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Case Analysis : Prt Llc Essay

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PRT LLC Background Information PRT LLC is one of the leading pharmacy benefit management company in the United States. The company has over 2800 employees all is the largest privately owned pharmacy benefit management company in the United States. The company is headquartered in Eagan, Minnesota, with 3 other locations in Minnesota. PRT has 15 other locations in western, eastern and southern United States. The company operates mainly to offer pharmacy benefit management services for a major health insurer, TCTS. It also manages Drug Utilization Review for TCTS, the U.S government via Center for Medicare and Medicaid Services (CMS) and the enrolled member or patient. Pharmacy benefits are managed for enrollee through cost savings and drug utilization management. PRT is a for-profit company, but its parent company TCTS is a non-profit organization. PRT offers generous benefits to its employees and constantly modifies its information technology IT infrastructure to be in sync and competitive with other competition. The cost savings are also passed onto to enrolled members through clinical review and mail order pharmacy savings. PRT signs contracts with different plans all within the TCTS coverage, and these plans are regulated and rated by CMS and TCTS. These ratings are dependent on feedback and results from reviews of request completed for enrolled members within a specific period of time. A standard request has a maximum or turn-around-time (TAT) of 72 hours, while an urgent

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