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URAC Showcases Performance Measures for Pharmacy Benefit and Drug Therapy Management Programs
Date:2/17/2010

="xn-person">Alan P. Spielman, president and CEO of URAC. "Our reporting standards give purchasers a way to objectively compare and evaluate pharmacy management services in terms of consumer engagement, cost effectiveness, and consumer and client satisfaction."

To provide more information on the Medication Possession Ratio measure, Lynn Martin, PhD, RPh, Director of Research Services for URAC, and Terri Smith Moore, PhD, MBA, RPh, Pharmacy Accreditation Reviewer for URAC, will lead a workshop on February 17 at the PBMI Conference to address multiple aspects of medication adherence. John Jones, RPh, JD, senior vice president of professional practice and pharmacy policy at Prescription Solutions and chairman of URAC's Pharmacy Accreditation Advisory Group, will also offer insights on how to apply the revised standards in a real world setting, including how plan sponsors can work with pharmacy benefit managers to improve medication adherence.

"Providing measurement and accountability is important to vendors, consumers, and purchasers alike," said Mr. Jones. "Ultimately, these new performance measures will allow purchasers to make objective comparisons across organizations when they are evaluating pharmacy services vendors. They allow the PBM industry to show transparency to regulators and purchasers, which is important to build public trust."

URAC's path for developing mandatory performance measures is a multi-year, three phase approach. First, organizations report mandatory measures to URAC, placing a particular focus on internal performance improvement and oversight activities. Phase two requires those measures to be externally audited or verified, and URAC then makes composite measurement data available to participating organizations and interested third parties. In the last phase, URAC publishes the
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