Catalyst Rx Announces PBM Contract Award by State of Nevada

Catalyst Rx, the pharmacy benefit management subsidiary of Catalyst Health Solutions, Inc. CHSI, today announced the award of a new service contract with the State of Nevada Public Employees' Benefits Program, following the State's competitive bid process. The new contract, covering 42,000 participants, is effective July 1, 2011 through June 31, 2015, with an optional one-year extension. Catalyst Rx first began administering pharmacy benefits for PEBP on January 1, 2002. During that time, Catalyst Rx provided the State with a fully transparent pricing model and unbiased trend management solutions focused on improving quality outcomes while reducing costs for consumers and taxpayers.