Xerox Helps Pharmacy Benefits Manager Analyze Claims with Analysis Tool; Robert Willett Comments

Xerox_LogoXerox and Cypress Care have partnered for a pharmacy benefits management program that uses a Xerox software platform designed to help process workers’ compensation and car insurance claims.

A feasibility study found the program helped reduce pharmacy spending on each insurance claim by 33 percent and increase the number of pharmacy bills in the program by 49 percent, Xerox said Wednesday.

Robert Willett, Xerox managing director of insurance, said the companies seek to increase the number of insurance companies that use pharmacy benefit management tools.

The company provided its CompIQ platform to the program, aiming to raise the percentage of Cypress Care pharmacy claims.

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