AdvancePCS and OSF HealthPlans Introducing Connectivity Program; Driving Health Improvement Results.Business Editors/Health/Medical Writers PEORIA, Ill. & IRVING, Texas--(BUSINESS WIRE)--Feb. 25, 2003 OSF See Open Group. OSF - Open Software Foundation HealthPlans and AdvancePCS (Nasdaq: ADVP), the nation's leading health improvement company, today announced the launch of an electronic prescribing program that will help OSF physicians and nurse practitioners nurse practitioner n. Abbr. NP A registered nurse with special training for providing primary health care, including many tasks customarily performed by a physician. improve the quality of care delivered to their patients. OSF prescribers will use the AdvancePCS iScribe electronic prescribing system, which presents formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. information and therapeutic alternatives at the point of care via Palm-compatible handhelds and provides physicians the ability to print legible leg·i·ble adj. 1. Possible to read or decipher: legible handwriting. 2. Plainly discernible; apparent: legible weaknesses in character and disposition. prescriptions, reducing errors and saving time for patients and providers. Through its connectivity efforts, OSF HealthPlans will be supporting its formulary programs, working to ensure the best economic and therapeutic prescribing for its members and promoting generic use where appropriate. Point-of-care delivery of health and formulary information helps provide consistent, quality care to members. The iScribe system also supports OSF HealthPlans' complex care disease management programs. For instance, the iScribe system will prompt prescribers to enroll patients requiring specialty treatments, such as growth hormone growth hormone or somatotropin (sōmăt'ətrō`pən), glycoprotein hormone released by the anterior pituitary gland that is necessary for normal skeletal growth in humans (see protein). therapies, in the AdvancePCS SpecialtyRx program, which combines injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. drug and supply delivery with coordinated care management and education. "With our connectivity initiative, we are introducing more than just electronic prescribing into physician practices. Point-of-care messaging enables us to improve the quality of clinical care provided to our members. We are excited by the ongoing opportunities that the iScribe program affords us," said Dr. Ralph Velazquez, vice president and chief medical officer of OSF HealthPlans. AdvancePCS has been a leader in the development of new prescriber connectivity technologies. The AdvancePCS iScribe connectivity solution provides a direct link to the physician at the point of prescribing, allowing health plans to present information crucial to the prescribing process. AdvancePCS is also a founding partner of RxHub, an electronic information exchange. "Physician connectivity allows us to further integrate our health improvement messages into the care management decision process and help improve the quality of care for our customers' members. AdvancePCS is committed to developing new technologies that complement our existing programs, and we look forward to introducing them with partners such as OSF HealthPlans," said David D. Halbert, AdvancePCS chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Initial rollout of the electronic prescribing program throughout Illinois is scheduled for this week. About OSF HealthPlans OSF HealthPlans is an insurance company licensed by the Illinois Department of Insurance on July 19, 1994, providing high value managed health care services and products to employers throughout 28 central and northern Illinois For the university, see Northern Illinois University Northern Illinois is a region generally covering the northern third of the U.S. state of Illinois. Economics counties. There are currently over 100,000 total members enrolled with OSF HealthPlans. OSF HealthPlans is owned and operated by The Sisters of the Third Order of St. Francis. About AdvancePCS AdvancePCS (www.advancepcs.com) is the nation's largest independent provider of health improvement services, touching the lives of more than 75 million health plan members and managing approximately $28 billion in annual prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, spending. AdvancePCS offers health plans a wide range of health improvement products and services designed to improve the quality of care delivered to health plan members and manage costs. AdvancePCS is ranked by Fortune magazine as one of America's 100 fastest-growing public companies and is included on the Forbes Platinum 400 list of best big companies. AdvancePCS earned the No. 2 spot on the Barron's 500 list of best performing companies. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements included in this press release that are not historical facts and that concern predictions of economic performance and management's plans and objectives constitute forward-looking statements under the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. We do not undertake any obligation to provide updates to such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changes in the health care industry or the economy in general, competition, acquisitions, changes in the legislative or regulatory environment, and other factors detailed in AdvancePCS' Securities and Exchange Commission filings. |
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