Managed Care

 

PCS Can Be Had, Maybe for Less Than a Year Ago

MANAGED CARE January 2000. © MediMedia USA
News and Commentary

PCS Can Be Had, Maybe for Less Than a Year Ago

MANAGED CARE January 2000. ©1999 MediMedia USA

For the second time in a little over a year, a "for sale" sign hangs on PCS Health Systems, the country's largest pharmacy benefit manager. Rite Aid, the pharmacy chain that bought PCS from Eli Lilly in late 1998, faces a cash-flow crunch, and is willing to listen to offers for it.

Analysts say Rite Aid is unlikely to recover the $1.5 billion it spent on PCS, triggering questions about the value of PBMs. Lilly sold PCS for a third of what it paid for it in 1994.

Rite Aid lost $68 million in its second quarter. Its decision comes before the chain ever got to implement its strategy to free Rite Aid pharmacists — who would be armed with data about PCS's 50-million-plus members — to engage in greater patient counseling and health-related activities.

Meetings

4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015