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

Xerox Helps Pharmacy Benefits Manager Analyze Claims with Analysis Tool; Robert Willett Comments - top government contractors - best government contracting event

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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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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