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Triple-S Management picks pharmacy benefits manager for commercial, Medicare biz

Triple-S Management Corp. chose Puerto Rico-based Abarca Health LLC as the pharmacy benefits manager for its commercial and Medicare business.

Under a three-year agreement that Triple-S Salud Inc. entered into, Abarca will consolidate the management of prescription drug benefit programs for Triple-S Management's commercial and Medicare business lines.

Abarca will also provide prescription drug claim processing, pharmacy network management and support or delivery of clinical programs for Triple-S Management commercial and Medicare Advantage members.

The Triple-S Management managed care subsidiary signed the agreement on its behalf and on behalf of Medicare Advantage subsidiary Triple-S Advantage Inc. The agreement is effective Jan. 1, 2019.