San Juan, PR - All of us Abarcans are hard-wired to believe that healthcare can be awesome. As we have found out during the evaluation and selection phase of the ten finalist organizations for the Better Care Community Program, we are not alone in this belief. When we launched the call for…
4-5-2019
A Better WayBetter CareOur People
Specialty medications used to treat cancer, hepatitis, and other complicated diseases are among the greatest drivers of healthcare costs in the US. And while these medications represent a very small percentage of the total number of prescriptions written, they account for more than half of all…
4-5-2019
A Better ExperienceA Better WayA Higher Standard
Washington, DC — Trusted Health Plan (THP), a Medicaid managed healthcare organization serving members in Washington, D.C., today announced it has entered into a new, multi-year partnership with Abarca to provide pharmacy benefit management (PBM) solutions driven by Abarca’s advanced, fully…
4-3-2019
A Better ExperienceA Higher StandardNews
At Abarca, we never settle for the status quo. That extends to every aspect of our business, including how we manage our team of nearly 300 Abarcans, and counting. In fact, we don’t even have a human resources department. Instead, we are bolstered by a Talent Strategy team that ensures our…
3-20-2019
A Better ExperienceA Better WayA Higher Standard
Abarca was selected to present at “Caribbean Strong: Building Resilience with Equity,” a summit that focused on lessons that businesses learned from two catastrophic hurricanes that hit the region in 2017. The presentation detailed Abarca’s disaster preparation and response plan that was put…
3-14-2019
A Better ExperienceA Higher StandardConferences and Events
Palm Springs, CA - Jason Borschow, Abarca’s CEO, was selected to lead the session “PBM Technology: Stuck in the past or changing the future” at the 2019 PBMI’s National Conference in Palm Springs, CA. The interactive presentation discussed the current state of PBM technology, the…
3-13-2019
A Better ExperienceA Smarter PlatformConferences and Events
Palm Springs, CA – Abarca, a pharmacy benefit manager (PBM) that is disrupting the industry with an entirely new approach to technology and business practices, today announced that it has received the 2019 Pharmacy Benefit Management Institute (PBMI) Excellence Award for Care Management Strategies…
3-6-2019
A Better ExperienceAwardsNews
Heart disease is the leading cause of death in the United States. It claims approximately 610,000 lives each year, according to the CDC, and accounts for one in every four American deaths. Over the years, public awareness around severe cardiac events, like heart attacks, has increased. However,…
2-19-2019
A Better ExperienceA Higher Standard
San Francisco, CA—Jason Borschow, President and CEO of Abarca, has been selected as an Endeavor Entrepreneur, a program that recognizes and supports high-impact business leaders across the globe. “Participating in the Endeavor process has been one of the most enriching experiences of my…
2-13-2019
A Higher StandardAwardsOur People
San Juan, PR— Adriana Ramirez, Chief Legal & Compliance Officer at Abarca, has been selected to present at the Puerto Rico Investment Summit. Her session, “Island Innovators: How a San Juan Company is Disrupting the Mainland Market,” details Abarca’s mission; its smarter technology…
2-5-2019
A Better WayConferences and EventsOur People
Exciting developments are emerging in the industry that will challenge the “one size fits most” standard of care we’ve become too accustomed to. Here are three trends that we think will make a significant impact: 1. Social Needs Strategies It is estimated that non-clinical factors…
1-20-2019
A Better ExperienceA Better WayA Higher Standard
The opioid epidemic is one of the greatest public health threats to confront the American people. The CDC estimates that opioids claimed nearly 50,000 lives in 2017 alone. That number has been steadily rising for more than fifteen years. How did things get this bad? A deadly combination of…
1-11-2019
A Better ExperienceA Better WayA Higher Standard
People are the driving force behind any organization. They set the tone for everything, from business development and what programs are offered to company culture and employee engagement. In my nearly 20 years working with some of America’s most recognizable brands, I have seen more than my…
12-22-2018
A Better ExperienceA Higher StandardOur People
At Abarca, we have a culture of higher standards and doing the right thing, always. It applies to everything we do: pricing, operations, contracting, interactions with our clients, members, and each other….EVERYTHING. But nowhere is this more important than in our compliance with all of the…
12-10-2018
A Better ExperienceA Higher StandardOur People
In 2017, Hurricane Maria shook Puerto Rico. The storm damaged at least 70,000 homes, tested the island’s infrastructure, and took too many lives. As one of the leading PBMs serving health plans in Puerto Rico, Abarca knew that we had at least two critical responsibilities: provide all the help we…
12-6-2018
A Better ExperienceA Higher Standard
