Rating Recognizes Catamaran's Commitment to Quality and Operational Measures
LISLE, IL, Nov. 15, 2012 /PRNewswire/ - Catamaran Corp. (NASDAQ: CTRX, TSX: CCT), a leading provider of technology and pharmacy benefit management (PBM) services, announced today that Catamaran's Employer Group Waiver Plan (EGWP), operated by its subsidiary Catamaran Insurance of Ohio, Inc., has received a 5-star rating from the Centers for Medicare & Medicaid Services (CMS) as part of the agency's 2013 plan Star ratings. The ratings measure the quality of Medicare Advantage and Prescription Drug Plan functions such as clinical care, plan member satisfaction, and customer service. Ratings are assessed each year and may change from year to year.
"Catamaran is committed to leveraging its resources, skill and scale to offer the best possible service to Medicare patients," said Mark Thierer, Chairman and Chief Executive Officer of Catamaran. "As the nation focuses on solving the healthcare crisis by reducing costs and improving health in all communities, we view our role in continuously improving service delivery and outcomes in the Medicare arena as absolutely critical to this mission."
Each year, CMS conducts a 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 performs exceptionally well in the majority of areas evaluated by CMS, particularly in the area of patient safety.
"Catamaran is charting a new course to deliver personalized solutions that produce the desired outcomes for Medicare beneficiaries," said Sumit Dutta, Senior Vice President and Chief Medical Officer of Catamaran. "Receiving a score of 5 across the board for patient safety measures is a tremendous honor and recognition of our ongoing efforts to redefine the standards for pharmacy benefit management."
Catamaran, the industry's fastest-growing pharmacy benefit manager, 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 Lisle, Ill. with multiple locations in the U.S. and Canada. For more information, please visit www.catamaranRx.com.