Catamaran gets $60 million in contracts from Indiana Medicaid program
LISLE, Ill. — Pharmacy benefit manager Catamaran has won contracts with Indiana's state Medicaid program, the company said.
Catamaran said it was awarded the contracts, worth $60 million, to provide implementation, adjudication and PBM services to the program for six years, not including two one-year options. Catamaran will provide what it called a flexible and customized suite of PBM services, including implementation, claims processing, clinical and technical call center services, electronic prescribing, federal and supplemental rebate administration, pharmacy audits, specialty medication management and "enhanced" coordination of benefits, among others. The services will start on April 1, 2013.
"Catamaran is building incredible momentum around creating tailored, innovative PBM solutions for state governments seeking to reduce healthcare costs, simplify the delivery of medicine and improve the health of their beneficiaries," Catamaran chairman and CEO Mark Thierer said. "As a consultative partner to the state of Indiana, Catamaran will provide services and technology solutions to streamline the program and avoid the costly events that the right medicine or intervention can deter."