McKessonHBOC and Mercy Resource Management Sign New 5-Year Pharmacy Services and PARstock Analyzer System Agreements.SAN FRANCISCO--(BW HealthWire)--Sept. 22, 1999--
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MCK Maintenance Check ) (McKessonHBOC), announced today that its MedManagement pharmacy management and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services" business unit has signed a new 5-year exclusive pharmacy services agreement with Mercy Resource Management Inc., (MRMI MRMI Managed Risk Medical Insurance ) a nationwide organization of hospitals and healthcare facilities. The agreement, which took effect August 1, is designed to provide MRMI members with access to MedManagement's consulting and management support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to enhance pharmacy performance and reduce total medication use costs. The companies also announced the signing of a second, separate agreement, through which MRMI may utilize McKessonHBOC Health Systems' PARstock Analyzer.
Under the pharmacy services agreement, McKessonHBOC MedManagement will support the development and implementation of MRMI corporate pharmacy strategies and programs to assist MRMI members in improving pharmacy operations and clinical performance.
"Our agreement with McKessonHBOC MedManagement will enable Mercy Resource Management to expedite the development and rollout of pharmacy support programs and services customized to meet the unique needs of MRMI members," said Michael Gray For other people named Michael Gray, see .
Michael Gray (born August 3, 1974 in Sunderland, United Kingdom), sometimes known as Micky Gray, is an English football player who plays for Wolverhampton Wanderers F.C. as a full-back. He wears the number 33 shirt for the club. , President, Mercy Resource Management, Inc. "We believe that MedManagement will have an immediate impact in assisting our members in addressing the challenges of increased drug utilization, rising pharmacy costs and pharmacy resource constraints."
"We are excited about expanding our relationship with Mercy Resource Management," said Lew Zeidner, president of McKessonHBOC's MedManagement business. "We are confident in our ability to leverage our significant pharmacy experience and resource infrastructure to assist MRMI members in achieving their pharmacy service objectives. We look forward to the opportunity to demonstrate the positive impact that our unique operational, clinical and decision support tools can have in reducing total medication-use costs and advancing the practice of MRMI pharmacy members."
In addition to the MedManagement agreement, McKessonHBOC also signed an agreement that will allow Mercy members to receive McKessonHBOC Health System's PARstock Analyzer. This decision support tool uses proprietary software to analyze product utilization within unit based cabinets (UBC UBC Uniform Building Code
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UBC Used Beverage Cans ), including providing recommendations on inventory par stock levels and item-adds and item-deletes. McKessonHBOC's Health Systems Division has demonstrated significant savings for customers who have deployed the PARstock Analyzer.
"Our membership has invested heavily in pharmacy automation over the last ten years and we believe that McKessonHBOC, with its PARstock program, is best positioned to help our members maximize the use of this technology," Gray said. "The combination of clinical and technological programs represented by these two new contracts will allow our members to address fundamentally important aspects of modern pharmacy practice Pharmacy practice is the discipline of pharmacy which involves developing the professional roles of pharmacists.
Areas of pharmacy practice include:
"MRMI continues to partner with McKessonHBOC in new and exciting ways to bring greater value to our mutual customers," said Patrick Blake, president of McKessonHBOC Health Systems. "MRMI is providing leadership by helping its members better use new technologies whether it's a software-driven program like PARstock Analyzer or consulting services provided by MedManagement. The practice of pharmacy is becoming increasingly complex and our growing partnership is designed to help MRMI members make better decisions thus providing higher quality care to its patients," Blake added.
Mercy Resource Management, Inc. (formerly Mercy National Purchasing, Inc.), a member of Premier Purchasing Partners, provides its members with cost containment cost containment,
n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. opportunities through management of group purchasing contracts for healthcare products and services. Over 240 hospitals, long-term care facilities long-term care facility
See skilled nursing facility. , pharmacies, surgicenters and other healthcare facilities participate in MRMI's contract and service portfolio.
McKesson HBOC, Inc., a Fortune 100 corporation, is the world's largest supply management and healthcare information technology company. McKessonHBOC provides supply management and information technologies across the entire continuum of healthcare, including market-leading businesses in pharmaceutical and medical-surgical distribution, automation, information technology and outsourcing services for healthcare providers healthcare providers and payors. More information about McKessonHBOC is available on our World Wide Website at: http://www.mckhboc.com.
Except for the historical information contained herein, the matters discussed in this press release may constitute 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. that involve risks and uncertainties that could cause actual results to differ materially from those projected. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "intends," "plans," "estimates," "anticipates" and similar words. Risks and uncertainties include: the resolution or outcome of pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. and government investigations relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's previously announced financial restatement Restatement
A revision in a company's earlier financial statements.
The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. ; the Company's ability to recognize revenues in subsequent periods that had initially been improperly recorded in prior periods; the Company's ability to successfully integrate and operate acquired businesses and the risks associated with such businesses, including the merger that created McKessonHBOC; the changing U.S. healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna
In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. environment, including potential changes in private and governmental reimbursement for healthcare services, the method by which such services are delivered, legislation or regulations governing such services or mandated benefits mandated benefit Managed care A benefit that a health plan is required by law to provide Examples In vitro fertilization, defined days of inpatient mental health or substance abuse treatment, special-condition treatments. See Benefit, ERISA. , or changes in manufacturers' pricing or distribution policies; the ability of the Company's Healthcare Information Technology business to retain existing customers and to attract new customers in light of rapid technological advances, slowing of demand for software products because of Year 2000 concerns and challenges in integrating the Company's software products; the effect of the events relating to, or arising out of, the Company's restatement of financial results on the Company's ability to manage its businesses and to attract and retain employees and management; the Company's ability and the ability of the Company's vendors and customers to complete the necessary actions to achieve a Year 2000 conversion for computer systems and applications; and other factors discussed from time to time in reports filed by McKesson HBOC, Inc. with the Securities and Exchange Commission. The company assumes no obligation to update information contained in this release.
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