Envision Pharmaceutical Services Receives URAC Pharmacy Benefit Management Accreditation - Setting the Standard for Other Pharmacy Benefit Managers.TWINSBURG, Ohio -- URAC URAC Utilization Review Accreditation Commission (health care accreditation & certification) URAC University Recreation & Aquatic Centre Ltd (Australia) URAC Union Regional de Apoyo Campesino , an independent, nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. recognized as a leader in promoting health care quality through its accreditation and certification programs, announced on October 2nd that Envision Pharmaceutical Services, Inc. ("Envision") successfully earned its 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. ) Accreditation through the first voluntary accreditation developed for the industry. URAC's accreditation standards required rigorous, on-site, independent evaluation of Envision's organizational quality, customer service, communications, disclosure of pricing policies, pharmaceutical distribution, drug utilization management, and formulary/pharmacy and therapeutics committee. "Our organization is pleased to be among the first to receive this very important industry accreditation. Envision has been a leading innovator in the pharmacy benefit management (PBM) industry since 2002. Our genuinely transparent model is changing the way employers and the industry think about pharmacy benefits. This accreditation is aligned with our strategic vision and our corporate values," said Kevin Nagle, Envision's President and Chief Executive Officer. URAC PBM Accreditation is the most recent confirmation of the innovative, industry-changing initiatives led by Envision; initiatives designed to advocate, protect and empower employers and consumers, which include architecture of the first transparent pharmacy benefit management model and technology which provides 100% pass through of rebates at the point of sale. The accreditation standards were developed by a group of experts who purchase, reimburse, and manage 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 in addition to those who prescribe, dispense, and use medications. Accreditation is a validation that companies are committed to quality and accountability throughout their operations, according to URAC executives. As the architect of the true transparent pharmacy benefit management model and as the technological innovator who introduced its unique point-of-sale rebates offering to the pharmacy benefit management industry, Envision has represented the catalyst of positive change in the industry. Envision has been a leader in the highly complex Medicare Part D market and was approved by the Centers for Medicare and Medicaid Services The Centers for Medicare and Medicaid Services (CMS), previously known as the Health Care Financing Administration (HCFA), is a federal agency within the United States Department of Health and Human Services (DHHS) that administers the Medicare program and ("CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ") as one of only 17 Prescription Drug Plans to provide National coverage in all 50 states. Envision further expanded its Medicare offering for 2008, to include Employer Group Retirees, through its receipt of CMS's Employer Group Waiver Program. About Envision Pharmaceutical Services, Inc. Envision Pharmaceutical Services, Inc. is a national full service pharmacy benefit manager whose clients include Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. health plans, Taft-Hartley Funds, unions, municipalities, state programs and employer groups. Envision is also a national Medicare Part D and Employer Group Prescription Drug Plan (PDP (1) (Plasma Display Panel) See plasma display. (2) (Policy Decision Point) See COPS and XACML. (3) (Programmed Data P ) provider. Envision is the only pharmacy benefit manager to offer transparency and full disclosure on every processed transaction. Envision's point-of-sale rebate administration is unique in the PBM industry. |
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