Well-run hospitals use sophisticated pharmacy management systems to prevent medical errors that cause patient suffering and dramatic cost increases.
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Several major pharmacy benefit management companies have expressed support for the administration plan, including Caremark Rx, Inc.
He sees CVS benefiting from the rising demand for generic drugs due to favorable demographics, and its efficient pharmacy benefit management services.
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OptumRx : A pharmacy benefits management business which processes prescription drugs for its customers and helps them get drugs at reduced costs.
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The world's third-biggest drugmaker is casting off its pharmacy benefits management arm, Merck-Medco , which accounts for 55% of its sales, as a separate publicly traded company.
This business provides a full range of pharmacy benefit management services, such as mail-order prescriptions, Medicare Part D assistance, and discounted drug purchase agreements with various employers and corporations.
Catamaran (CTRX) used to be known as SXC Health Solutions until July 2012 but it has been revolutionizing the Pharmacy Benefit Management (PBM) segment of the health care industry for years.
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When pharmacy benefit management (PBM) companies Express Scripts and Medco announced their merger on 21 July 2011, the stock market was not optimistic about the companies obtaining antitrust approval from the Federal Trade Commission (FTC).
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"The pharmacy staff and management have been cooperative, " the state health agency said.
Matt Perry of Wachovia Capital Markets noted that the managed-care and pharmacy-benefit-management sectors are no strangers to government investigations, but he said he could not recall any that involved an FBI search.
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