Express Scripts Mail Pharmacy Hits One Hundred Million Prescription Mark.Business Editors/Health/Medical Writers ST. LOUIS--(BUSINESS WIRE)--March 12, 2003 Express Scripts, Inc. (Nasdaq:ESRX), today announced that it has dispensed its 100 millionth mail pharmacy prescription. The company is one of the nation's largest 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. firms and serves more than 50 million consumers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The mail milestone, reached early this month, coincided with the company's start up of a new mail facility in Tempe, AZ. It also came as Express Scripts began dispensing up to 20,000 mail prescriptions per day under a five year contract with the U.S. Department of Defense under the TRICARE Management Activity healthcare plan. In recent years, mail pharmacy has grown dramatically and Express Scripts fulfillment at its eight mail service pharmacies nationwide has increased more than 79 percent since 2000. Last year, the company processed more than 27 million mail prescriptions valued at nearly $4 billion. "Mail pharmacy is one of the best ways for members who take long-term maintenance medications to save both time and money. It is one of the best ways to make prescriptions more affordable," said Barrett Toan, chairman and chief executive officer of Express Scripts. "In addition, through the use of quality assurance audits and consultation with physicians, who are called on 30 percent of prescriptions, Express Scripts' mail pharmacy helps make the use of prescription drugs 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, safer," added Toan. When surveyed, 95 percent of Express Scripts members said they were satisfied or very satisfied with the convenience of Express Scripts mail pharmacy - specifically the ease of ordering and promptness. Overall, 96 percent of members said they were satisfied or very satisfied on an overall basis with their Express Scripts' mail pharmacy benefit. Fully 98 percent of members said they use mail pharmacy because it was less expensive and 84 percent said because it is more convenient than a retail pharmacy. People over 55 cite convenience as the number one reason for choosing mail pharmacy. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Toan, mail pharmacy prices are about 10 percent lower than retail pharmacies' prices and plan sponsors pass a share of these savings on to their members. In comparison to three 30-day retail prescriptions, a 90-day Express Scripts mail-pharmacy prescription will save a member on average about $15 to $30 per brand prescription in lower copayments. Mail pharmacy savings are even greater when generics are substituted for brand products. Immediately upon the introduction of new generic drugs generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. , Express Scripts mail pharmacies have been able to increase their use at a much faster rate than retail pharmacies. Registered pharmacists This is a list of notable pharmacists.
Included with every mail pharmacy prescription is a letter providing a the phone number of an Express Scripts' mail pharmacy pharmacist pharmacist /phar·ma·cist/ (fahr´mah-sist) one who is licensed to prepare and sell or dispense drugs and compounds, and to make up prescriptions. phar·ma·cist n. whom the member can consult 24 hours a day, seven days a week in privacy. Express Scripts mail pharmacy pharmacists answer approximately 6,000 calls each week from members. Members can place orders via mail, fax, phone or the Internet at any time. Internet capabilities allow members to update their profiles, determine order status, review their prescription history and receive refill refill noun A second allotment of a prescription agent obtained from a pharmacy, which is allowed by the original prescription verb Pharmacology To obtain more of a particular drug, after the initially prescribed amount of the agent has been used or reminders via email. One of the largest pharmacy benefit management (PBM PBM - play by mail. See play by electronic mail. ) companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Express Scripts, Inc., (Nasdaq:ESRX) makes prescription drugs more affordable and their use safer guided by a legacy of independence. Express Scripts provides integrated PBM services, including network pharmacy claims processing, mail pharmacy services, benefit design consultation, drug utilization review drug utilization review Health insurance A study of drug prescriptions to evaluate appropriateness and cost-effectiveness of drug therapy , 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. management, disease management, medical and drug data analysis services, medical information management services and informed decision counseling services through its Express Health Line(sm) division. The company also provides distribution services for specialty pharmaceuticals through its Specialty Distribution subsidiary and sampling services through its Phoenix Marketing Group subsidiary. Express Scripts is headquartered in St. Louis, Missouri. More information can be found at http://www.express-scripts.com, which includes expanded investor information and resources. |
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