ABARCA SELECTED AS PHARMACY BENEFIT MANAGER FOR PUERTO RICO MEDICAID PROGRAM – InsuranceNewsNet
PBM implements benefits for 1.3 million Medicaid members in just 10 days
“The Medicaid population of
Under the contract award, Abarca was scheduled to begin administering benefits to Vital members on
Despite this accelerated timetable, Abarca seamlessly transitioned various essential services, including claims processing, formulary management, and network contracting and payments management, within ten days to ensure no disruption in benefits for Plan Vital’s 1.3 million Medicaid members.
“We are very satisfied with the completed process, which resulted in Abarca’s award of the full-service PBM contract. Medicaid patients in
Abarca began working with ASES in 2006 as the program’s pharmacy program administrator (PPA). In its new role, Abarca will act as the full-service PBM for Vital, including implementing a new rebate management model, the Medicaid Drug Rebate Program.
To learn more about Abarca’s pharmacy benefit services, visit abarcahealth.com.
Abarca is igniting a revolution in healthcare. It started by redefining pharmacy benefits, but this is just the beginning. It is built on the belief that there is a better way for people and companies to work together, connect with each other, and make healthcare awesome for everyone. With smarter technology and a straightforward approach to business, Abarca provides a much better experience and higher value for payers and consumers. For over a decade, they have challenged many industry conventions and trampled on a few. So, call them a PBM for discussion purposes, but they are unlike any other company out there. Join the revolution at abarcahealth.com.
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