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MagnaCare Answers Need for New Prescription Drug Program
Date:7/7/2009

NEW YORK, July 7 /PRNewswire/ -- As part of its ongoing commitment to keeping New York and New Jersey healthy, MagnaCare, the region's recognized leader in innovative healthcare administration for over 20 years, is proud to announce the launch of its new full-service pharmacy benefit management (PBM) program, MagnaCareRx.

"Clients are demanding better solutions for pharmacy benefit management. With costs rising, plan sponsors can't afford to continue with the status quo," said Michael Jordan, Senior Vice President of Sales, Marketing and Account Management at MagnaCare.

This is especially true given the current climate of scrutiny on existing PBMs. As the confidence of the 200 million Americans who get prescription drug benefits through PBMs starts to waver, it's up to trusted companies like MagnaCare to step in and offer a better alternative for its 500,000-plus members. "We developed MagnaCareRx in response to feedback from our clients, who have been telling us they want help lowering prescription drug benefit costs without compromising quality of care or service [by offering] flexible solutions through a single point of contact," said Jordan.

In a crowded pharmacy benefit management marketplace, MagnaCareRx stands apart with:

  • Proven solutions for lowering drug costs with a strong generic drug program, valuable rebate management and a client-first approach
  • Flexible formularies to allow maximum savings and customization for clients over a wide range of industries
  • Unmatched client and member service - every time you call to speak with a representative about your prescriptions or benefit plan, you will get the same level of outstanding service for which MagnaCare has consistently been praised

MagnaCareRx will offer plan sponsors a complete choice of prescription drug services including a convenient retail pharmacy network of more than 61,000 pharmacies, prescription home delivery, a 90-day retail program, specialty pharmacy benefits and much more - all backed with the same care, dedication and integrity of the MagnaCare brand.

About MagnaCare

While other companies scramble to cover more lives in more states, MagnaCare has been dedicated to offering thoughtful health plan solutions and an unmatched provider network to its neighbors in New York and New Jersey for more than 20 years - a true embodiment of its brand promise of "Care Right Here." Its clients include self-insured organizations, Taft-Hartley Funds, commercial insurers, Third Party Administrators (TPA) and municipalities. MagnaCare offers physician network access and integrated solutions that include full plan management services (claims adjudication, eligibility management, client/customer service, etc.), predictive modeling analyses and member outreach programs. Visit its site at www.magnacare.com.


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SOURCE MagnaCare
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