CaptureRx® Sets New 340B Standard
SAN ANTONIO, Jan. 15, 2013 /PRNewswire/ — CaptureRx® presents 340B industry firsts as an accreditation candidate with Electronic Health Record Network Accreditation Commission (EHNAC) and Utilization Review Accreditation Commission (URAC). CaptureRx® is the first and only health data, technology, and 340B administrator company that provides services to the nation’s safety-net hospitals and clinics to become a candidate for EHNAC or URAC accreditation.
EHNAC and URAC are two of the four pillars of CaptureRx®’ Compliance, Integrity, and Transparency (CIT) Initiatives, which makes CaptureRx® the most compliant, audited and third party- and client peer-reviewed organization in the 340B administration, data, and safety-net pharmacy networks market segment. To learn more about CaptureRx® CIT Initiatives, visit capturerx.com/CIT.
CaptureRx® will be accredited under the EHNAC Health Network Accreditation Program (HNAP). HNAP accreditation indicates that the company exceeds industry-established standards and complies with HIPAA regulations in areas such as privacy and confidentiality measures, level-of-service and escalation procedures, transaction response times, and systems availability. HNAP assesses security infrastructure and data integrity measures including disaster recovery; business continuity; contingency plans; and intrusion detection and response. The program also evaluates transaction processing efficiency; ability to comply with generally-accepted, industry-standard data formats; and audit trail capabilities.
“As one of the largest providers of 340B drug program pharmacy networks in the country, CaptureRx® once again is setting the bar high for the industry. Through EHNAC and URAC, we are protecting our pharmacy providers, hospital and clinic clients, and their patients, by meeting the most stringent standards,” states Edward Gilmartin, CaptureRx®’ President and Co-founder.
CaptureRx® seeks Core Standards Accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. The Core Standards provide the basic structures and process any organization must have to maintain a level of quality expected in a URAC-accredited organization.
“By choosing to seek URAC Core Standards Accreditation, CaptureRx® has displayed leadership through a commitment to quality and accountability,” said Alan P. Spielman, URAC president and CEO.
The Core standards are the foundation of URAC accreditation. These standards address several key organizational functions that are important for any health care organization, including: organizational structure; staff qualifications; training and management; oversight of delegated activities; quality management; and consumer protection.
EHNAC is a federally recognized, standards development organization and tax-exempt, 501(c)(6) non-profit accrediting body designed to improve transactional quality, operational efficiency and data security in healthcare. EHNAC represents a diverse cross-section of healthcare stakeholders. Electronic health networks, payers, hospitals, physicians, consumer groups, financial services firms, security organizations and vendors are all working together to establish sound criteria for self-regulation. EHNAC ensure compliance with HIPAA, ARRA-HITECH and other select state rules and regulations; accommodates industry standards and proper use of NCPDP, X12, HL7 and other formats; and encourages quality improvements in products, services, workflow, revenue cycle and other business practices and policies. Current EHNAC accredited organizations are: Xerox/ACS Gateway, Allscripts, Emdeon, GE Healthcare, J.P. Morgan, Med Assets, Optum, Qs1, RelayHealth, and Surescripts. For more information, visit: ehnac.org.
URAC, an independent, nonprofit organization, is a leader in promoting health care quality through accreditation and certification programs. URAC’s standards keep pace with the rapid changes in the health care system, and provide a mark of distinction for health care organizations to demonstrate 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 setting meaningful standards for the health care industry. For more information, visit www.urac.org.
CaptureRx® provides pharmacy network administration, data and health technology solutions to support our nation’s safety-net hospitals, clinics and managed care organizations through 340B, GPO and Own-use drug price savings programs. CaptureRx® serves our nation’s costliest and highest risk patients by managing outpatient prescriptions that comprise 80% of today’s patients’ treatment modality. CaptureRx® identifies, tracks and navigates high-risk populations within medical and “pharmacy home” networks to assure access and adherence, as well as better outcomes. For more information, visit capturerx.com.
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