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:10/12/2017)... ... October 12, 2017 , ... First Healthcare Compliance (FHC), an ... showcase a range of technology and learning solutions at the 68th Annual American ... to be held October 14–18, 2017 at the Mandalay Bay Resort in Las ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( ... today the introduction of an innovative new design of the shoulder pad. The ... get maximum comfort while controlling your pain while using cold therapy. By utilizing ice ...
(Date:10/12/2017)... ... October 12, 2017 , ... Dr. ... recently contributed a medical article to the newly revamped Cosmetic Town journal ... spotlights the hair transplant procedure known as Follicular Unit Extraction (FUE). ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... named one of Michigan’s 2017 Best and Brightest in Wellness® by Best and ... Wellness® awards program on Friday, Oct. 20 from 7:30 a.m. to 2 p.m. ...
(Date:10/12/2017)... ... 2017 , ... Farm Forward joins Bon Appétit ... institutions in announcing the launch of the Leadership Circle , a program ... raised for food. , Founding members of the Leadership Circle also include Airbnb’s ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... 28, 2017 Hill-Rom Holdings, Inc. (NYSE: HRC), ... call and webcast on Friday, November 3, 2017, beginning ... ending at approximately 8:30 a.m. (CDT) / 9:30 a.m. ... 2017 financial performance and guidance for 2018, Hill-Rom executives ... enhance operational performance, and long-range financial outlook through 2020. ...
(Date:9/25/2017)... 25, 2017   Montrium , an industry ... today—from the IQPC Trial Master Files & Inspection ... that EastHORN Clinical Services has selected eTMF ... TMF management. EastHORN, a leading European contract research ... increase transparency to enable greater collaboration with sponsors, ...
(Date:9/22/2017)... 22, 2017 AVACEN Medical (AVACEN) announced that ... successfully helping those with the widespread pain associated with ... Amanda in Essex, England commented, ... hair, experiencing no sleep at all, tremendous pain, with ... cannot recommend [the AVACEN 100] enough, how this has ...
Breaking Medicine Technology: