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22-Oct-2018

Abarca's Smarter PBM Platform Selected By PerformRx

Abarca's Smarter PBM Platform Selected By PerformRx Darwin platform to deliver a better experience for clients and members

PR Newswire

ORLANDO, Fla., Oct. 22, 2018

ORLANDO, Fla., Oct. 22, 2018 /PRNewswire/ -- Abarca announced at the opening of the Academy of Managed Care Pharmacy Nexus Conference that PerformRx, a leading national full-service PBM headquartered in Philadelphia, PA, has selected Darwin, Abarca's PBM technology platform, to serve its key clients.

"There is nothing like Darwin in the industry," said Mesfin Tegenu, M.S., R.Ph., President of PerformRx. "And we have learned that Darwin is more than an advanced software platform, it is supported by a commitment to a higher standard of service by the entire Abarca team."

Built in-house by Abarca, Darwin integrates claims processing, pharmacy network, prior authorizations, clinical programs, Medicare and Medicaid compliance, rebate management, and other critical PBM work streams into a single, fast, seamless interface. Invoicing, payments, and other financial functions can be integrated into a PBM's general ledger, streamlining the accounting cycle, and reducing overhead. Darwin is a cloud-based and mobile-ready platform that is scalable, flexible, and secure.

"Mesfin and the team at PerformRx have always been innovators who stay at the forefront of the market and we are proud to deliver them the industry's modern integrated and user friendly PBM technology," said Jason Borschow, Abarca's Chief Executive Officer. "Plans and PBMs are accustomed to overly complex platforms that are the result of years of patches, fixes, and workarounds. The era of legacy pharmacy benefit management systems is now ending."

Along with offering Darwin as a freestanding SaaS solution, Abarca also provides complete, end-to-end pharmacy benefits management covering more than 2.5 million lives and nearly 2 billion dollars in annual drug spend.

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 with each other and make healthcare awesome for everyone. With smarter technology and a straightforward approach to business, Abarca provides a much better experience and greater value for payers and consumers. For nearly a decade, they have challenged many industry conventions and trampled on a few. So, call them a PBM for discussion purposes, but they are unlike any other company out there. Join the revolution at abarcahealth.com.

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SOURCE Abarca

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Last Updated: 22-Oct-2018