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Comprehensive Care Corporation Signs Agreement With A National Leader In Pharmacy Benefit Management
Date:7/30/2013

ided, in part, for CompCare to make its PVM Program available to Local 29 and guarantee "…Local 29 a minimum of a 10% savings and backed up its guarantee with a full performance bond issued by a nationally well-known and respected surety company."  (See CompCare's release of March 19, 2013.)   In May of this year, CompCare announced the signing of a pharmacy management savings agreement with Utica City School District.  The agreement provides, in part, for CompCare to make its PVM Program available to Utica City School District and "…guarantee them a savings of at least 10% over their current pharmacy expense."  (See CompCare's release of May 13, 2013.) 

In June of this year, the Company announced that under the leadership of Lt. Colonel Ramon Martinez (USAF, Ret.), President of CompCare Pharmacy Solutions, Inc. (a wholly-owned subsidiary of the Company), CompCare had successfully retained the services of core salespeople "…needed to head up national sales force to sell our PVM Program."  (See CompCare's release of June 10, 2013.)  The Company currently has on retainer the services of three full-time salespeople and five additional commission-only salespeople located throughout the U.S. and Puerto Rico whose sole product is the PVM Program.  The target markets of the PVM Program range from self-insured employer groups to Taft-Hartley health and welfare funds, as well as managed care companies.

Simultaneously with the above activities, the Company continued to actively engage in discussions and negotiations with various PBM's in order to broaden its capabilities to provide its clients with the promised savings.  As a 4PVNTM service provider, CompCare orchestrates and contracts for the delivery to the Participating Groups of agreed upon services, a complex network of "best of breed" PBM service providers.

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SOURCE Comprehensive Care Corporation
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