To enhance our ability to provide new and better pharmacy capabilities to serve our customers, IBC has entered into an agreement for Catalyst Health Solutions, Inc. to acquire our FutureScripts and FutureScripts Secure pharmacy benefit management (PBM) subsidiaries.
FutureScripts provides PBM services to approximately 1 million members and manages more than 14 million prescriptions annually. Under the terms of the ten-year contract, Catalyst will maintain the FutureScripts brand, retain FutureScripts’ staff, and provide IBC a full complement of services, including: claims adjudication, member services, network administration, formulary management and rebate contracting, mail and specialty drug management, clinical services, data reporting and analytics, as well as client service and sales support.
For more information about this change, see the press release posted on our website.