According to NCQA, 82% of all adults in the United States take at least one medication. Nearly one-third of that population takes five or more. Whether these medications are prescription, over the counter, or supplements, they need to be properly managed--and the first step is making sure they are…
11-18-2018
A Better ExperienceA Higher StandardA Smarter Platform
In November, Abarca exhibited two posters at the 2018 Forward Research & Innovation Summit in San Juan. The presentations detailed some of Abarca’s most impactful patient initiatives, including their award-winning medication therapy management (MTM) program. The marquee event for science,…
11-13-2018
A Better ExperienceA Higher StandardConferences and Events
For most of us, the end of the year is a time of reflection. But it is also a time for thinking ahead and thinking anew. At Abarca, we very deliberately take the fourth quarter of the year to assess what we have learned and find new, better ways to apply it. For a pharmacy benefit manager, few…
11-6-2018
A Better ExperienceA Higher StandardA Smarter Platform
Scottsdale, AZ — In November, Abarca will present at the 7th Annual CBI Pharmacy Benefit Compliance Congress on “Fraud, Waste, and Abuse — Monitoring Prescription Drug Programs,” about the current opioid crisis. The discussion will be led by Abarca Chief Legal & Compliance Officer…
10-30-2018
A Better WayConferences and EventsOur People
Last week, our team attended the 2018 AMCP NEXUS conference in Orlando to introduce industry leaders to Darwin, learn new strategies to make healthcare awesome, and celebrate our new partnership with PerformRx! From champagne toasts and fresh juices to demos and informational sessions, this was…
10-26-2018
A Better ExperienceA Higher StandardConferences and Events
Orlando, FL – Abarca announced that PerformRx, a leading national full-service PBM headquartered in Philadelphia, PA, has selected Darwin, Abarca’s PBM technology platform, to serve its key clients. This partnership was announced at the opening of the Academy of Managed Care Pharmacy Nexus…
10-22-2018
A Better ExperienceA Smarter PlatformNews
At Abarca, we believe that healthcare can be awesome—and we are in constant pursuit of new ways to make that possible. We are using innovative contracting agreements with pharmaceutical manufacturers to bring a new level of accountability to prescription benefits. We have developed novel…
10-21-2018
A Better ExperienceA Better WayA Higher Standard
San Juan, PR — Triple-S Management Corporation (NYSE: GTS), a leading managed care company in Puerto Rico, announced today that its 2019 Care Coordination Medicare Advantage HMO contract (H5774) has received an overall 4.5-star quality rating from the Centers of Medicare and Medicaid Services…
10-12-2018
A Better ExperienceA Higher StandardNews
One in five American adults and children will experience a mental health condition in their lifetime. Sadly, however, the topic of mental health is often misunderstood, and the people who battle this disease too often feel stigmatized. Feeling stigmatized can have real and lasting consequences.…
10-8-2018
A Better ExperienceA Better WayA Higher Standard Why can’t healthcare be awesome? At Abarca, finding a way to improve the member experience isn’t something we strive for, it’s something we live for. Members see our dedication to delivering a better experience in our everyday interactions as well as our more customized services. Take, for…
10-1-2018
A Better ExperienceA Better WayA Higher Standard Fort Lauderdale, FL – Juan Carlos Ruiz, Abarca’s Chief Technology Officer, has been selected as a finalist for the South Florida Business Journal’s 2018 Technology Awards-CIO. Juan Carlos is one of only nine CIOs across both private and public companies to earn this recognition. “Juan…
9-17-2018
A Higher StandardAwardsOur People
Expanded Agreement Builds on True Partnership, Important Accomplishments Abarca has been selected by Triple-S, the managed care market leader in Puerto Rico, as the pharmacy benefits manager for the company’s Commercial and Medicare businesses. Once fully implemented, this agreement will cover…
9-4-2018
A Better WayA Smarter PlatformNews Building a different kind of company requires fostering a very different mindset among its leadership. To accomplish this, we at Abarca have developed a 12-week boot camp to train leaders of others in fundamental managerial skills and new thinking about personal development. We also designed the…
8-27-2018
A Better WayA Higher StandardOur People Every year, the Colegio de Farmacéuticos de Puerto Rico acknowledges a group of pharmacists that have excelled in the profession. This year, they have recognized Michelle Morales, Abarca’s Clinical Programs Manager, as a Young Distinguished Pharmacist. “I am honored to receive this…
8-20-2018
A Better WayAwardsConferences and EventsOur People
At Abarca, we are constantly pursuing new and better ways to deliver greater value and accountability for plans and members, and we see great opportunities in drug contracting. We’ve already announced innovative agreements with Amgen and Biogen, and are close to announcing additional contracts…
