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Medco CEO: Health IT Provides the Foundation for 'Real' Health Care Reform
Date:3/18/2009

ients alike are confident they are receiving the greatest value for each health care dollar invested."

A proven model

The power of a "connected" health care infrastructure has already been demonstrated on a nationwide scale. Pharmacy, which was first wired in 1988 by virtue of a national electronic claims adjudication system, provides a case history documenting the importance of establishing standards to guide rational investment.

With a series of continuing investments, private-sector innovation, coupled with a guiding hand from policymakers, has transformed pharmacy into the most wired sector of health care today -- providing immediate claims adjudication, real-time safety checks, and efficiencies that improve quality and deliver information to physicians and patients so each can make more-informed decisions.

Last year, Congress took an important step forward by approving incentives to spur physician adoption of electronic prescribing (ePrescribing) in Medicare. This change is likely to accelerate physician adoption throughout the entire system. And just a few weeks ago, the Obama Administration joined Congress in moving the concept of wiring health care to unprecedented heights by injecting funding of $19 billion, much of it to provide incentives for the expanded adoption of Health IT.

Snow noted that Medco has invested close to $1 billion in developing the world's most advanced pharmacy, training 1,100 pharmacists as specialists who are located in Medco Therapeutic Resource Centers(R) and focus on addressing the needs of patients with chronic and complex conditions -- patients who account for 96 percent of all prescription drug spending and 75 percent of overall health costs. The company is using evidence-based protocols to close the clinical gaps that diverge from proven medical treatment guidelines, and is committed to publishing the results of its breakthrough
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SOURCE Medco Health Solutions, Inc.
Copyright©2009 PR Newswire.
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