PORT WASHINGTON, N.Y., April 6 /PRNewswire-FirstCall/ -- National Medical Health Card Systems, Inc. , a national independent Pharmacy Benefits Manager (PBM) announced this week that it has received the endorsement of The United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada -- most commonly abbreviated, "UA." Operating as a large affiliation, this multi-craft union has approximately 326,000 highly skilled enrolled members who belong to 321 individual local unions across North America.
UA employed the services of Rx Auditors & Consultants, a firm with 25 years of professional experience in the employee benefit field, to assist in the process of identifying the best PBM for their members. After a thorough auditing process, the UA identified NMHC as the best solution to provide better drug benefits for less cost to local benefit funds and its members. "NMHC's size, corporate culture, pricing, experience with labor coalitions, willingness to accept our strict requirements, and ultimately their commitment to UA, were the deciding factors. As a result of our extensive analysis, we unanimously agreed that NMHC would best fit our programs," said Martin Maddaloni, General President. Rx Auditors & Consultants will act as a liaison between NMHC and UA, working closely during the plan design phase and providing continuous monitoring of compliance and conducting spot and annual audits.
"We are extremely honored to be awarded this contract," said Patrick McLaughlin, President of NMHC Rx. "UA and their consultants had a rigorous selection process and a powerful commitment to maintaining care while managing costs. Our Preferred Partnership contracting model of fully aligning incentives is the perfect fit for UA and their membership." McLaughlin continued, "Earning UA's endorsement is another validation of our Total Healthcare Solutions approach to servicing our clients.
About UA
Founded in 1889, UA is one of the most respected and influential building trades unions in the U.S. and Canada today. The United Association has been training qualified pipe tradesmen longer than anyone else in the industry and boasts the premier training programs available in the industry today. Its members are engaged in the fabrication, installation and servicing of piping systems. The union serves as a collective voice for workers -- through negotiation and collective bargaining with employing contractor groups, such as the Mechanical Contractors Association of America, and the National Association of Plumbing-Heating-Cooling Contractors. The UA is also a key member of the Building and Construction Trades Department, the AFL-CIO, and the Canadian Federation of Labor.
About NMHC Rx
National Medical Health Card Systems, Inc. (NMHC) operates NMHC Rx (pharmacy benefits manager or PBM), NMHC Integrail (health information solutions), NMHC Mail (home delivery pharmacy), and NMHC Ascend (specialty pharmacy solutions), providing services to corporations, unions, health maintenance organizations, third-party administrators, and local governments. Through its clinical programs, value-added offerings, and advanced information systems, NMHC provides quality, cost effective management of pharmacy benefits programs.
Forward-Looking Statements
This press release contains forward-looking statements which involve known and unknown risks and uncertainties or other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used herein, the words "may," "could," "estimate," "believes," "anticipates," "thinks," "intends," "will be," "expects" and similar expressions identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For a discussion of such risks and uncertainties, including but not limited to risks relating to demand, pricing, government regulation, acquisitions and affiliations, the market for PBM services, competition and other factors, readers are urged to carefully review and consider various disclosures made by NMHC in the Company's Annual Report on Form 10K, as amended, for the fiscal year ended June 30, 2002 and other Securities and Exchange Commission filings.
Contact: Kent Johnson Marketing Manager (518) 456-1066, x1631 kjohnson@nmhc.com
National Medical Health Card Systems, Inc.CONTACT: Kent Johnson, Marketing Manager of National Medical Health CardSystems, Inc., +1-518-456-1066, ext. 1631, kjohnson@nmhc.com
Web site: http://www.nmhc.com/
