| Business Summary | | AdvancePCS
is
a
provider
of
health
improvement
services
in
the
United
States.
As
a
pharmacy
benefit
management
company
(PBM)
AdvancePCS
currently
serves
more
than
75
million
health
plan
members
and
manage
more
than
$21
billion
in
prescription
drug
spending
on
an
annualized
basis
on
behalf
of
the
Company's
health
plan
sponsors.
In
addition,
the
Company
offers
a
wide
range
of
other
health
improvement
products
and
services,
such
as
prescription
discount
cards
for
the
uninsured
and
under-insured,
Web-based
programs,
disease
management,
clinical
trials
and
outcomes
studies.
The
Company
generates
revenues
by
providing
its
health
improvement
services
to
two
primary
customer
groups:
health
plan
sponsors
and
pharmaceutical
manufacturers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ADVP
provides
health
benefit
management
services,
providing
integrated
pharmacy
benefit
and
disease
management
and
clinical
research
programs.
It
also
transacts
business
with
pharmaceutical
manufacturers
as
both
suppliers
and
customers.
For
the
three
months
ended
6/01,
revenues
totalled
$3.15
billion,
up
from
$553.2
million.
Net
income
totalled
$25.2
million,
up
from
$5.9
million.
Results
reflect
the
acquisition
of
PCS
and
an
improved
operating
margin
due
to
greater
economies
of
scale. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Halbert, 44 Chairman,
CEO | $985K | $205K | David George, 44 Pres,
Director | 437K | -- | Jon Halbert, 40 Vice
Chairman, and Head of e-Bus. and Technology | 528K | -- | T. Danny Phillips, 41 Exec.
VP, CFO, Sec., Treasurer | 407K | 80K | Joseph Filipek, Jr., Ph.D., 45 Exec.
VP | 338K | 342K | Dollar amounts are as of 31-Mar-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|