contracting pharmacies in select geographic areas to fit customers' needs. Commercial, Medicaid, and Medicare Networks can utilize the Argus and CVS/pharmacy arrangement.
About Argus Health Systems, Inc.
Argus is a leading independent provider of healthcare information management services supporting commercial, Medicaid and Medicare Part D with a business model that provides full disclosure and transparency. Argus serves a wide range of clients and key healthcare organizations, including managed care organizations, pharmacy benefit managers, and pharmaceutical manufacturers. 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.
Argus Health Systems, Inc.
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