San Juan, Puerto Rico - abarca health, a leading provider of technology and pharmacy benefit management (PBM) solutions, is pleased to announce that it has been selected by Plan de Salud del Hospital Menonita (PSM), of Aibonito, Puerto Rico, to provide the full suite of PBM services to its various commercial plan products.
Effective January 1, 2012, abarca health will process and adjudicate claims for PSM through its custom built claims processing engine, which has been fully customized to address PSM's specific business requirements. As part of its comprehensive PBM solution, abarca health will also provide a variety of benefit design and clinical services, from the development and management of various multi-tier formularies to drug utilization review (DUR) and utilization management services.
Executive Director of PSM, Félix Ortiz maintains that the selection of PBM abarca health is consistent with PSM's overall strategy: "We continue to enhance operational excellence on an accelerated pace," said Félix Ortiz of PSM. "Partnering with abarca health and being able to benefit from its model of transparency significantly contributes to our vision and customer-focus approach," added Mr. Ortiz in response to questions on why PSM selected abarca health as its new PBM.
"We welcome the opportunity given to us by Plan de Salud Menonita to further advance our footprint in the commercial sector of Puerto Rico's market," said VP of Business Development of abarca health, Gilberto Torres. "We look forward to being part of Menonita's growth in Puerto Rico by helping them manage their pharmacy program through customized technology solutions and our transparent reporting and business intelligence services."
About Plan de Salud del Hospital Menonita
The Plan de Salud del Hospital Menonita (PSM) is a health care insurance provider born out of the Sistema de Salud Menonita and its philosophy. PSM covers approximately 15,000 members through a wide variety of commercial health plan products.
For more information, please contact:
VP of Business Development
abarca health, LLC