Navigation Links
Forbes Counts Medco As One of The 'Most Trustworthy Companies'
Date:4/6/2009

Proof's in the Numbers: Rating Based on Quality Accounting and Management

FRANKLIN LAKES, N.J., April 6 /PRNewswire-FirstCall/ --While current market turmoil has investors wondering about the safety of their savings, Forbes listed Medco Health Solutions, Inc. (NYSE: MHS) as one of "The 100 Most Trustworthy Companies." Forbes published its listing based upon Audit Integrity's ranking of corporate accounting and management practices.

"When we took our company public more than five years ago, our intent was to redefine our industry through clinical excellence, innovation, transparency and accountability," Chairman and CEO David B. Snow Jr. said. "We are honored by Forbes' recognition as one of the most trustworthy companies in America. We are, however, even more delighted by the confidence expressed in our company and our people by our clients and members, who on a daily basis rely on Medco as their trusted healthcare advisor."

Audit Integrity has provided Forbes with its list of the most trustworthy companies for three years, where it judged companies for having "consistently shown transparent and conservative accounting practices and solid corporate governance and management. These companies do not play games with revenue and expense recognition, or with asset valuation," the Forbes article said. Audit Integrity, an independent financial analytics company in Los Angeles, scans more than 8,000 companies listed on U.S. stock exchanges and assigns each an accounting and governance risk (AGR) score.

Medco's score placed it among the top ten large-cap publicly traded companies with Loews, Consolidated Edison, Kohl's, and Linear Technology. Companies with higher scores have generally outperformed the market and have shown less share price volatility, according to Audit Integrity. Low accounting and governance risk scores "have been proven to carry a much higher risk profile," leading to higher odds of SEC enforcement actions, delayed financial reporting, shareholder lawsuits and bankruptcy, Audit Integrity said.

About Medco

Medco Health Solutions, Inc (NYSE: MHS) is a leading health care company, serving the needs of more than 60 million people. Medco, the world's most advanced pharmacy(R), provides clinically driven pharmacy services designed to improve the quality of care and lower total health care costs for private and public employers, health plans, labor unions and government agencies of all sizes, and for individuals served by Medicare Part D Prescription Drug Plans. Through its unique Medco Therapeutic Resource Centers(R) and the Accredo Health Group, Medco's Specialty Pharmacy, the company is creating innovative models for the care of patients with chronic and complex conditions. Medco is a leader in the emerging field of personalized medicine and in applying evidence-based protocols to elevate the practice of pharmacy -- a key element in reforming America's health care system. Medco is ranked number 51 on the Fortune 500 list, with 2008 revenues of more than $51 billion. For more information about Medco, go to http://www.medcohealth.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©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Dr. Tiffany McCormack in Reno, Nevada Named in Forbes Magazine as One of 10 Most Dependable Plastic Surgeons in the West
2. Abaxis, Inc. CEO to Present at the Eighth Annual Forbes Global CEO Conference in Singapore
3. Almost Family Named One of Ten Best Newcomers to Forbes Magazine 200 Best Small Companies
4. Forbes Honors Susan G. Komen for the Cure Founder as Trailblazer
5. Wheres the Civility in Healthcare? New White Paper from The Beryl Institute Explores Why Character Counts in Healthcare
6. Novo Nordisk Appoints Andy Ajello as Vice President for National Diabetes Sales, Managed Care and Government Accounts
7. maxIT Healthcare Names David H. Tucker as National Accounts Business Director
8. Special Discounts On Fertility Treatment For Active Duty and Retired Military
9. Indian Head Animal Hospital Announces Dental Discounts for Pets through March 31st
10. SunTrust Introduces Health Savings Accounts for Employers Seeking to Take Control of Healthcare Costs
11. Heart Failure Accounts for 37% of Medicare Spending
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/21/2017)... PA (PRWEB) , ... April 21, 2017 , ... ... firm in Allegheny County that offers services to communities throughout the greater Pittsburgh ... in a charity drive to provide adaptive bicycles for differently-abled children. , Variety ...
(Date:4/21/2017)... ... ... The Patient Advocacy Community of The Beryl Institute presented Eve DeVaro, Director, ... Advocacy Award in recognition of her extraordinary contributions to the field of patient ... Beryl Institute’s annual Patient Experience Conference on March 20 in Denver, Colorado. ...
(Date:4/21/2017)... ... 21, 2017 , ... Crossover Symmetry , an evidence ... active lifestyle company that provides Human Performance Training and education to tactical athletes. ... responders, military officers and others in service through the development and conditioning of ...
(Date:4/21/2017)... ... 2017 , ... Airway Management, the medical device manufacturer of ... and well renowned Asian distributor, Discovery Sleep. The agreement involves the ... and will stabilize and strengthen Airway’s presence with a dedicated, reputable medical device ...
(Date:4/21/2017)... ... April 21, 2017 , ... ... candidates to serve on its Accreditation and Standards Committees to support the ... is improving image quality and reducing patient radiation dose,” reports Eliot Siegel, ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... , April 19, 2017  New research provides evidence that ... Parkinson,s, according to a study released today that will be ... Meeting in Boston , April 22 ... the treatment of Parkinson,s disease, the oral drug levodopa has ... and longevity. But as the disease progresses, the effects of ...
(Date:4/18/2017)... Ohio , April 18, 2017  Cardinal Health ... Non-GAAP 1 fiscal 2017 earnings per share (EPS) ... and 2019.  This is in conjunction with this morning,s ... Deep Vein Thrombosis and Nutritional Insufficiency businesses. ... from continuing operations will be at the bottom of ...
(Date:4/18/2017)... 2017 Research and Markets has announced the ... to their offering. ... arthroscopy devices market to grow at a CAGR of 6.35% during ... Market 2017-2021, has been prepared based on an in-depth market analysis ... and its growth prospects over the coming years. The report also ...
Breaking Medicine Technology: