Navigation Links
FutureScripts Promotes Paul Urick to Senior Vice President to Lead the Pharmacy Benefit Management Operation

Strong leadership key to long-term cost savings for customers

PHILADELPHIA, Feb. 11 /PRNewswire/ -- FutureScripts President Christopher D. Butler has announced the promotion of Paul N. Urick, R.Ph., to senior vice president of FutureScripts(R), LLC, a new pharmacy benefits management company headquartered in Philadelphia. Urick was hired to build FutureScripts and now oversees all operations of the company.

(Photo: )

Urick's team at FutureScripts manages prescription drug benefits for over 1.3 million members with an annual drug spend of more than $1 billion. FutureScripts offers a full array of pharmacy management services, including formulary development and management, pharmaceutical contracting, claims processing, and a national network of more than 60,000 retail and specialty pharmacies.

Before this promotion Urick served as vice president of Pharmacy Services. Previously Urick was vice president for pharmacy programs at Geisinger Health Plan in Danville, Pennsylvania, where he oversaw the plan's pharmacy benefit management services, including a pharmacy mail order facility. Urick began his career at Geisinger Medical center as a clinical pharmacist.

Urick received his pharmacy degree from the University of Sciences in Philadelphia. He is a member of the Academy of Managed Care Pharmacy (AMCP) and is a past chapter president of the Pennsylvania Society of Health System Pharmacists.

FutureScripts first began operations on October 1, 2006, handling the administration of prescription drug benefits for employer groups and health plans. Currently, FutureScripts provides its services to all Independence Blue Cross (IBC) companies with plans to expand in the marketplace in the future. FutureScripts' key accounts include major school systems, corporations, and labor unions in Southeastern Pennsylvania. In its first year of business FutureScripts processed more than 15 million pharmacy claims. Continuing to grow, FutureScripts has over 100 employees, including pharmacists and other business associates, and is currently hiring for key talent positions.

When developing FutureScripts, the goal was to build a cost-saving prescription solution to help customers manage rising prescription drug costs without sacrificing quality. FutureScripts' approach to managing prescription drug benefits is expected to provide close to $100 million in savings to IBC's group customers over a five-year period.

"More than 22 cents of each health care dollar spent in our region goes toward the cost of prescription drugs," said Butler, president of FutureScripts. "We share our customers' increasing concern about the rising cost of staying healthy, and we are pleased at how effectively FutureScripts is helping to drive down costs for our customers."

Butler explained that FutureScripts reduced increases in pharmacy costs for IBC customers by 2.3 percent in 2007 - despite the increase in medications taken by members as they age and the introduction of new, more costly drugs with national advertising campaigns aimed directly at consumers.

In a major effort to raise awareness about and use of generic drugs, FutureScripts managed one of the industry's most innovative pharmaceutical programs, IBC's No Pay Copay. This initiative waived copays for generic prescription drugs for IBC pharmacy members during 2007. No Pay Copay proved highly successful, with 87 percent of members surveyed reporting that they will continue to ask their doctors for generic prescriptions after No Pay Copay ended, and three-quarters believe generics are as safe and as effective as their brand-name counterparts.

FutureScripts(R) is a pharmacy benefits management company headquartered in Philadelphia, Pennsylvania that helps employers and health plans manage rising prescription drug costs without sacrificing quality coverage. FutureScripts has built a comprehensive national pharmacy network of more than 60,000 retail pharmacies, including independent pharmacies as well as all of the major pharmacy retail chains. For more information, call FutureScripts corporate headquarters at 888-678-7012 or go to

Independence Blue Cross is a leading health insurer in Southeastern Pennsylvania. IBC and its affiliates provide coverage to nearly 3.4 million people. For 70 years, IBC has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. IBC is an independent licensee of the Blue Cross Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans. For more information go to

SOURCE FutureScripts
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. S.C. BlueCross Creates Corporate Planning Unit, Promotes Davis to Vice President
2. MassMutual Promotes Debra Palermino to Senior Vice President of Human Resources
3. China Bionanometer Industries Corporation Promotes New Cosmetics Product Line in China
4. Vitasoy Promotes the Soy Breast Health Connection
5. AvMed Promotes Kirk Cianciolo to Senior Vice President and Chief Medical Officer
6. Lifespring Health Promotes Health and Fitness by Sponsoring Silicon Valley Marathon on November 3rd and 4th
7. Health Secretary Promotes Awareness of Diabetes, Urges Healthy Habits
8. The HealthCentral Networks Promotes Awareness of Diabetes
9. Ratcliff Promotes 11 Staff Members
10. FOXO factor promotes survival of oxygen-deprived cancer cells
11. Therap Services Promotes Allison Dudo to Assistant Director of Training
Post Your Comments:
(Date:11/30/2015)... ... November 30, 2015 , ... Olympic Gold Medalists ... collaborating with brands across various categories through traditional and social media marketing campaigns ... elite group of Gold Medal Moms who can connect with today’s most important ...
(Date:11/30/2015)... ... December 01, 2015 , ... ... as a 2015-2016 inductee into its VIP Woman of the Year Circle. ... the nation’s leading networking organization exclusively for professional women, boasting 850,000 members and ...
(Date:11/30/2015)... (PRWEB) , ... November 30, 2015 , ... ... programs of the19th Bi-National Convention of the Federation of Philippine American Chambers of ... in Las Vegas, Nevada. , 1Heart Caregiver Services, as an active delegate ...
(Date:11/30/2015)... ... 2015 , ... Until now, the St. Louis Fetal Care Institute ... Myelomeningocele Study) trial. One of these exclusion criteria was a BMI above 34.9. According ... 24.9 is considered normal, 25 - 29.9 is overweight and above 30 is obese. ...
(Date:11/30/2015)... ... November 30, 2015 , ... According to research by the ... dental technicians to be certified or obtain continuing education. To increase awareness of ... Your Mouth?” campaign to inform dentists that the technicians they trust could lack ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... RATON, Fla. , Nov. 30, 2015   ... (the Institute) announced today that it has finalized ... device start-up company with technology developed at Florida State ... publicly-funded research, and bridges early funding gaps for companies ... and research institutions. --> ...
(Date:11/30/2015)... Ended 30 September 2015 2014RestatedChange%Turnover 545,575 , 518,852 , 5.2 ... 384,242 , 9.8 Hospital Management Service Income ... (18.3) Medical Insurance Administration Service Income , 2,780 ... Accessories Sales , 89,645 , 94,580 ... , 2,917 , (3.3) Gross Profit ...
(Date:11/30/2015)... -- PTS Diagnostics, the U.S.-based manufacturer of point-of-care biometric testing ... systems, and PTS Detect™ cotinine systems, has announced ... propel the company into the mHealth market. ... . The technology is a system that interfaces with ... tablets, and uses test strip technology already developed by ...
Breaking Medicine Technology: