HealthExtras, Inc. (HLEX) is a provider of pharmacy benefit management services (PBM) and supplemental benefits. HealthExtras currently provides benefits to five million members. The company's PBM segment, which operates under the brand name Catalyst Rx, accounted for 97% of its revenue in 2006. HealthExtras PBM clients include more than 1,000 self-insured employers, including state and local governments, third-party administrators (TPAs), and managed care organizations, who contract with HealthExtras to administer the prescription drug component of their overall health benefit programs. The company's integrated PBM services include claims processing, benefit design consultation, drug utilization review, formulary management, drug data analysis services, and mail order services. Additionally, HealthExtras provides access to a national network of over 58,000 pharmacies and maintains an electronic point-of-sale system of eligibility verification and plan design, while offering access to rebate arrangements for certain branded pharmaceuticals. The company also offers supplemental benefit programs under the brand name HealthExtras, which include lump sum accidental disability benefits, accidental death and dismemberment benefits, and emergency accident and sickness medical benefits. The company contracts with insurance companies to underwrite the insurance components of these programs. As a result, the financial responsibility for the payment of claims resulting from a qualifying event covered by the insurance features of its programs is borne by the third-party insurers. The company's supplemental benefits segment accounted for 3% of the company's revenue in 2006. Individuals are the major purchasers of these programs.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki