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

ug cost. The goal of the SMAC program is to set reimbursement that is fair to both the state and to the parties we reimburse," said SoonerCare Pharmacy Director Nancy Nesser. "It gives us accurate information that is easily accessible and requires fewer resources. Reimbursement should reflect the best estimate of acquisition cost, and we feel with PAC that we can achieve this."

State Medicaid programs can save significantly by using PAC to evaluate their state MAC lists. PAC displays a price range for each specific drug. The state MAC should lie within that range. PAC identifies cases where reimbursement is too high or too low, which allows Medicaid programs to ensure that their pharmacies are being reimbursed at market-based rates. SoonerCare will also be utilizing PAC to track the true costs of specialty drugs.

"All state Medicaid programs are seeking ways to improve pharmacy reimbursement management and Oklahoma was already doing a great job," said Kay Morgan, Vice President, Drug Products & Industry Standards, Elsevier. "In PAC, they recognized an innovation that would help them reduce prescription drug costs further, while also improving operational efficiencies."

For more information about Elsevier's Gold Standard, visit http://www.goldstandard.com.

About Elsevier

Elsevier is a world-leading provider of scientific, technical and medical information products and services. The company works in partnership with the global science and health communities to publish more than 2,000 journals, including The Lancet and Cell, and close to 20,000 book titles, including major reference works from Mosby and Saunders. Elsevier's online solutions include ScienceDirect,

SOURCE Elsevier
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