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PerformRx Earns New URAC Accreditation for Pharmacy Benefit Management
Date:10/4/2007

First voluntary accreditation developed for the industry

PHILADELPHIA, Oct. 4 /PRNewswire/ -- PerformRx, AmeriHealth Mercy's pharmacy benefit management division, announced today that it is among the first companies to receive accreditation under URAC's new Pharmacy Benefit Management Standards.

Nearly 70 percent of Americans receive their prescription medications through pharmacy benefit management companies. URAC accreditation provides assurance for consumers and purchasers that the organization is clinically focused and meets quality standards for consumer protection and empowerment. The standards address organizational quality, customer service, communications, disclosure of pricing policies, pharmaceutical distribution, drug utilization management, and formulary/pharmacy and therapeutics committee.

"It is critical to have national standards for quality in health care," said Daniel J. Hilferty, President and CEO, AmeriHealth Mercy. "This accreditation demonstrates PerformRx's commitment, under the leadership of Mesfin Tegenu, President of PerformRx, to providing accessible, high quality pharmacy benefit management services."

"PerformRx voluntarily sought a rigorous evaluation of its operations and has earned the URAC seal of excellence," said Alan P. Spielman, URAC's president and chief executive officer. "The accreditation standards were developed by a team of experts who buy, pay for and manage pharmaceutical programs, along with those who prescribe, dispense and use the medications. Accreditation is a validation that companies that obtain the URAC seal are committed to quality and are willing to be accountable throughout their operations."

About PerformRx

PerformRx provides "The Next Generation" of pharmacy benefit management services for managed Medicaid and Medicare clients through a distinctive approach that enhances quality and improves financial performance. Serving more than 1.6 million pharmacy lives, PerformRx is headquartered in Philadelphia, Pennsylvania and is a division of AmeriHealth Mercy. For more information please visit http://www.performrx.com and http://www.amerihealthmercy.com.

About URAC

URAC, an independent, nonprofit organization, is well-known as a leader in promoting health care quality through its accreditation and certification programs. URAC offers a wide range of quality benchmarking programs and services that keep pace with the rapid changes in the health care system, and provide a symbol of excellence for organizations to validate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC ensures that all stakeholders are represented in establishing meaningful quality measures for the entire health care industry. For more information, visit http://www.urac.org.


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SOURCE PerformRx
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