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

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.

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

Apply via email to jfedder1@hfhs.org or online at http://p.rfer.us/HENRYFORDlXqAJA

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