8-9-2018
A Higher StandardConferences and Events Value and outcomes-based contracting models are getting a lot of attention these days, and for good reason. Unlike the one-size-fits-all pricing of the past, these approaches tie the ultimate price of a drug to factors such as whether the medication worked as planned, or whether it was cost…
8-1-2018
A Better Way
Abarca is honored to be selected by Caribbean Business as a Power 100 company. We strive to be a PBM that is unlike any other organization, with a smarter technology platform, a better experience to consumers and healthcare payers, and a higher standard of transparency. “I’m thrilled that…
6-22-2018
A Better ExperienceAwards 1 How do you ensure we always pay the lowest net cost for drugs? Are you willing to guarantee it? At Abarca, we always operate in your best financial interest—always. This means that, unlike most PBMs, we design and administer benefits to ensure the use of the lowest net cost brand and…
6-20-2018
A Better ExperienceA Better WayA Higher Standard Newtown Square, PA - Abarca, a company that is upending the pharmacy benefit management industry with an entirely new approach to technology and business practices, announced that it had signed an agreement to provide Comprehensive Script Management (CSM) with Darwin, its smarter PBM platform.…
6-19-2018
A Better ExperienceNews Orlando, FL -- Abarca, a pharmacy benefit manager (PBM) that is disrupting the industry with an entirely new approach to technology and business practices, today announced that its CEO Jason Borschow has been recognized with an EY Entrepreneur of the Year® 2018 Award in the Florida region.…
6-14-2018
A Higher StandardAwards
At the 2018 AMCP Annual Conference, there was a lot of discussion about important trends in healthcare. Here are two particularly noteworthy examples: The Rise of Value-Based Agreements There are many individual components that determine the pieces of information that can feed into the value…
5-23-2018
A Better ExperienceOur People
Last week, members of the Abarca team attended the AMCP Annual Conference in Boston. We connected with existing clients and shared information about how we are shaking up the industry with new friends. We also introduced the world to Darwin--the latest generation of our smarter platform.…
5-4-2018
A Smarter PlatformConferences and Events
Boston, Mass. – Abarca, a pharmacy benefit manager (PBM) that is disrupting the industry with a completely new approach to technology and business practices, today launched Darwin, a smarter PBM platform, at AMCP’s Managed Care & Specialty Pharmacy Annual Meeting. Darwin is a first-of-its…
4-25-2018
A Higher StandardA Smarter Platform
San Juan, PR - Adriana Ramirez, Abarca’s Chief Legal & Compliance Officer, was featured as a panelist at the Puerto Rico Health & Insurance Conference. This year’s conference focused on the opportunities for growth and change as Puerto Rico recovers from Hurricane María. Adriana was…
3-9-2018
A Higher StandardOur People Palm Springs, CA – Abarca today announced that it was awarded the Pharmacy Benefit Management Institute (PBMI) Excellence Award for Quality Improvement Strategies for its groundbreaking work on medication therapy management (MTM) programs. The award was based in part on Abarca’s success in…
3-7-2018
A Higher StandardAwards
Miami, FL – Abarca, a pharmacy benefit manager that is disrupting the industry with smarter technology and innovative strategies, today announced it has signed an outcomes-based contract with Amgen for the cholesterol-lowering drug, Repatha® (evolocumab). This agreement is the first of its kind…
2-22-2018
A Higher StandardNews On February 9th, Puerto Rico’s most influential and inspiring business leaders came together to share ideas and hear from international business visionary Anthony Iannarino. The event brought together leaders from different organizations, industries, and expertise, but at the end of the day we all…
2-22-2018
A Higher StandardConferences and Events
Philadelphia, PA– Samir Mistry, Abarca’s Vice President of Rebates and Pricing Strategies, will be a featured panelist at the CBI Reimbursement and Contracting conference January 24-25, 2018 in Philadelphia. Samir has been selected to lead two discussions that will cover best practices in…
1-16-2018
A Higher StandardOur People
Washington, D.C.— Abarca is proud to announce it has been again awarded URAC’s Pharmacy Benefit Management (PBM) Accreditation. This designation was given in recognition of Abarca’s high clinical, quality, and service standards. After undergoing URAC’s rigorous evaluation process, Abarca…
12-13-2017
A Higher StandardAwards San Juan, PR - Adriana Ramirez, Abarca’s Chief Legal and Compliance Officer, participated in the 6th Annual Cyber Forum: Cyber Risks ... Meeting the Challenges, Monitoring Risks hosted by the Association of Certified Public Accountants of Puerto Rico. Adriana was a featured speaker on the…
12-9-2017
