Navigation Links
Oklahoma State Medicaid Adopts Drug Price Benchmark, PAC
Date:10/1/2013

TAMPA, Florida, October 1, 2013 /PRNewswire/ --

OK Medicaid selects Predictive Acquisition Cost (PAC) to improve efficiencies in managing pharmacy reimbursement and reduce drug spend

Elsevier, the leading provider of scientific, technical and medical information products and services, announced today that Oklahoma State Medicaid, managed by Oklahoma Health Care Authority - SoonerCare, has selected Predictive Acquisition Cost (PAC) to better manage its State Maximum Allowable Cost (SMAC) drug price list to improve administration efficiencies and reduce overall drug spend.

PAC, developed by Glass Box Analytics and exclusively published by Elsevier's Gold Standard, is a new drug price type that more closely tracks true acquisition cost by leveraging proven concepts from other industries and applying the power of predictive analytics to drug pricing. Independent tests show that PAC comes closer to true acquisition cost than alternatives.

SoonerCare (Oklahoma Medicaid) is a health coverage program jointly funded by the federal and state government. The Oklahoma Health Care Authority (OHCA) is the state agency that administers and determines financial eligibility for the program. SoonerCare currently serves more than 790,000 members under the fee for service pharmacy benefit.

In search of a more efficient method for managing pharmacy reimbursement, the agency found that PAC is cost effective and allows for better analysis of drug cost and reimbursement amounts.

"PAC provides an accurate reflection of the true acquisition cost for all drugs and helps our agency know where to set SMAC prices that reflect the true dr
'/>"/>

SOURCE Elsevier
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Riding to Cure Arthritis from New York to Oklahoma
2. University of Oklahoma Housing and Food Likely to Surpass Budget, My Cleaning Products Recommends Pest Control Products That Could the Department's Spending in Half
3. Mayor of Oklahoma-Tornado-Impaired Town Proposes Storm Shelter Bill, My Cleaning Products Offers Complimentary Molderizer and Safe Shield to Help Victim with Looming Mold
4. Experts Alert Doctors of Oklahoma Tornado Victims of Mold Infections; My Cleaning Products Suggests Solutions to Effectively and Safely Counter Impending Mold Problems
5. Arizona State University engineers aim to improve performance of technology in extreme environments
6. MarketsandMarkets: Global Prostate Cancer Therapeutics Market worth $6,457 Million by 2020
7. Antelope Valley Hospital Converts to Masimo rainbow SET for State-of-the-Art Noninvasive Patient Monitoring Capabilities
8. CSL Behring Awards LEAD Grant to Patient Organizations to Educate Constituents on State Insurance Exchanges
9. Mexican State of Tamaulipas Starts Training Doctors in Sangui Wound Management
10. Animal Husbandry Equipment Market in United States: Business Report 2011
11. Discovery of a dark state could mean a brighter future for solar energy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/30/2014)... 2014 Global polyvinyl chloride (PVC) demand ... crisis during 2008-2009, especially in North America and Europe. ... is keeping to a growing trend. , The largest ... in the construction segment. In 2013, the key PVC ... sheets and rigid film. Moreover, the PVC was consumed ...
(Date:10/30/2014)... October 30, 2014 SoundConnect ... provider, offers Office 365 end users the key ... complete phone system by adding voice enablement and ... includes Lync Online, a communication tool that includes ... With hosted voice, O365 becomes a comprehensive unified ...
(Date:10/30/2014)... Ottawa, Ontario (PRWEB) October 30, 2014 ... the Spartan RX CYP2C19 System . It detects ... a non-invasive cheek swab. , The Spartan RX CYP2C19 ... medicine that has been approved in Canada. Due to ... that it may be used by healthcare professionals such ...
(Date:10/30/2014)... Grace Century portfolio project, Provia Laboratories ... of the Board, to the National Stem Cell Ethics ... made by the Ministry of Health on behalf of the ... , More than a year after Bahamian Parliament passed the ... Perry Christie said the government has completed the accompanying regulations ...
Breaking Biology Technology:Global Polyvinyl Chloride Demand Is on Upward Trend Now, Says Merchant Research & Consulting in Its Topical Study 2Global Polyvinyl Chloride Demand Is on Upward Trend Now, Says Merchant Research & Consulting in Its Topical Study 3SoundConnect Launches Voice Enablement and Hybrid Audio Conferencing for Office 365 2SoundConnect Launches Voice Enablement and Hybrid Audio Conferencing for Office 365 3Health Canada approves first near-patient DNA test for personalized medicine 2Health Canada approves first near-patient DNA test for personalized medicine 3Grace Century’s Stem Cell Biobank Project Announces Chairman’s Appointment to National Stem Cell Ethics Committee of The Bahamas 2Grace Century’s Stem Cell Biobank Project Announces Chairman’s Appointment to National Stem Cell Ethics Committee of The Bahamas 3
... Bharat Renewable Energy Ltd (BREL) , a ... has initiated a program with SG Biofuels (SGB) ... for the production of biodiesel in India. ... to produce high performing hybrid varieties of Jatropha adapted ...
... at the University of Pittsburgh School of Dental Medicine ... which could lead to novel nanoscale approaches to developing ... the Proceedings of the National Academy of Sciences ... in the body and combines high hardness with resilience, ...
... NeoStem, Inc. (NYSE Amex: NBS ) ... a focus on cell based therapeutics development, today announced ... Research Program (PRMRP) of the Office of the Congressionally ... to be applied towards funding the Company,s VSEL™ Technology. ...
Cached Biology Technology:Bharat Renewable Energy Forms Alliance With SG Biofuels to Deploy Jatropha Hybrids for Biodiesel in India 2NeoStem Announces the Receipt of Over $1,700,000 in DOD Funding for its VSEL™ Technology Being Developed to Treat Osteoporosis 2NeoStem Announces the Receipt of Over $1,700,000 in DOD Funding for its VSEL™ Technology Being Developed to Treat Osteoporosis 3NeoStem Announces the Receipt of Over $1,700,000 in DOD Funding for its VSEL™ Technology Being Developed to Treat Osteoporosis 4
(Date:10/29/2014)... German . ... Peter Schlögelhofer at the Max F. Perutz Laboratories (MFPL) ... of Vienna dived into the process of meiosis in ... an inversion of the standard meiotic phases. The researchers ... Nature Communications . , Meiosis is the two-step series ...
(Date:10/29/2014)... October 29, 2014 – Ghrelin is a hormone released ... intake. Alcohol is commonly viewed as a psychoactive substance ... a highly caloric food. , This knowledge, combined ... hypothesis that ghrelin has the potential to stimulate alcohol ... this in humans and found that, as they had ...
(Date:10/28/2014)... North America, Europe and China have published a paper ... Sciences that reveals important details about key transitions ... From strange and exotic algae, mosses, ferns, trees and ... and vegetables we eat and the ornamental plants adorning ... a billion years of history., "Our study generated DNA ...
Breaking Biology News(10 mins):Meiotic cell division 'the other way round' 2Ghrelin stimulates an appetite for drinking alcohol 2New study uses DNA sequences to look back in time at key events in plant evolution 2New study uses DNA sequences to look back in time at key events in plant evolution 3
... replacements, biomaterials have become big business. But scientists pursuing ... How will a biomaterial on the lab bench actually ... the new material or suffer an inflammatory response? And ... , To tackle such questions, researchers at the ...
... mechanisms is the neural machinery that triggers the hungry ... same machinery swings the other way after a hearty ... of the siesta. However, scientists have understood little about ... and other energy-related behaviors. , Now, in an article ...
... of the species known as social amoebas has been plotted ... clues to the evolution of life on earth. , Researchers, ... of York, and biochemist Professor Pauline Schaap, of the University ... 100 or so known species of social amoeba. , ...
Cached Biology News:Finding the right mix: A biomaterial blend library 2New mechanism explains glucose effect on wakefulness 2New mechanism explains glucose effect on wakefulness 3Scientists' cell discovery unearths evolutionary clues 2Scientists' cell discovery unearths evolutionary clues 3
Mouse Wnt-9b Affinity Purified Polyclonal Ab Keywords: Wnt 9b Protein Family: Cancer Stem Cell Markers, Wnt Ligands...
One-step, microplate or cuvet, colorimetric, linear detection range 0.7 mg/dL to 35 mg/dL. Procedure: 5 min....
assays for phosphatase, lipase, nucleoside triphosphatases (ATPase, GTPase etc). HTS and follow up studies for phosphatase inhibitors. Quantitation of phosphate content in protein, lipids, and DNA....
...
Biology Products: