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news.Catalyst Rx, the pharmacy benefit management subsidiary of Catalyst Health Solutions, has extended its PBM contract for one-year with Mississippi's State and School Employees Health Insurance Management Board.
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The State of Mississippi and Catalyst Rx entered into a four-year agreement, effective January 1, 2006, that included an option to extend the contract for a fifth year, which the state elected to exercise.
The newly extended contract is active through December 31, 2010, and covers approximately 190,000 active and retired employees, as well as their eligible dependents.
David Blair, CEO of Catalyst Health Solutions, said: “The State of Mississippi’s decision to enter into a fifth year of service with Catalyst Rx reflects our ability to design innovative, effective pharmacy benefit management (PBM) programs that provide exceptional client results.
“We have worked very hard to provide the state and its members with exemplary service and have also exceeded all of the financial goals outlined in the contract while providing that service.”