Express Scripts Awarded 7-Year TRICARE Pharmacy Program Contract
ST. LOUIS, April 18, 2014
ST. LOUIS, April 18, 2014 /PRNewswire/ -- The U.S. Department of Defense today
awarded Express Scripts (NASDAQ: ESRX) administration of the TRICARE Pharmacy
Program, Fourth Generation (TPharm4) contract serving approximately 10 million
Express Scripts, St. Louis, Missouri.
"Express Scripts is proud to continue providing world-class service and
specialized pharmacy care to our men and women in uniform, along with their
dependents and also to military retirees," said George Paz, chairman and chief
executive officer, Express Scripts. "This award reaffirms the Express Scripts
business model that aligns client and beneficiary interests with our
commitment to control costs, drive out pharmacy waste and improve health
The seven-year contract will include administering a retail pharmacy network,
operating the TRICARE Mail Order Pharmacy and providing specialty pharmacy
services effective May 1, 2015. Express Scripts has been providing the DoD's
home delivery and retail pharmacy network services since 2003 and 2004,
respectively, adding specialty pharmacy in 2009.
Express Scripts' technical and administrative services will expand under the
TPharm4 contract, as the company will serve the pharmacy needs of the military
worldwide, including Military Treatment Facilities.
Express Scripts has achieved beneficiary satisfaction ratings as high as
98.3%, while consistently delivering significant savings for the DoD through
cost-containment strategies such as increasing home delivery, driving deep
retail network discounts and administering advanced clinical programs with
About Express Scripts
Express Scripts manages more than a billion prescriptions each year for tens
of millions of patients. On behalf of our clients — employers, health plans,
unions and government health programs — we make the use of prescription drugs
safer and more affordable. Express Scripts uniquely combines three
capabilities — behavioral sciences, clinical specialization and actionable
data — to create Health Decision Science^SM, our innovative approach to help
individuals make the best drug choices, pharmacy choices and health choices.
Better decisions mean healthier outcomes.
Headquartered in St. Louis, Express Scripts provides integrated
pharmacy-benefit management services, including network-pharmacy claims
processing, home delivery, specialty benefit management, benefit-design
consultation, drug-utilization review, formulary management, and medical and
drug data analysis services. The company also distributes a full range of
biopharmaceutical products and provides extensive cost-management and
For more information, visit Lab.Express-Scripts.com or follow @ExpressScripts
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SOURCE Express Scripts
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