Last updated on April 16, 2014 at 1:21 EDT

Catamaran Corporation Receives Two Prestigious Awards for Innovative Healthcare Tools

October 29, 2012

Risk Prediction Tool awarded Silver Honors from URAC while Enhanced
Coordination of Benefits program receives Chicago Innovation Award

LISLE, IL, Oct. 29, 2012 /PRNewswire/ – Catamaran Corp. (NASDAQ: CTRX) (TSX:
CCT), a leading provider of technology and pharmacy benefit management
(PBM) services, was awarded two prestigious awards this month for its
continuous dedication to developing innovative solutions that improve
health outcomes and reduce costs.

Catamaran was named a 2012 Chicago Innovation Awards Top Ten Winner for its Enhanced Coordination of Benefits program. The industry-first
program delivers savings for clients through proper identification of
the appropriate payer of a claim while improving the quality of care
and the delivery of benefits for patients.

“Catamaran’s Enhanced Coordination of Benefits program is the only
offering on the market that is performed proactively rather than after
a claim is processed and paid, saving dollars, resources and time,”
said John Romza, Catamaran’s Executive Vice President, Research and
Innovation. “It is just one example of our passion for creating
leading-edge programs that save money and pave the way for a healthier,
more productive society.  We are proud to be a contributor to our
headquarter city’s rich history of ingenuity.”

The winners were announced at an event held at Chicago’s Harris Theater
on Monday October 22, with more than 1,200 business and civic leaders
attending.  The Chicago Innovation Awards, celebrating its 11th year,
is the Chicago region’s foremost recognition of the most innovative new
products or services brought to market or to public service each year.

Catamaran also received the Silver Honors for Healthcare Consumer Empowerment and Protection by URAC, a renowned healthcare accreditation organization. The honor
was announced at a gala reception during the 2012 URAC Quality Summit
and Awards Program, held in San Francisco, Calif. in October. The award
recognizes achievements of organizations that effectively advance the
role of consumers as active participants in healthcare.

Catamaran received the distinction for its Real-time Solutions to Collaborate and Improve Adherence, an initiative developed in partnership with the University of Toledo.
The program addresses non-adherence to medical therapies and leverages
Catamaran’s proprietary risk prediction tool to address gaps in care to
reduce costs and improve health outcomes.

“We are honored to receive this prestigious award through our
partnership with the University of Toledo and are eager to leverage its
cost-reducing, health-enhancing capabilities for all Catamaran
clients,” said Sumit Dutta, Senior Vice President and Chief Medical
Officer of Catamaran. “The program strongly supports Catamaran’s
mission of empowering each and every patient to take charge of their
health through targeted clinical programs that bridge information

“By identifying and addressing patient health risk in real-time,
Catamaran’s program has the potential to reduce our operational costs
by more than 15 percent,” said Cindy Puffer, Managed Care Pharmacy
Operations Manager, University of Toledo. “It also empowers our
employees to improve their own health status, improves information
sharing between pharmacists and prescribers, and perfectly integrates
with our patient-centered medical home model.”

“URAC’s Best Practices awards program is a unique celebration of
innovative healthcare management programs. These organizations have
implemented programs that have made a difference in the lives of the
consumers they serve with demonstrable results that matter,” said Alan
P. Spielman, URAC President and CEO. “This year’s winners are
recognized for their leadership in delivering on the promise of a
quality healthcare system that puts consumers first.”

About Catamaran
Catamaran, the industry’s fastest-growing pharmacy benefit manager,
helps organizations and the communities they serve take control of
prescription drug costs. Managing more than 200 million prescriptions
each year on behalf of 25 million members, our flexible, holistic
solutions improve patient care and empower individuals to take charge
of their health. Processing one in every five prescription claims in
the U.S., Catamaran’s skill and scale deliver compelling financial
results and sustainable improvement in the overall health of members.
Catamaran is headquartered in Lisle, Ill. with multiple locations in
the U.S. and Canada. For more information, please visit www.catamaranRx.com.

SOURCE Catamaran

Source: PR Newswire