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FutureScripts Promotes Paul Urick to Senior Vice President to Lead the Pharmacy Benefit Management Operation
Date:2/11/2008

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 prescriptio
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SOURCE FutureScripts
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