MCS renews multimillion-dollar contract with PharmPix
SAN JUAN – Puerto Rico health insurance provider Medical Card System Inc. (MCS) announced Wednesday that it has entered a contract renewal agreement with Puerto Rican-owned PharmPix Corp. for the latter to manage the pharmacy benefits of MCS’s more than 180,000 commercial customers, “covering over $150 million in annual drug spending.”
Among the initiatives MCS and Guaynabo-based PharmPix have developed since partnering in 2016, are the MCS Life’s Prescribed Drugs by Mail program, which allows members to receive their medications at home; the Concurrent Drug Utilization Review (DUR) program, which verifies a patient’s drug history to identify potentially harmful or unsafe combinations of prescription medications; and Quality Clinical Projects aimed at educating members with diabetes and therapy adherence problems.
MCS CEO Jim O’Drobinak said that in addition to its commitment to Puerto Rico residents’ healthcare, the insurer’s relationship with PharmPix reflects its dedication to support the island’s economic well-being.
“In these historic times that Puerto Rico is experiencing, we at MCS are committed to promote talented Puerto Rican-owned companies that can ensure the continued improvement of both Puerto Rico’s financial health and the healthcare experience of our members,” O’Drobinak said. “Given that healthcare is one of our Vívela MCS corporate culture pillars, which embrace our MCS Conexión de Salud program, we have decided to extend our relationship with PharmPix since they have proven to be an outstanding business partner ensuring the proper delivery of pharmacy benefits. PharmPix has exceeded its pharmacy benefit manager role by assisting us in the development of innovative programs intended to help improve our members’ health in many creative ways.”
MCS also provides various Medicare Advantage plans under a contract with the Ccenters for Medicare and Medicaid services. MCS Life Insurance Co., meanwhile, offers commercial health plans for groups and individuals, as well as group life insurance. MCS General Insurance Agency offers life and disability products.
“At PharmPix, we are focused on providing effective support to our clients’ clinical operations in favor of the patients who benefit from our services. We maintain the transparency that allows trust and security in our work, and this puts us in the position of having again the support of companies such as MCS,” said Dr. Martty Martinez Fraticelli, PharmPix’s president and chief pharmacy officer, who oversees more than 100 employees.