Catalyst Rx Finds Immediate Value in MedInitiatives' Health Care Business Intelligence Technology.Business/Health Editors LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. & SACRAMENTO, Calif.--(BW HealthWire)--Nov. 2, 2001 Catalyst Rx, an innovative pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. (PBM PBM - play by mail. See play by electronic mail. ) company based in Las Vegas, Nevada, was able to offer its customers the infrastructure and solutions to deliver unparalleled web-based analytics and decision support in less than 30 days with MedInitiatives' business intelligence technology for health care management. "We looked at several vendors' reporting and decision support tools and found that MedInitiatives' technology is truly unlike any health care reporting system we have seen in the marketplace," said Kevin Hooks, President of Catalyst Rx. "Their `behind-the-scenes' approach and deployment methodology provided us with the ability to deliver their application to our customers through our Web site in a short period of time, which offered quick time to value," he added. Catalyst Rx uses MedInitiatives' technology internally and to deliver information access to its customers for use in pharmacy program management, clinical evaluations of claim data, disease management intervention and compliance monitoring all through an advanced, secure web portal See portal. . "From our desktops and our Internet browser See Web browser. , we can identify aberrant aberrant /ab·er·rant/ (ah-ber´ant) (ab´ur-ant) wandering or deviating from the usual or normal course. ab·er·rant adj. 1. prescribing trends and generate physician profiles to correct inappropriate therapies, simultaneously improving outcomes and reducing costs. This technology allows our clinical team to make informed health care decisions to manage clinical initiatives and outcomes as well as trends for our customers," said Amy Hagood, Pharm.D., clinical director for Catalyst Rx. "MedInitiatives understands its customers' commitment to providing quality health care management services," said Matt Simas, MedInitiatives' 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. . "Catalyst Rx already provides value to the markets they serve. It was our goal to integrate our decision support technology with their current and future product/service offerings to assist them in delivering the most intuitive, useful technology possible to its staff and customers," he added. MedInitiatives' health care business intelligence technology provides tools for extracting data from multiple sources, including pharmacy and medical claim data, and delivers fact-based information for decision-making to users in formats that meet their specific objectives. This unparalleled application fosters collaborative efforts through information sharing See data conferencing. to meet each organization's strategic health care business goals. Managed care organizations utilizing this technology will also be able to identify outliers or "exceptional" cases where prescribing and utilization fall outside of the norm for increased focus on a population's high-risk and high-cost members. Catalyst Rx provides progressive pharmacy benefit management services to positively impact its clients' health care benefits. Founded in 1994, Catalyst Rx was developed around strong, innovative principles in the management of 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, programs. Catalyst Rx's continued commitments to innovation, efficiency and superior customer service have helped clients balance the management of pharmacy costs and access with quality of care. Catalyst Rx currently manages programs covering one out of every four third-party prescriptions dispensed in Nevada. For more information about Catalyst Rx, visit its Web site at www.catalystrx.com. MedInitiatives, Inc. is an independent, privately held health care information technology company based in Rancho Cordova, California Rancho Cordova is a city in Sacramento County, California, USA, that incorporated in 2003. The State of California estimates its population at 59,056 as of January 1, 2007 [1] History , a suburb of Sacramento. MedInitiatives is an emerging market leader in the development, deployment and management of decision support technology that offers low-cost, rapid implementation of Web-delivered health care business intelligence. MedInitiatives provides decision support technology solutions for health plans, pharmacy benefit management companies, third-party administrators and integrated health care integrated health care, n healthcare services combining the best of conventional and complementary health care. systems. For more information about MedInitiatives, visit its Web site at www.medinitiatives.com. |
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