CREVE COEUR, Miss.--(BUSINESS WIRE)--Focus Script LLC, a leading independent specialized pharmacy claims management company and Arete Pharmacy Network, LLC, a national quality-focused Pharmacy Services Administrative Organization (PSAO), announced an exclusive partnership today. The partnership extends FocusScript’s compounding pharmacy accreditation, credentialing, and ongoing oversight to independent compounding pharmacies that are member pharmacies of Arete Pharmacy Network. The agreement means that the two companies will collaborate to ensure that Arete Pharmacy Network’s current and prospective compounding member pharmacies meet accreditation and credentialing standards incorporating compliance, quality, and performance standards necessary to compete on excellence in today’s managed care environment. Ensuring a pool of quality compounding pharmacies allows Pharmacy Benefit Managers (PBMs) and payors to grant contract access to the compounding pharmacies with confidence.
Under the terms of the agreement, FocusScript will certify that pharmacies are accredited and credentialed through the industry leading UCAP program, which is administered through FocusScript’s exclusive partnership with the National Association of Boards of Pharmacy (NABP). Additionally, FocusScript will manage and process claims through its proprietary pre-processing system to deliver optimal pricing, broad analytics, and real-time oversight of Fraud, Waste and Abuse.
Rob McMahan, CEO of Arete Pharmacy Network said, “The relationship between Arete Pharmacy Network and FocusScript will have immense benefits for both our member pharmacies and the payors we work with. Our collaboration with FocusScript—an expert in the compounding pharmacy field—reinforces our commitment to building a quality network by providing an additional avenue to serve compounding pharmacies.”
Cynthia A. Meiners, President and CEO, Focus Script, LLC, stated, “FocusScript is dedicated to aligning the right people, shared values and technology needed to organize and oversee the delivery of quality standards, rational pricing and reasonable business practices to complex pharmacy markets. FocusScript provides the confidence to clients and providers that they can compete in these markets by offering optimum quality standards, pricing, and intelligent editing utilizing best practices with diligent oversight. We are excited to partner with the Arete Pharmacy Network in its commitment to these shared values.”
About Arete Pharmacy Network, LLC
Arete Pharmacy Network serves independent community pharmacies through a portfolio of expanded tools and services designed to help pharmacies deliver quality care to their communities. With a core focus on managed care contracting and service excellence, Arete Pharmacy Network supports the effective management of the financial, quality, and operational aspects of pharmacy business. For more information, visit www.areterx.com.
About Focus Script, LLC
Founded in 2014, the Company provides access to a network of certified pharmacies that provide specialized and compounded medications. Through an exclusive partnership with the National Association of Boards of Pharmacy (“NABP”), FocusScript’s network of compounding pharmacies is certified through the United Credentialing and Accreditation Program (“UCAP”). Using NABP’s Verified Pharmacy Program (“VPP”) as its foundation, the UCAP program includes a rigorous review of business and quality practices, attestation to a code of conduct, and compounding specific requirements. FocusScript is independent and unbiased, enabling us to work with all stakeholders and suppliers and to compete solely on excellence. For more information, visit www.focusscript.com.