Rating Recognizes Catamaran's Commitment to Quality and Operational
SCHAUMBURG, IL, Nov. 26, 2013 /CNW/ - Catamaran Corp. (NASDAQ: CTRX, TSX: CCT), a leading provider of
technology and pharmacy benefit management (PBM) services, announced
today that its Employer Group Waiver Plan (EGWP) has received a 5-star
rating from the Centers for Medicare & Medicaid Services (CMS) for the
second consecutive year. The ratings measure the quality of Medicare
Advantage and Prescription Drug Plan functions such as clinical care,
plan member satisfaction, customer service and patient outcomes.
"At Catamaran, we are dedicated to delivering personalized care with the
best possible solutions and service to Medicare patients," said Sumit
Dutta, Senior Vice President and Chief Medical Officer, Catamaran. "It's an honor to receive this 5-star rating from CMS in
recognition of our ongoing efforts to raise the bar for pharmacy
benefit management and continuously improve service delivery and
outcomes in the Medicare arena."
CMS conducts a yearly 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 perform exceptionally well in the majority of
areas evaluated by CMS, particularly in the area of patient safety.
Catamaran, one of the industry's fastest-growing pharmacy benefit
managers, 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 Schaumburg, Ill. with multiple
locations in the U.S. and Canada. For more information, please visit Catamaranrx.com, and for industry news and information follow Catamaran on Twitter, @CatamaranCorp.
For further information:
Tel: (312) 261-7805