BUSINESS INSURANCE DIRECTORY OF PRESCRIPTION BENEFIT MANAGERS: A
Posted On: Aug. 2, 1998 12:00 AM CSTAlbertsons Better Care Solutions
250 Park Center Blvd., Boise, Idaho 83706; 208-395-5920;fax: 208-395-6103
1997 revenues
Total gross revenues$224,000
PBM gross revenues$224,000
PBM unbundled revenues$224,000
PBM clients
Total12
Employer/group plans with direct service12
Lives covered
Group Health:
Total120,000
Through employers98%
Through Medicare/Medicaid2%
Workers Compensation:
Active enrollees200
Through employers100%
Retail network
Pharmacy locations40,000
Mail-order services
Percent of prescription volume5%
Generic usage
Percent of prescription volume42%
Staff
Total14
Professionals5
Includes: 3 registered pharmacists
PBM services since: 1994.
Parent: Albertsons Food & Drug; primary business: retail pharmacy.
Services: Retail pharmacy network*, mail-order distribution, claims processing, online claims processing*, concurrent utilization review, disease management, benefit design consulting, formulary management/review, monitoring of physician prescribing practices, patient education, compliance & persistency program.
Formularies offered: Open, restricted/customized.
Pharmacies contracted: Independently owned; retail chains.
Reports provided: Physician prescribing patterns, generic vs. name brands dispensed analysis, prescription by age.
Service area: Western states, plus Arkansas, Florida, Louisiana, Missouri, Tennessee, Texas.
Billing methods: Fee per claim. Volume discounts to employers.
* Subcontracted.
AmeriScript Inc.
4301 Darrow Road, Suite 4200, Stow, Ohio 44224; 330-686-7010; fax: 330-686-7011
www.chandler-group.com
1997 revenues
Total gross revenues$589,346
PBM gross revenues$589,346
PBM unbundled revenues$589,346
PBM clients
Total741
Employer/group plans with direct service741
Lives covered
Group Health:
Total137,514
Through employers100%
Retail network
Pharmacy locations40,000
Mail-order services
Percent of prescription volume95%
Generic usage
Percent of prescription volume50%
Staff
Total38
Professionals34
Includes: 4 registered pharmacists
PBM services since: 1986.
Parent: The Chandler Group of Cos.; primary business: pharmacy benefit manager.
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 CVS, Eckerd, KMart, Rite Aid, Walgreens, Wal-Mart.
Reports provided: Physician prescribing patterns, generic vs. name brands dispensed analysis, employee utilization, ingredients billed vs. ingredients paid.
Service area: Nationwide.
Billing methods: Fee per claim.
Officers: James Keith Piper, president; Joe Colosi, senior vp-managed care; Arthur W. Chandler, chairman; Michelle Swigonski, president-AmeriScript; Cindy Craig, senior vp-operations.
Contact: Michelle Swigonski.
* Subcontracted.