- Medco expands Indiana pharmacy to include "Oncology Therapeutic Resource Center"
- Center will train pharmacists to specialize in personalized care for cancer patients
WHITESTOWN, Ind., June 23 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc. (NYSE: MHS), joined by Indiana Gov. Mitch Daniels, announced that its automated pharmacy being built at AllPoints at Anson will house the Medco Therapeutic Resource Center(R) (TRC) for oncology patients - adding an additional 162 professional pharmacy positions to the area. This expansion will bring the total number of pharmacy jobs, including pharmacists, researchers, pharmacy technicians, engineering technologists, and administrative positions, to more than 1,400.
Medco's TRCs focus on the specialized treatment of patients with chronic and complex conditions. Nearly half of the company's 2,600 pharmacists are specialists deployed across the TRCs where they provide disease-specific therapy management for those patients who account for 96 percent of pharmacy spending and 75 percent of this country's medical costs.
"With condition-specific TRCs throughout the country, Medco has established a new paradigm in care management that elevates the role of the pharmacist and has already proven to efficiently identify and close clinical gaps in care. This partnering of pharmacy with physicians improves health outcomes and lowers overall health care costs," said Kenneth O. Klepper, Medco president and chief operating officer. "The oncology TRC in Indiana will be home to specialist pharmacists who will work with physicians nationwide as they treat the more than one million Medco members living with this condition."
Medco's Oncology TRC will be operational by October 2009. The pharmacy, including the addition of the TRC and a world-class personalized medicine research center, will encompass a total 452,000 square feet at the AllPoints at Anson site.
"Indiana's climb as a center of life sciences leadership just advanced another rung," said Governor Mitch Daniels. "In total payroll dollars, Medco was already the biggest new company recruitment the state has seen, and this expansion will add tens of millions more dollars to our economy. What fabulous news."
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 45 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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