The 6-Year partnership expanded to include Medicare, Medicaid, and commercial pharmacy benefits.
San Juan, Puerto Rico – Abarca, a pharmacy benefit manager (PBM) disrupting the industry with a completely new approach to technology and business practices, today announced it was selected by Triple-S to manage the company’s Medicaid and commercial pharmacy benefits.
“We have been working side-by-side with Triple-S for the past three years and have accomplished great things together,” said Jason Borschow, Abarca Chief Executive Officer. “Now, with us expanding our work with Triple-S, the possibilities for a better way are endless. We couldn’t be more excited to continue serving Triple-S and their members.”
Triple-S is a leading managed care company in Puerto Rico, with a broad portfolio of managed care and related products in the Commercial, Medicare Advantage, and Medicaid markets under the Blue Cross Blue Shield marks. Until today, Abarca has provided PBM and clinical services such as medication therapy management and adherence programs to Triple-S Medicare Advantage and Medicaid programs.
Over the past three years, Abarca and Triple-S have launched bold new initiatives, including value-based contracts with pharma companies for high-cost medications; clinical programs to improve the health and reduce the costs for patients with Hepatitis C; and the implementation of the most advanced, integrated pharmacy benefit management platform in the industry.
“Triple-S and Abarca both have a deep commitment to improving healthcare in Puerto Rico,” said XXX, Triple-S XXX. “With innovation and heart, together, we will continue to deliver affordable and accessible healthcare to members of every age, health status, and income level.”
Abarca is a different kind of company and a different kind of PBM. It focuses on delivering a better experience for members and plans, and every single employee is committed to a higher standard of business practices.
Founded more than a decade ago, today, Abarca serves more than two million members and manages more than a billion dollars in drug spending.
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About Abarca
Abarca is igniting a revolution in healthcare. It started by redefining pharmacy benefits, but this is just the beginning. It is built on the belief that there is a better way for people and companies to work together, connect, and spread healthy living across the planet. Abarca’s more innovative platform, Darwin, is a first-of-its-kind technology built from the ground up by Abarca to be fully integrated and user-friendly. With more innovative technology and a straightforward approach to business, Abarca provides a much better experience and more excellent value for payers and consumers. They have challenged many industry conventions for nearly a decade and trampled on a few. So call them a PBM for discussion purposes, but they are unlike any other company. Join the revolution at abarcahealth.com.
About Triple-S
Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is one of the leading players in the managed care industry in Puerto Rico. Triple-S Management has the exclusive right to use the Blue Cross Blue Shield name and mark throughout Puerto Rico, the U.S. Virgin Islands, and Costa Rica. With more than 55 years of experience in the industry, Triple-S Management offers a broad portfolio of managed care and related products in the Commercial, Medicare Advantage, and Medicaid markets under the Blue Cross Blue Shield marks. It also provides non-Blue Cross Blue Shield branded life, property, and casualty insurance in Puerto Rico. For more information about Triple-S Management, visit www.triplesmanagement.com.