Catamaran Corporation

Catamaran Corporation (pronunciation: /ˌkatəməˈran kɔːr.pəˈreɪ.ʃən/) is a leading provider of pharmacy benefit management services and healthcare IT solutions. The company was formerly known as SXC Health Solutions Corp. and changed its name to Catamaran Corporation in 2012.

Etymology

The term "catamaran" is derived from the Tamil word 'kattumaram', which means "tied wood". The company's name reflects its commitment to binding together the various aspects of healthcare management to provide comprehensive solutions.

History

Catamaran Corporation was founded in 1993 as Systems Xcellence, a software provider for the pharmacy industry. In 2006, the company merged with National Medical Health Card Systems, Inc., a pharmacy benefit management company, and changed its name to SXC Health Solutions. In 2012, the company merged with Catalyst Health Solutions and rebranded as Catamaran Corporation.

Services

Catamaran Corporation offers a range of services including pharmacy benefit management, specialty pharmacy services, and healthcare IT solutions. The company's pharmacy benefit management services include drug utilization review, formulary management, and pharmacy network management. Its healthcare IT solutions include claims processing systems and data analytics tools.

Acquisition by OptumRx

In 2015, Catamaran Corporation was acquired by OptumRx, the pharmacy care services division of UnitedHealth Group. The acquisition expanded OptumRx's capabilities in pharmacy benefit management and healthcare IT solutions.

Related Terms

External links

Medical encyclopedia article on Catamaran Corporation
Wikipedia's article - Catamaran Corporation

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Catamaran Corporation