Saturday, September 02, 2006

PRAM Insurance to Provide Pharmacy Benefit Management Services by Regence Rx

PORTLAND, OREGON


The Regence Group is supported by the Blue Cross Blue Shield name, and its years of experience and strong reputation in providing .


The Regence Group announced today that its pharmacy benefit management subsidiary, RegenceRx, has been retained by PRAM Insurance Services, Inc. to provide comprehensive pharmacy benefit management services for PRAM clients. Based in California, PRAM is one of the nation’s leading Pharmacy Underwriters.


The company also provides pharmacy consulting, underwriting and employee benefit services to local, regional and national accounts. RegenceRx will provide PRAM and its clients with a full range of services including prescription drug coverage, claims processing, a Preferred Medication List, clinical support, customer support, an extensive retail pharmacy network, mail order pharmacy network, specialty pharmacy network and comprehensive consumer tools and information. “We appreciate the opportunity to extend our best-in-class pharmacy services and clinical expertise to PRAM and its clients,” said David Clark, President of RegenceRx.


“We share PRAM’s commitment to providing consumers with safe, cost-effective and clinically sound medication options and we look forward to partnering with PRAM to provide high-quality pharmacy care.”


RegenceRx, one of the nation’s few not-for-profit pharmacy benefit management groups, is a wholly-owned subsidiary of Regence.


Created in 1996, Regence is the largest health insurer in the Northwest/Mountain State Region, operating Blue Cross/Blue Shield plans in Oregon, Washington, Utah and Idaho. It includes Regence BlueShield of Idaho, Regence BlueCross BlueShield of Oregon, Regence BlueCross BlueShield of Utah and Regence BlueShield (in Washington).


Through these plans, Regence provides health, life, vision and dental insurance to nearly three million members. Regence plans are not-for-profit, independent licensees of the Blue Cross and Blue Shield Association. More than one in three Americans have coverage from the Blues.

The Regence Group is headquartered in Portland, Oregon, and employs approximately six-thousand individuals in Washington, Oregon, Idaho, and Utah. The Regence Group has a vast selection of providers in each of these states, with a total of approximately 38,532.

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