ST. LOUIS, April 18, 2014 /PRNewswire/ -- The U.S.
Department of Defense today awarded Express Scripts (NASDAQ: ESRX)
administration of the TRICARE Pharmacy Program, Fourth Generation
(TPharm4) contract serving approximately 10 million
beneficiaries.
"Express Scripts is proud to continue providing world-class
service and specialized pharmacy care to our men and women in
uniform, along with their dependents and also to military
retirees," said George Paz, chairman
and chief executive officer, Express Scripts. "This award reaffirms
the Express Scripts business model that aligns client and
beneficiary interests with our commitment to control costs, drive
out pharmacy waste and improve health outcomes."
The seven-year contract will include administering a retail
pharmacy network, operating the TRICARE Mail Order Pharmacy and
providing specialty pharmacy services effective May 1, 2015. Express Scripts has been
providing the DoD's home delivery and retail pharmacy network
services since 2003 and 2004, respectively, adding specialty
pharmacy in 2009.
Express Scripts' technical and administrative services will
expand under the TPharm4 contract, as the company will serve the
pharmacy needs of the military worldwide, including Military
Treatment Facilities.
Express Scripts has achieved beneficiary satisfaction ratings as
high as 98.3%, while consistently delivering significant savings
for the DoD through cost-containment strategies such as increasing
home delivery, driving deep retail network discounts and
administering advanced clinical programs with specialist
pharmacists.
About Express Scripts
Express Scripts manages more
than a billion prescriptions each year for tens of millions of
patients. On behalf of our clients — employers, health plans,
unions and government health programs — we make the use of
prescription drugs safer and more affordable. Express Scripts
uniquely combines three capabilities — behavioral sciences,
clinical specialization and actionable data — to create Health
Decision ScienceSM, our innovative approach to help
individuals make the best drug choices, pharmacy choices and health
choices. Better decisions mean healthier outcomes.
Headquartered in St. Louis,
Express Scripts provides integrated pharmacy-benefit management
services, including network-pharmacy claims processing, home
delivery, specialty benefit management, benefit-design
consultation, drug-utilization review, formulary management, and
medical and drug data analysis services. The company also
distributes a full range of biopharmaceutical products and provides
extensive cost-management and patient-care services.
For more information, visit Lab.Express-Scripts.com or follow
@ExpressScripts on Twitter.
MEDIA CONTACT:
Brian
Henry
314-684-6438
BHenry@express-scripts.com
INVESTOR CONTACT:
David
Myers
314-810-3115
investor.relations@express-scripts.com
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SOURCE Express Scripts