January 2009 Edition
SunTrust Bank has partnered with ConnectYourCare, a provider of consumer-directed health care account management solutions, to deploy a turn-key solution for administering health savings accounts (HSA). The solution will re-brand ConnectYourCare’s topranked CDHC platform that includes: financial claims adjudication, a health care payment card, integrated account management, online health care tools, and HSA investment options. The partnership will give SunTrust access to ConnectYourCare’s suite of online administrative tools and services including: real-time employer transparency and control tools; participant health education and empowerment tools; and a banking and investment platform. The SunTrust solution includes competitive HSA investment options so account holders can choose how to invest the funds. Account holders will have access to HSA investments through a single sign-on portal where they can view and select investment choices that include an FDIC-insured deposit account and several mutual funds. www.ConnectYourCare.com, www.suntrust.com
URAC, a Washington, DC-based health care accrediting organization, awarded case management accreditation to Corphealth, a health and productivity improvement company and a wholly-owned Humana Inc. (NYSE: HUM) subsidiary that serves more than 9.4 million members. Corphealth began its case management integrated medical behavioral health program in March 2007. www.humana.com
Premera and its affiliated companies selected Walgreens Specialty Pharmacy as 1 of 2 preferred providers of specialty pharmacy services under a new, multiyear contract. Based in M oun tlake Terrace, WA, Premera companies provide health, lifevision, dental, and long-term care insurance to more than 1.7 milli on members in Washington, Alaska, Oregon, and Arizona. As the lar g est in d epen dent provider of specialty pharmacy services and the 4th-largest specialty pharmacy in the country, Walgreens Speci alty Pharmacy will offer patient management services to Pr em er a m embers who use specialty medications for chronic and complex health conditions including cancer, hepatitis, multiple sclerosis, psoriasis, and rheumatoid arthritis.
Walgreens Specialty Pharmacy will provide Premera with medication fulfillment, patient education, and clinical support services. Its pharmacists and nurses also will counsel patients on the importance of medication adherence and managing sideeffects. Walgreens Specialty Pharmacy LLC., a wholly-owned subsidiary of Walgreen Co. (NYSE, NASDAQ: WAG), is operated by its managed care division, Walgreens Health Services, a national provider of injectable and biopharmaceutical medications. Walgreens is the nation’s largest drugstore chain with fiscal 2008 sales of $59 billion and operating 6,443 drugstores in 49 states, the District of Columbia, and Puerto Rico. www.premera.com, www.walgreens.com