Humana teams with Argus for industry-leading pharmacy claims processing and delivery of Medicare Part D Drug Benefit
LOUISVILLE, KY - May 13, 2005 - Humana Inc. (NYSE: HUM) announced today that Argus Health Systems will begin providing its pharmacy claims processing, reporting and benefits administration services to Humana in September 2005. Terms of the agreement were not disclosed. Argus will support Humana's core pharmacy initiatives such as the delivery of the Medicare Part D drug benefit strategy, as well as Humana's industry-leading and patent-pending RxImpact benefit, RxCalculator pricing tool and Maximize Your Benefit program.
"We chose Argus because of its best-in-class reputation and passion to leverage its technology for our commercial and Part D pharmacy benefit needs," said William Fleming, PharmD, vice president of pharmacy and clinical integration for Humana. "Like Humana, Argus' business philosophy embraces transparency and integrity in all transactions, which is core to our consumer strategy."
Argus provides processing, reporting and administration tools that complement Humana's consumer choice product offerings. Its robust pharmacy claims processing infrastructure is built to manage the sophisticated pharmacy benefits and customization that is required to work with Humana's customers. Likewise, Argus' technology and strategy provides Humana with tools to deliver Medicare Part D products in 2006.
"Humana has a reputation for developing innovative pharmacy benefits, and it focuses on bringing consumer-driven programs into health care. It is a leader in transforming the status quo in health benefits," said Charlie Schellhorn, president and chief executive officer of Argus Health Systems, Inc. "We look forward to working with Humana to support its goals of integrating pharmacy and medical benefits and developing programs that meet the needs of its customers."
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