'You Can Take it With You': Portable health record sticks around as you change doctors and other health care providers
FRANKLIN LAKES, N.J., April 6 /PRNewswire-FirstCall/ -- While the government strives to deliver electronic health records for all Americans by 2014 - Medco Health Solutions, Inc. (NYSE: MHS) and Google Health(TM) are working on that promise today. The companies' collaboration enables Medco's more than 60 million members to construct their own online personal health record (PHR), effectively creating a secure and private place for their health information to be stored.
Those members who choose to create a Google Health profile -- which can contain both pharmacy and medical record data -- and authorize Medco to transfer their prescription information into the profile, can then use it to share their information with physicians or other health care providers to ensure those providers are working with the most current and accurate information. And when physicians and health care providers have easy access to a member's complete and accurate pharmacy information, it can help prevent serious medication hazards, especially in an emergency situation. Having this information stored electronically via Google Health is also useful when a member adds or changes health care providers.
"Health IT is the foundation for improving care and lowering costs. Our collaboration with Google puts patients in control - empowering their physicians, pharmacists and other care-givers with actionable, comprehensive and current information," said John Driscoll, President, New Markets, Medco. "Storing all your health information, including medications, in a portable format is critical to ensure consistent care, even if you change physicians, addresses, employers or benefit plans."
Google Health's integrated pharmacy partners give more than 100 million people access to their prescription history online. There is no cost for the service, which is completely voluntary. Prescription history can be updated quickly to Google Health with a few clicks and people using the product will be alerted to any potential drug interactions with other medications, diseases or allergies. When members incorporate their own information into Google Health about their medical conditions and the use of any herbal supplements, vitamins or over-the-counter medications, health care professionals can make better informed decisions.
"Getting access to a comprehensive list of medications is important for improved patient safety and reducing medical errors," said Sameer Samat, Product Director, Google Health. "Working with Medco, one of the nation's leading pharmacy benefit managers, empowers our users to get electronic copies of their complete medication history, including all prescriptions filled at their local drugs store or through their mail-order benefit, and save it to one central place online."
Personal Health Records are seen as an important part of improving efficiency in health care and also reducing preventable medical errors, which kill tens of thousands of patients annually. A pharmacy history is not only important from a safety perspective, but it also serves to help manage chronic conditions. A clinician can review what sort of progress is being made to control cholesterol, high blood pressure, diabetes and other chronic conditions that affect millions of Americans. Insights can be gained from these records about whether a treatment regimen is effective or whether a new approach is needed.
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.|
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