Medco's Specialized Pharmacists, Safety Programs Gain Therapy Management Accreditation
In October 2007, URAC, an independent evaluator of health care quality,also awarded Medco its inaugural Pharmacy Benefit Management Accreditation,which recognized that Medco is clinically focused and meets quality standardsfor consumer protection and empowerment.
Medco, one of only four PBMs to have been awarded both URACaccreditations, is pioneering the use of specialist pharmacists to focus ondiabetes, cardiovascular disease, gastro-intestinal disorders,psychological/neurological conditions, hematology/oncology, and pulmonaryconditions, such as asthma.
"It is rewarding to obtain these accolades for our advanced pharmacypractice approach that has led to the creation of the Medco TherapeuticResource Centers, where more than 800 specialist pharmacists provide a deeplevel of expertise in helping patients achieve better clinical outcomes," saidRoger Anderson, Medco's chief pharmacist and senior vice president. "Ourstrategy of moving toward personalized medicine and increased clinicalsophistication has allowed us to more effectively serve patients whilereducing the cost of overall care."
Medco completed the rollout of the Medco Therapeutic Resource Centers lastyear, culminating three years of development and the process of trainingspecialist pharmacists in specific chronic and complex conditions. In theareas of pharmacy safety, Medco highlighted its Concurrent Drug UtilizationReview, Retrospective Drug Utilization Review and RationalMed(R) PatientSafety Solutions to URAC. The programs aim to overcome gaps in care that leadto adverse drug events, such as drug-drug and drug-disease interactions.
"We applaud Medco on achieving URAC's Drug Therapy ManagementAccreditation," said Alan P. Spielman, URAC president and CEO. "Quality healthcare is crucial to our nation's welfare and it is important to haveorganizations that are willing to measure themselves against nationalstandards and undergo rigorous evaluation by an independent accrediting body.In today's health care market, URAC accreditation provides a mark ofdistinction for organizations to demonstrate their commitment to qualityhealth care."
In November, URAC named Medco as a finalist in its first-ever BestPractices in Consumer Empowerment and Protection Awards for its DiabetesTherapeutic Resource Centers' efforts to reduce potentially dangerous errorswith syringes and other diabetes supplies.
Also recognized in the Best Practices Awards was the Medco My RxChoices(R), prescription savings tool that helps members find lower-costalternatives for the medications they take on an ongoing basis. Throughmedco.com(R), members are provided information on the drugs they areprescribed and their potential savings they can attain by choosing, forexample, a generic alternative or using mail-order versus retail pharmacies.Patients can obtain a printout of their options from My Rx Choices and discussthem with their physicians.
URAC, an independent, nonprofit organization, is well-known as a leader inpromoting health care quality through its accreditation and certificationprograms. URAC offers a wide range of quality benchmarking programs andservices that keep pace with the rapid changes in the health care system, andprovide a symbol of excellence for organizations to validate their commitmentto quality and accountabili
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