Catalyst Rx to provide PBM services for Michigan’s Public School Employees Retirement System

Oct 22 2009

Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of Catalyst Health Solutions, Inc. (NASDAQ:CHSI), announced today that the Michigan Department of Management & Budget, Purchasing has recommended Catalyst to provide PBM services for Michigan’s Public School Employees Retirement System (MPSERS), pending management and State Administrative Board approval.

Management of Catalyst will discuss MPSERS and other new business wins in conjunction with its next quarterly conference call now scheduled for November 4, 2009. During that call, the Company will discuss the financial impact of new business, including the timing and extent of anticipated up front implementation expenses as well as post-implementation revenue and earnings contributions for 2010.

Source:

Catalyst Health Solutions, Inc.

Posted in: Healthcare News

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Comments (2)

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Comments

  1. MPSERS
    Earl Eliason Earl Eliason United States says:
    October 23, 2009 at 9:48 PM

    As a member of the Michigan Public School Employees Retirement System I am somewhat concerned about our new drug provider after being very satisfied with Blue Cross Blue Shield of Michigan.  Could you provide me with some assurance that we are going to get the same outstanding service as in the past. Thank You, Earl Eliason

    Reply
  2. Member of Michigan Public School Employees Retirement System
    macdonald macdonald United States says:
    July 19, 2010 at 2:42 PM

    I am a member of Michigan Public School Employees Retirement System. As of 6/7/10 I have been stonewalled by Catalyst Rx. For about 20 yrs. I have had an Rx for migraine headaches filled by BC/BS. Over the objections and appeals of my doctor, Catalyst Rx has limited my access to this medicine to the point that I am forced to go to the hospital emergency room for treatment with the same generic drug. Meanwhile it took 45 days to send me a copy of the fax they sent to my doctor, and they still have NOT sent me a copy of their appeal procedure.

    Reply
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