PharmaCare Announces Agreement with SureScripts(R)
LINCOLN, R.I.--(BUSINESS WIRE)--Oct. 25, 2006--In BW5118 issued Oct. 25, 2006: Third graph, first sentence should read: ...explained Greg Weishar, PharmaCare's President and CEO. (sted: explained Greg Weishar, PharmaCare's CEO,)
The corrected release reads:
PHARMACARE ANNOUNCES AGREEMENT WITH SURESCRIPTS(R)
Physicians Can Access Information on Patient Formulary, Eligibility and Medication History in Real-Time, During Patient Visits
PharmaCare today announced an agreement with SureScripts(R), the nation's largest network provider of electronic prescribing services. It will allow physicians using SureScripts certified technology to access information regarding a patient's drug formulary and eligibility - in real time, during the patient's office visit. Putting formulary and eligibility information at a physician's fingertips eliminates many of the questions that often require pharmacists and prescription benefit managers (PBMs) to place multiple phone calls to a physician's office.
SureScripts' unique ability to connect to medication history data from the nation's community pharmacies and present that data to physicians will also be enhanced by the addition of medication history data from PharmaCare. This will provide physicians with a more complete, timely and clinically sound view of a patient's medication history. Under a separate agreement, PharmaCare's mail service and specialty pharmacies will also have the ability to receive electronic prescriptions from physicians using a SureScripts Certified Solution(TM).
"Our agreement with SureScripts is part of our commitment to patient safety and customer service," explained Greg Weishar, PharmaCare's President and CEO. "SureScripts' innovative use of technology provides a critical checks and balance component to the prescribing process and will help PharmaCare increase the safety, efficiency and cost-effectiveness of our benefit management services."
With today's announcement, PharmaCare takes a major step toward complying with the Medicare Modernization Act (MMA). The MMA requires Prescription Drug Plans to provide a patient's medication history - as well as information related to that patient's drug plan formulary and eligibility - to that patient's physician, at the point of care. Following the completion of the SureScripts certification process, PharmaCare will be able to transmit this critical information to a patient's physician over the SureScripts Electronic Prescribing Network(TM). The SureScripts medication history service uses an industry standard format to provide a patient's physician with a single view of that patient's medication history across all prescribers.
"The nation's pharmacies are leading the country toward a more interoperable system of healthcare," said Kevin Hutchinson, president and CEO of SureScripts. Today's announcement with PharmaCare is a prime example of how community pharmacy is actively forming new relationships - with prescription benefit managers as well as payers and health systems - that open doors and allow for the sharing of critical information that will cut costs, save lives and dramatically improve healthcare in the United States."
PharmaCare is a wholly-owned subsidiary of CVS Corporation (NYSE:CVS). Founded on the principles of value, trust and integrity, PharmaCare is one of the largest pharmaceutical benefit managers in the country. The company helps large employers, managed care organizations, insurance companies, unions and government agencies provide safe, cost effective prescription drug coverage for millions of Americans. PharmaCare's comprehensive offerings include fully integrated, state-of-the art mail-service, one of the nation's largest specialty pharmacies with a unique model that includes specialty mail services as well as 52 retail/clinic pharmacy locations, and a network of more than 56,800 pharmacies in all 50 states, and in nearly every city. Additional information on PharmaCare can be found at www.pharmacare.com.About SureScripts
SureScripts(R), the largest network provider of electronic prescribing services, is committed to building relationships within the health care community and working collaboratively with key industry stakeholders and organizations to improve the safety, efficiency and quality of health care by improving the overall prescribing process. At the core of this improvement effort is the SureScripts Electronic Prescribing Network(TM), a health care infrastructure which establishes electronic communications between pharmacists and physicians and enables the two-way electronic exchange of prescription information. Today, 90 percent of all pharmacies in the United States are certified on the SureScripts network. More information about SureScripts is available at www.surescripts.com.