Expanded Agreement Builds on True Partnership,
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 568,000 members and over $600 million in annual drug spending. Since 2012, Abarca has served Triple-S’ Medicare Advantage programs.
“Triple-S and Abarca share a deep commitment to improving the healthcare experience in Puerto Rico,” said Roberto García-Rodríguez, Chief Executive Officer of Triple-S Management. “With innovation and market-leading scale, together, we will improve our ability to deliver high quality, accessible, and affordable healthcare to Puerto Ricans of every age, health status, and income level.”
Over the past three years, Abarca and Triple-S have launched bold new initiatives, including value-based contracts with pharma companies for high-cost medications, a quality and performance-based pharmacy network, and clinical programs to improve outcomes and reduce the costs for patients with Hepatitis C. These programs are delivered using Darwin, the most advanced, integrated pharmacy benefit management platform in the industry.
“After a thorough selection process, we chose to expand our current relationship with Abarca based on their outstanding track record of providing Triple-S with excellent pharmacy benefits and customer service,” said Madeline Hernández-Urquiza, President of Triple-S. “In an environment where new drugs are constantly entering the market and price fluctuations are ever-present, our agreement with Abarca allows for a true partnership.”
“We have been working side-by-side with Triple-S for the past six years and have accomplished incredible things together,” said Jason Borschow, Abarca’s CEO. “But with a bold vision, a fierce commitment to the people of Puerto Rico, and two teams that operate like family, in many ways we’re just getting started.”
Learn more about the Triple-S and Abarca PBM partnership.