Catalyst Launches Catalyst Rx MobileSM
May 03 2011 - 9:00AM
Business Wire
Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of
Catalyst Health Solutions, Inc. (NASDAQ: CHSI), today announced the
introduction of Catalyst Rx MobileSM, a mobile platform that uses
the latest technology to securely streamline plan, member and
claims information to improve medication adherence and reduce
healthcare costs for members.
Catalyst Rx Mobile serves as a trusted advisor, placing valuable
information at members’ fingertips to empower them to make better
health and cost-related decisions and simplify their lives.
Highlights of the tool include:
- Catalyst Price &
SaveSM - Award-winning drug pricing technology saves
money for members and plan sponsors by identifying lowest-cost
pharmacy options and generic alternatives.
- Therapeutic Advantage -
Proprietary drug equivalency technology allows members to compare
prices across lower cost therapeutic alternatives when a generic
equivalent is not available.
- Prescription History Lookup -
Enhances communication between the member and their physicians,
family members and pharmacists, improving safety and eliminating
gaps in care.
- Drug Dictionary - Drug look up
tool provides information on common uses of medications, how to
take them, possible side effects, and more. Improves member
awareness and safety.
- Find pharmacies - Conveniently
searches Catalyst‘s network of more than 60,000 pharmacies,
pinpoints nearest locations and provides driving directions, phone
numbers and more.
“Catalyst Rx Mobile reflects our commitment to deliver
innovative solutions that improve care while lowering costs for our
members,” stated David T. Blair, Chief Executive Officer of
Catalyst. “Through our state-of-the-art mobile and web technology
and other Generic Advantage Plan initiatives, our goal is to drive
generic utilization to more than 80 percent while improving drug
adherence.”
Catalyst Rx Mobile is a key element of Catalyst’s Generic
Advantage Plan, developed after more than a year of consultation
with experts in the areas of pharmacy, behavioral psychology and
technology, including mobile health technology company, LiveRx,
Inc. On average, clients who participated in the Generic Advantage
Plan pilot program increased generic utilization by ten percentage
points and decreased plan costs by 16 percent across targeted drug
categories within the first year of initiating the plan.
Catalyst Rx members can access Catalyst Rx Mobile free of charge
on a variety of mobile devices by visiting catalystrx.com, or by
downloading a free app for iPhone, iPod Touch, iPad and Android
devices. Catalyst Rx plans to launch an app for Blackberry
soon.
About Catalyst Health Solutions, Inc.
(www.chsi.com)
Catalyst Health Solutions, Inc., the fastest growing national
PBM in the U.S., is built on strong, innovative principles in the
management of prescription drug benefits and provides an unbiased,
client-centered philosophy resulting in industry-leading client
retention rates. The Company's subsidiaries include Catalyst Rx, a
full-service pharmacy benefit manager (PBM) serving more than 7
million lives in the United States and Puerto Rico; HospiScript
Services, LLC, one of the largest providers of PBM services to the
hospice industry; FutureScripts, LLC, a full-service PBM serving
approximately one million lives in the mid-Atlantic region, and
Immediate Pharmaceutical Services, Inc., a fully integrated
prescription mail service facility in Avon Lake, Ohio. The
Company's clients include self-insured employers, including state
and local governments, managed care organizations, unions,
hospices, third-party administrators and individuals.
This press release may contain “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995.
These statements involve a number of risks and uncertainties that
might materially affect our results, particularly those risks
referred to in our Annual Report on Form 10-K for the year ended
December 31, 2010, under “Item 1A. Risk Factors.” Readers are urged
to carefully review and consider the various disclosures made in
our Annual Report on Form 10-K, our Forms 10-Q, and our other
filings with the Securities and Exchange Commission that attempt to
advise interested parties of the risks and uncertainties that may
affect our business. Catalyst Health Solutions, Inc. does not
undertake any obligation to update forward-looking statements,
whether as a result of new information, future events, or other
developments.
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