Navigation Links
Congress Approves ePrescribing Initiative in Medicare Reform Bill: Critical Catalyst in Driving a New Generation of Prescribing
Date:7/11/2008

FRANKLIN LAKES, N.J., July 11 /PRNewswire-FirstCall/ -- In approving a Medicare reform bill that provides incentives for doctors to forego traditional pad-and-paper prescribing in favor of digital systems, Congress took the lead in protecting America's seniors and reached a major milestone in wiring the health care system, Medco Health Solutions (NYSE: MHS) said today.

"History shows that where Medicare goes, the rest of the health care system will surely follow," said David B. Snow Jr., Medco chairman and CEO. "By providing incentives for doctors to embrace ePrescribing technologies in prescriptions written for Medicare, Congress has created a catalyst for a long overdue transformation -- adoption of a system proven to reduce errors and improve efficiencies in the most frequently used process in modern health care: prescribing medicines."

Snow added: "ePrescribing efficiencies reduce the cost of processing a prescription, and can help save billions of dollars for Medicare, reducing paperwork for physicians and pharmacists, and safeguarding the health of America's seniors."

The ePrescribing initiative, which first provides financial incentives for doctors who submit prescriptions digitally and then -- following a transition period -- penalizes those who do not, was contained in broad-based Medicare legislation approved by both houses of Congress and forwarded to the President.

Medco played an instrumental role in a broad coalition of pharmacy industry groups, insurers, employers, clinicians, and patient-advocacy organizations in supporting efforts to incent the adoption of secure digital prescribing technologies to improve clinical outcomes for patients and financial outcomes for payors.

"In particular, we commend five members of Congress who showed the foresight and leadership to spearhead this initiative: Senate Finance Committee members John Kerry (D-Mass.) and John Ensign (R-Nev.) and House of Representatives members Allyson Schwartz (D-Penn.), Jon Porter (R-Nev.) and Lois Capps (D-Calif.)," Snow said.

Although surveys reveal that 90 percent of physicians support ePrescribing, fewer than 1 in 10 currently use the life-saving technology.

Medco, in one of the largest ePrescribing pilots in America and in collaboration with several partners in Southeast Michigan, revealed that:

-- Nearly 65 percent of physicians reported changing a prescription due to safety alerts transmitted through the system.

-- 75 percent of physicians said the technology improved safety for their patients.

-- Approximately 70 percent were very satisfied with the ease of identifying drug-to-allergy and drug-to-drug interactions.

It is estimated that over the next 10 years, up to 80 percent of prescriptions will be transmitted electronically.

"Medicare has traditionally served as a critical tipping point for the broad adoption of new medical practices," said Snow. "As doctors begin using these technologies for their Medicare patients, they will, predictably, use those technologies across their entire patient populations."

About Medco

Medco Health Solutions, Inc., (NYSE: MHS) is the nation's leading pharmacy benefit manager based on its 2007 total net revenues of more than $44 billion. Medco's prescription drug benefit programs, covering approximately one-in-five Americans, are designed to drive down the cost of pharmacy health care for private and public employers, health plans, labor unions and government agencies of all sizes, and for individuals served by the Medicare Part D Prescription Drug Program and those served by its specialty pharmacy segment, Accredo Health Group. Medco, the world's most advanced pharmacy(TM), is positioned to serve the unique needs of patients with chronic and complex conditions through its Medco Therapeutic Resource Centers(R), including its enhanced diabetes pharmacy care practice through the Liberty acquisition. Medco is the highest-ranked independent pharmacy benefit manager on the 2008 Fortune 100 list. On the Net: http://www.medco.com.

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward- looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.


'/>"/>
SOURCE Medco Health Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. American Life League Applauds Congressional Action Against Planned Parenthood
2. Bioniche Presents E. coli O157:H7 Vaccine Data to World Buiatrics Congress in Budapest, Hungary
3. FTC Acts to Prevent Tobacco Industry Deception About Tar, Nicotine Levels; Congress Should Go Further by Giving FDA Authority Over Tobacco Products
4. Congress Called on to Hold Dental Mercury Polluters Accountable at U.S. House Oversight Hearing
5. 21st Congress of the College of Neuropsychopharmacology, Aug. 30-Sept. 3, 2008, Spain
6. Minnesota Nurses Association Endorses Ashwin Madia for Congress
7. Minnesota Nurses Association Endorses Steve Sarvi for Congress
8. Minnesota Nurses Association Endorses Elwyn Tinklenberg for Congress
9. Proposed Congressional Legislation Would Cut $358 Million From the Medicare Advantage Program in Texas
10. Proposed Congressional Legislation Would Cut $143 Million from the Medicare Advantage Program in Georgia
11. Proposed Congressional Legislation Would Cut $222 Million from the Medicare Advantage Program in Massachusetts
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... ... May 25, 2016 , ... Researchers from SUNY State College of Optometry won ... on visual evoked potential and human attention. The article, VEP and Human Attention: ... NOVA™ ERG and VEP Vision Testing System (Diopsys, Inc., Pine Brook, NJ) to ...
(Date:5/25/2016)... TX (PRWEB) , ... May 25, 2016 , ... ... the United States, named Dr. Anh Tat Nguyen, as the Medical Director of its ... the facility Medical Director of our new DeSoto location,” said Dr. James M. Muzzarelli, ...
(Date:5/25/2016)... New Jersey (PRWEB) , ... May 25, 2016 , ... ... specialized technology firm will be selling the device branded as Stern’s Real Time ... is geared to bedbugs to the hotel and motel industry, colleges for use in ...
(Date:5/24/2016)... (PRWEB) , ... May 24, 2016 , ... According to ... that a group of people randomly assigned to reduce the amount of calories they ... 12 percent drop in body weight enjoyed better sleep, improved quality of life, and ...
(Date:5/24/2016)... ... 24, 2016 , ... BTC Media, a leading digital currency ... to be held in Nashville, Tennessee on September 7, 2016. , The conference ... the event will host teams from around the world, competing to build the ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... Non-invasive diagnostic test realizes the potential of ... be presented at Yissum’s booth, at IATI-BIOMED 2016 conference  ... the Hebrew University of Jerusalem announced today it ... MKI, the technology investment arm of Morris Kahn , ... early detection of multiple diseases by analyzing circulating DNA ...
(Date:5/23/2016)... May 23, 2016 Gamida Cell, ... treatment of cancer and orphan genetic diseases, announced today ... $4.4 million from the Israel Innovation Authority (formerly the ... of Economy and Industry. The mission of the Israel ... various industries, including science and technology, while stimulating economic ...
(Date:5/23/2016)... Conn. , May 23, 2016   ... has entered into an agreement with Egalet Corporation ... patent claims. As part of the agreement the ... and will enable all three companies to develop ... properties. "This agreement reflects the commitment ...
Breaking Medicine Technology: