News Releases

March 1, 2006

Third Party Administrator JI Companies Partners with Pharmacy Benefit Management Company

AUSTIN, TEXAS – JI Companies (www.jicompanies.com) has entered into an agreement with Cypress Care (www.cypresscare.com), the first pharmacy benefit management (PBM) company focused exclusively on serving workers’ compensation programs. Under terms of the agreement, Cypress Care will facilitate the acquisition of authorized medications for injured workers, manage and drive down prescription costs, and enforce formulary guidelines.

“We are continuously looking for ways to help our clients bring down the cost of treating their injured workers,” commented Ken Kirk, Claims Manager for JI client Texas Association of Counties. “After conducting a thorough analysis of PBM’s, we concluded that Cypress Care’s innovative cost containment solutions would be in our clients’ best interests.” JI projects that many of their clients will save up to 50% leveraging the Cypress Care program.

About JI Companies
Serving organizations throughout Texas for over 20 years, JI Companies specialize in third party administration for all types of self-funded risk management programs: workers’ compensation; liability and property coverage; and health, dental, COBRA and Section 125 programs designed for employee benefits. JI provides public and private entities and associations throughout Texas with efficient claims administration, performance-driven results, and unparalleled customer service.