Dallas, Texas – May 30, 2007 – Pharmaceutical Strategies Group (PSG) announced today that it has been awarded contracts to provide pharmacy benefit consulting services for The Health Plan of the Upper Ohio Valley, Inc., with 160,500 covered lives; and Colorado Springs Utilities in Colorado Springs, Colo., with 4,357 covered lives. The agreements vary in scope with each company.
“The addition of these companies to PSG’s client roster demonstrates their confidence in our ability to deliver solutions to help them improve outcomes for their members and lower program costs. Our strategy of hiring the most experienced consulting talent in the business, providing superior value for our fees and following a disciplined consulting process continues to be validated in the marketplace as we continue to grow our client base in the face of intense competition from firms of larger size and scope,” says Tim Watson, Pharm.D., M.B.A., principal of PSG.
Over its 12-year history, PSG, the nation’s largest independent pharmacy benefits consulting firm, has completed more than 500 competitive procurement engagements with pharmacy benefit managers (PBMs) on behalf of its clients. PSG has grown exponentially over the past decade from a small handful of clients to more than 200 today, representing some 6.5 million covered lives.
About Pharmaceutical Strategies Group
The Pharmaceutical Strategies Group, based in Dallas, Texas, assists plan sponsors in designing, implementing and managing programs that will maximize the value of pharmaceuticals in their population. PSG serves over 200 clients, including leading employers, health plans, unions and public sector entities. The strategies employed by PSG consultants allow plan sponsors to gain immediate control over their pharmacy benefit spend, while positioning their program to successfully negotiate pharmacy benefit challenges of the future. For more information, visit www.psgconsults.com.
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