SAN JUAN, Puerto Rico,
Sept. 15, 2021 /PRNewswire/
-- Abarca, a pharmacy benefit manager (PBM) that is disrupting
the industry with a new approach to technology and business
practices, today announced that Triple-S Management Corporation
(NYSE: GTS) renewed its contract for PBM services on behalf of its
managed care subsidiary, Triple-S Salud. This three-year agreement
applies to the company's Medicare Advantage, Commercial, and
Federal Employees Health Benefit Program (FEHBP) lines of
business.
"Abarca and Triple-S have been working together for nearly a
decade to deliver a better healthcare experience for members,"
said Jason Borschow, president
and CEO at Abarca. "Through our ongoing collaboration, we have
developed innovative clinical solutions, and expanded medication
access through our home delivery program. We appreciate Triple-S'
confidence in us and look forward to continuing this journey."
Triple-S first selected Abarca in 2012 to provide services for
the plan's Medicare Advantage programs. In 2018, Triple-S expanded
the agreement to include Commercial and Medicare lines of business.
Under the terms of this renewal, Abarca will continue to perform
these functions for three years.
"Since day one, Abarca has been a dedicated and collaborative
partner for Triple-S," said Madeline Hernández-Urquiza, President,
Triple-S Salud and Triple-S Advantage. "We share the goal of
improving access to care and generating better healthcare outcomes
in Puerto Rico."
As part of this new agreement, Abarca will implement a new
medication reconciliation post-discharge program that will help
ensure members are on safe, efficient treatment regimens after
being discharged from the hospital. Abarca's clinicians will
contact eligible beneficiaries to reconcile the medications they
have been prescribed post-discharge with those they took before
being admitted to the hospital. This will minimize discrepancies
that place patients at risk for adverse drug events or
non-compliance.
Triple-S Management Corporation is an independent licensee of
the Blue Cross Blue Shield Association.
To learn more about Abarca's PBM services,
visit abarcahealth.com.
About Abarca
Abarca is igniting a revolution in healthcare. It started by
redefining pharmacy benefits, but this is just the beginning. It is
built on the belief that there is a better way for people and
companies to work together, connect with each other, and make
healthcare awesome for everyone. With smarter technology and a
straightforward approach to business, Abarca provides a much better
experience and higher value for payers and consumers. For nearly a
decade, they have challenged many industry conventions and trampled
on a few. So, call them a PBM for discussion purposes, but they are
unlike any other company out there. Join the revolution at
abarcahealth.com.
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SOURCE Abarca