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.