SAN DIEGO--(BUSINESS WIRE)--MedImpact, the nation’s largest privately held pharmacy benefit manager (PBM), renewed its URAC accreditation for pharmacy benefit management. The URAC accreditation process demonstrates a commitment to quality services and serves as a framework to improve business processes through benchmarking organizations against nationally recognized standards.
“URAC accreditation shows that MedImpact is a pharmacy benefit management organization able to adhere to standards that cover important aspects of care such as claims processing, developing proper drug formulary, and consumer access,” said URAC President and CEO Kylanne Green. “Quality policies and procedures are paramount as the price and complexity of medications rise. MedImpact chose to demonstrate their performance through URAC’s independent accreditation of their services.”
MedImpact obtained accreditation by following URAC’s required benchmarks for success. URAC’s leading indicators are non-weighted, optional elements highlighting effective practices not yet widely adopted in healthcare. They allow a URAC-accredited organization such as MedImpact to distinguish itself from other accredited organizations. Leading indicators may provide a forecast of where the healthcare industry may be heading.
“We are proud to have earned URAC accreditation for pharmacy benefit management,” said Greg Watanabe, President and COO of MedImpact. “The accreditation demonstrates our firm commitment to high quality standards in all departments of our organization, including benefit design, claims processing, customer service, and formulary design. We continuously strive to improve our offerings to provide better service for our clients and better care for their members.”
MedImpact’s corporate goals are aligned with the high standards of URAC accreditation. URAC accreditation requires applicants to submit policies, procedures, and other organizational information that is followed by a review. Once an application is received by URAC, a primary reviewer is assigned and coordinates all aspects of the review until a decision on accreditation has been determined.
Founded in 1990, URAC is the independent leader in promoting healthcare quality through accreditation, certification and measurement. URAC is a nonprofit organization developing evidence-based measures and standards through inclusive engagement with a range of stakeholders committed to improving the quality of healthcare. Our portfolio of accreditation and certification programs span the healthcare industry, addressing healthcare management, healthcare operations, health plans, pharmacies, telehealth providers, physician practices, and more. URAC accreditation is a symbol of excellence for organizations to showcase their validated commitment to quality and accountability.
MedImpact, an independent, trend-focused pharmacy benefit manager (PBM), is the nation’s largest privately held PBM, serving health plans, self-funded employers and government entities. Our business model is unique. We focus on effectively managing client pharmacy benefits to promote Lower Cost and Better Care through One Source. Our model aligns us with our clients. We help promote prescribing of lower-net-cost, medically appropriate drugs with fulfillment at the most appropriate participating pharmacy providing competitive pricing, good value and high-quality service. Our number-one goal is client satisfaction by providing flexible solutions and member-centric products with a focus on lowest-net cost and quality outcomes. For more information, go to: https://pbm.medimpact.com/