A Higher StandardOur People The healthcare news has been abuzz with reports that Amazon, the company that upended the retail, publishing, movies, groceries, and countless other industries is now taking on the drug distribution channel. Think of the companies that Amazon has disrupted out of business (remember Borders?…
12-4-2017
A Higher StandardNews San Juan, Puerto Rico – An unprecedented alliance comprised of multiple health insurers, service providers, industry associations and the government of Puerto Rico announced the start of an advertising, public relations and outreach campaign titled “Visit Your Doctor Today,” which aims to help…
11-28-2017
A Higher Standard
Last month, members of the Abarca team attended AMCP Nexus. We spent three exhilarating days meeting with attendees, conducting demos, and sharing the Abarca story with the best and brightest in the industry. Didn't have a chance to stop by our booth? Check out our video and photos from the…
11-17-2017
A Better ExperienceA Higher StandardA Smarter PlatformConferences and Events
At Abarca, we don’t believe in making simple things complicated. Here’s a perfect example: Consumers should be charged the lowest available cost for their medications. Although this may sound straightforward, somehow it is at the center of a heated debate. You may have seen one of the press…
10-27-2017
A Higher Standard THE CHALLENGE A division of a Fortune 200 drug maker relied on a respected health plan for both medical and pharmacy benefits for several years. But as the group grew and the cost of the drug benefits increased, they considered contracting separately, or carving out, pharmacy components of the…
10-13-2017
A Better ExperienceCase Studies
SAN JUAN, PR -- Abarca, a pharmacy benefit management (PBM) and technology company that serves more than two million lives across the nation, has signed a value-based reimbursement contract with Biogen Inc. (NASDAQ: BIIB) for select products in Biogen's leading multiple sclerosis (MS) portfolio.…
7-28-2017
A Higher StandardNews Philadelphia, PA— The market access, pricing, and reimbursement landscape is rapidly evolving as stakeholders shift to a value-based healthcare system. The transition to a value-based healthcare system, coupled with increasing drug pricing scrutiny and mounting uncertainty related to potential…
7-16-2017
A Better ExperienceOur People
San Juan, PR -The Puerto Rico Chamber of Commerce announced this year’s awarded entrepreneurs at their annual convention. Jason Borschow, chief executive officer for Abarca, was recognized with the Teodoro Moscoso Award which in the past has been handed to top entrepreneurs who have made an impact…
6-15-2017
A Higher StandardOur People
SAN JUAN, PR -- Triple-S Management Corporation (NYSE: GTS), a leading managed care company in Puerto Rico; today announced the star ratings for its Medicare Advantage plans from the Centers for Medicare and Medicaid Services (CMS) for the payment year 2018. The purpose of this rating system is to…
10-13-2016
A Higher Standard Washington, DC — Javier Gonzalez, chief operating officer of Abarca, will advise specialty pharmacy leaders on "Government Funded programs and Specialty Drugs: Changing Market Controls and Future Models" as a panelist for 2016 NASP Annual Meeting & Expo, the most important specialty pharmacy…
8-26-2016
A Higher StandardOur People San Juan, PR - Adriana Ramírez, Esq., Abarca's General Counsel, was named to Caribbean Business', "40 under 40” special edition. The edition recognizes 40 executives under 40 years of age who have been identified as the most promising, up and coming business leaders of Puerto Rico. This…
11-30-2014
A Higher StandardOur People San Juan, PR – Abarca is proud to announce that it has been awarded URAC’s Pharmacy Benefit Management (PBM) Accreditation as of October 1, 2014. As a URAC-accredited organization, Abarca demonstrates a commitment to continuous improvement and quality healthcare in its PBM business. After…
9-30-2014
A Higher StandardAwards San Juan, PR - Nayda Rivera, Abarca’s Government & Industry Partnerships Director, has been selected by her pharmacist peers as the Puerto Rico College of Pharmacists (“PRCPh”) new President-Elect. The election took place at the PRCPh’s Annual Convention held on from August 21th to 24th…
8-27-2014
A Higher StandardOur People
San Juan, PR - Abarca is pleased to announce the extended rollout of the RxTarget Quality Network, a specially selected network of quality pharmacy providers dedicated to using information technology to improve health outcomes in their communities. By partnering with Abarca, network pharmacies…
7-14-2014
A Better Experience San Juan, PR - Abarca, a leading provider of health information technology and pharmacy benefit management (PBM) solutions, is pleased to announce that it has released RxTarget, an internally developed predictive analytics tool that enables Plans to efficiently focus interventions on those…
3-1-2014
A Smarter Platform
San Juan, PR – Abarca was awarded 1st place in Microsoft’s 2009 Tech Challenge Competition for preparing a BI solution initially used at Pharmacy Insurance Corporation of America (PICA). Abarca’s BI solution was evaluated by a team of industry experts against a set of criteria that included…
4-13-2009
A Smarter PlatformAwards 