Prescription Solutions, a leading pharmacy benefits management (PBM) organization and a UnitedHealth Group (NYSE:UNH) company, today announced that it received Transparency in Pharmaceutical Purchasing Solutions (TIPPS) certification from the HR Policy Association (HR Policy) Pharmaceutical Coalition. TIPPS certification enables Prescription Solutions to offer PBM services to members of the Coalition, which currently includes 58 companies representing more than five million people and collective annual drug expenditures of approximately $5 billion.
HR Policy developed the TIPPS certification process to achieve a more cost-effective and transparent model for purchasing pharmaceutical benefits for employees, retirees and their dependents. Certification is bestowed only upon PBMs that are willing to meet the Coalition’s rigorous transparency standards and agree to provide Coalition members with audit rights to validate compliance. This simplifies the negotiation process for Coalition members because they can work with a pre-screened group of PBMs and be confident that these companies will adhere to high transparency standards.
“TIPPS certification validates Prescription Solutions’ long-standing commitment to transparent business practices. Our programs allow employers to achieve a meaningful cost advantage and provide their members with access to quality, affordable pharmacy benefits,” said Dr. Edward M. Feaver, Pharm.D., president of Prescription Solutions. “We align ourselves with our customers’ goals by providing innovative and cost-efficient services and by helping their members use their drug benefits more effectively and live healthier lives.”
About Prescription Solutions
Prescription Solutions is an innovative pharmacy benefit management company managing the prescription drug benefit of commercial, Medicare and other governmental health plans, as well as those of employers and unions. A UnitedHealth Group company, Prescription Solutions serves members through a national network of 60,000 community pharmacies and state-of-the-art mail service pharmacies in Carlsbad, California, and Overland Park, Kansas, which have both earned the prestigious Verified Internet Pharmacy Practice Sites(TM) (VIPPS(R)) accreditation by the National Association of Boards of Pharmacy(R) (NABP(R)). The company was recently named by WilsonRx(R) as the #1 National Top-Tier PBM, and #1 National Mail Order Pharmacy for customer satisfaction two years in a row. Prescription Solutions also won URAC’s 2008 Best Practices for Consumer Empowerment and Protection Award in the PBM category. Additional information can be found at www.rxsolutions.com.
About UnitedHealth Group
UnitedHealth Group (NYSE:UNH) is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through seven operating businesses: UnitedHealthcare, Ovations, AmeriChoice, OptumHealth, Ingenix, and Prescription Solutions. Through its family of businesses, UnitedHealth Group serves more than 70 million individuals nationwide.
About HR Policy Association
HR Policy Association is a public policy advocacy organization representing the senior human resource executives of 250 leading employers doing business in the United States. Collectively, its members employ over 12 percent of the U.S. private sector workforce or some 19 million Americans. Due to extreme concern over skyrocketing health care costs in the United States and deficiencies in efficiency and quality, the Association has been working through its public policy agenda and market reform initiatives to address the problems that plague our nation’s health care system.
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