Stock Symbol: ESRX
13900 Riverport Drive
Express Scripts Industry:
Express Scripts Description:
Express Scripts, Inc., an independent pharmacy benefit manager (PBM), provides integrated PBM services including network pharmacy claims processing, mail pharmacy services, benefit design consultation, drug utilization review and formulary management. The Company offers PBM services to clients in the United States and Canada. As of January 1, 2003, some of the Company's largest clients included United HealthCare Insurance Company, which manages the AARP Pharmacy Service, Blue Cross Blue Shield of Massachusetts, Blue Shield of California, Mutual of Omaha, the State of Georgia, Mid Atlantic Medical Services Inc., Group Health Incorporated, and effective, March 2003, the Department of Defense TRICARE Management Activity.
Express Scripts Financial Summary:
ESRX, an independent pharmacy benefit manager, provides integrated pharmacy benefit management services including network pharmacy claims processing, mail pharmacy services and more. For the 6 months ended 6/30/05, revenues rose 5% to $7.78B. Net income increased 38% to $187.3M. Revenues reflect an increase in the average revenue per network pharmacy claim. Earnings also reflect decreased interest expenses.
Express Scripts Business Summary:
Express Scripts, Inc. is an independent pharmacy benefit manager (PBM) in North America that provides a full range of pharmacy benefit management services, including retail drug card programs, mail pharmacy services, drug formulary management programs and other clinical management programs for thousands of client groups that include health maintenance organizations (HMOs), health insurers, third-party administrators, employers, union-sponsored benefit plans and government health programs. The Company's PBM services include retail network pharmacy management; mail pharmacy services, including distribution of specialty drugs; benefit design consultation; drug utilization review; formulary management programs; disease management, and compliance and therapy management programs for its clients. In addition, the Company also provides some non-PBM services through the Pharma Business Solutions (PBS) segment.