ANNUAL DIRECTORY OF PRESCRIPTION BENEFIT MANAGERS
Posted On: Aug. 3, 1997 12:00 AM CSTP
Pharmacy Services Group of Florida
1100 N.E. 51st St., Fort Lauderdale, Fla. 33334; 954-938-9980;
fax: 954-938-7984
1996 revenues
Total gross revenues$7,000,000
PBM gross revenues$4,000,000
PBM unbundled revenues$3,000,000
PBM Clients
Total175
Employer/group plans with direct service10
Lives Covered
Group Health:
Total400,000
Active enrollees170,000
through employers20%
through third-party vendors80%
Retail Network
Pharmacy locations40,000
Mail-order services
Percentage of prescription volume30%
Generic usage
Percentage of prescription volume60%
Staff
Total30
Professionals5
Includes: 3 registered pharmacists
PBM services since: 1983.
Parent: Managed Healthcare Systems Inc.; primary business: mail order prescription services.
Services: Retail pharmacy network, mail-order distribution, claims processing, online claims processing, concurrent utilization review, disease management, retrospective utilization review, benefit design consulting, formulary management/review, monitoring of physician prescribing practices, patient education, prescription software.
Formularies offered: Open, closed, restricted/customized.
Pharmacies contracted: Independently owned; retail chains, including CVS, Eckerd, Walgreens.
Reports provided: Physician prescribing patterns, generic vs. name brands dispensed analysis, employee utilization.
Service area: Nationwide.
Billing methods: Capitated rate, fee per claim. Volume discounts to employers.
Officers: Kenneth Sack, CEO; Gina Hunt, director-client services; Stanley Friedman, director-professional services; Martin Duberstein, director-marketing.
Contact: Kenneth Sack.
Pro-Mark Holdings Inc.
33 North Road, Peace Dale, R.I. 02883; 401-782-0702;
fax: 401-788-9909
1996 revenues
PBM gross revenues$283,159,000
PBM Clients
Total358
Employer/group plans with direct service5
Lives Covered
Group Health:
Total1,100,000
through employers1%
through third-party vendors5%
through Medicare/Medicaid94%
Workers Compensation:
Active enrollees15
Retail Network
Pharmacy locations36,545
Mail-order services
Percentage of prescription volume1%
Generic usage
Percentage of prescription volume73%
Staff
Total129
Professionals115
Includes: 22 registered pharmacists
PBM services since: 1993.
Parent: MIM Corp.; primary business: pharmacy management.
Services: Retail pharmacy network, mail-order distribution, claims processing*, online claims processing, concurrent utilization review, disease management, retrospective utilization review, benefit design consulting, formulary management/review, monitoring of physician prescribing practices, patient education.
Formularies offered: Open, closed, restricted/customized.
Pharmacies contracted: Independently owned; retail chains, including American Drug, Brooks, Fred's, Kmart, Safeway, Walgreens and Wal-Mart.
Reports provided: Physician prescribing patterns, generic vs. name brands dispensed analysis, employee utilization.
Service area: Nationwide.
Billing methods: Capitated rate, fee per claim, risk sharing.
Officers: John Klein, CEO; Richard Friedman, CFO/COO; E. David Corvese, president; E. Paul Larrat, executive vp-operations; Richard Stader, vp-sales/marketing.
Contact: Robert Tamburro, manager-business administration.
**Subcontracted.