Offered Complimentary for a Limited Time
AVON, Conn.--(BUSINESS WIRE)--
Rx Management, a division of Magellan Health Services, Inc. (NASDAQ:
MGLN), today announced the launch of MRxAudit, a comprehensive tool to
help determine the effectiveness of pharmacy benefit management (PBM)
services. The tool is being offered on a complimentary basis for a
limited time, to help groups gauge the effectiveness of their current
"In today's dynamic and competitive healthcare environment, it is
essential that groups are able to implement the most effective benefit
structure possible in order to streamline costs and manage member
health," said Matthew Mertel, senior vice president of product and
market at Magellan Rx Management. "MRxAudit is an easy-to-use tool that
evaluates current pharmacy benefit performance and benchmarks this data
against industry averages. We believe strongly that the information this
tool provides is critical to help identify areas of potential
improvement and accountability, which is why we're providing it on a
complimentary basis for a limited time."
MRxAudit works by auditing a group's pharmacy claims data to derive
contract terms, benefit design and network construction. It provides an
in-depth analysis and reporting on prescription claims data, validating
expected contract pricing, identifying effective co-pay design and
summarizing cost structure in intuitive, visual format that is easy to
read and understand.
"This tool helps turn data into knowledge," said Mertel. "By truly
understanding the needs of our customers and non-customers alike,
Magellan Rx Management helps to empower decision-makers with easy-to-use
tools and insightful cost savings solutions that improve member health
and help to make more informed decisions."
Magellan Rx Management is led by Chief Executive Officer Robert
W. Field, and includes a complete suite of industry-leading pharmacy
offerings, consisting of pharmacy benefit management, Medicaid pharmacy
benefit administration, and specialty and medical pharmacy management.
Groups interested in learning more about MRxAudit should visit MagellanHealth.com
or call 1-800-659-4112.
About Magellan Health Services: Headquartered in Avon, Conn., Magellan
Health Services Inc. is a healthcare management company that focuses
on fast-growing, complex and high-cost areas of healthcare, with an
emphasis on special population management. Magellan delivers innovative
solutions to improve quality outcomes and optimize the cost of care for
those we serve. Magellan's customers include health plans, managed care
organizations, insurance companies, employers, labor unions, various
military and government agencies, third party administrators, and
brokers. As of December 31, 2013, the company served approximately 34.3
million members in our managed healthcare segments and 17.7 million
members in our specialty solutions segment. Our pharmacy management
segment processed over 69 million adjusted claims on behalf of 0.4
million commercial PBM members, 9.5 million medical pharmacy members and
25 states and the District of Columbia in our PBA business. For more
information, visit MagellanHealth.com.
Magellan Health Services Inc.
Flanagan Johnson, 860-507-1923
Renie Shapiro, 877-645-6464
Source: Magellan Health Services Inc.
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