MedImpact To Support Clients Offering New Medicare Programs.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- MedImpact, the nation's largest privately held 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, today announced it has expanded its services to support its clients who will offer 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, benefit programs under Medicare Part D. Medicare sponsored drug benefit programs will be available to Medicare eligibles beginning in January 2006 and will be offered as part of the Medicare Modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, Act, signed into law December 8, 2003. "MedImpact has always had a partnership approach with its clients, and we are pleased to support their success as they design and implement their Medicare Part D programs," said Cliff Wong, Pharm.D., associate vice president for MedImpact. "Our experience with the Medicare population through our CMS-endorsed Drug Discount Card and our expertise in managed care will enable us to provide flexible, best-of-breed solutions to our clients as they deliver unique solutions to the Medicare population." As a Medicare Part D participant, MedImpact will act as "the PBM inside" a Prescription Drug Plan (PDP (1) (Plasma Display Panel) See plasma display. (2) (Policy Decision Point) See COPS and XACML. (3) (Programmed Data P ) as well as Medicare Advantage with Prescription Drug coverage (MA-PD) plans. MedImpact will function as the administrator for its clients requiring these services. The company will support various benefit designs including the standard drug benefit, the actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin equivalent standard benefit, the basic alternative benefit, and the enhanced alternative benefit plans. Additionally, MedImpact will serve employers offering Medicare-qualified retiree prescription drug plans. Based on the client's benefit design, MedImpact will also offer clients a choice of prescription fulfillment options. Clients can choose MedImpact's Choice90Rx program, which enables the beneficiary to receive a 90-day supply of medication by mail or at the retail pharmacy. "We feel very strongly about the value the Medicare prescription drug benefit brings to beneficiaries," said Dr. Wong, "and we commend the Centers for Medicare & Medicaid Services (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. ) for ensuring better access to prescription drug coverage for seniors and people living with disabilities. MedImpact has been serving retirees and senior populations since its inception, and we will continue to work hand-in-hand with our clients to implement these very important solutions." About MedImpact Healthcare Systems, Inc. MedImpact Healthcare Systems, Inc., is the nation's largest privately held pharmacy benefit management company. Founded in 1989 and based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , MedImpact currently services 27 million members nationwide. Its clients include Fortune 500 corporations as well as other employers, unions, health maintenance organizations, managed care organizations, insurance carriers, third-party administrators, and local, state and federal employee programs. MedImpact bases its success on delivering innovative products and services designed to lower overall client cost while increasing member satisfaction and quality of care. |
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