Medco Health Received Approval to Offer its Medicare Prescription Drug Plan
Dublin (PRWEB) February 9, 2006
Research and Markets (http://www. researchandmarkets. com/reports/c32425 (http://www. researchandmarkets. com/reports/c32425)) has announced the addition of Medco Health Solutions Business Intelligence Report to their offering
Medco Health is one of the nation’s largest pharmacy benefit managers serving more than 60 million people, providing sophisticated programs and services for its clients and the members of their prescription benefit plans, as well as for the physicians and pharmacies the members use. Medco Health, in 2004, administered approximately 503 million prescriptions; had net revenues in excess of $35 billion and net income of more than $481 million. Medco Health officially spun-off from Merck in August 2003.
In 2004, Medco Health’s mail order pharmacies dispensed 87.7 million prescriptions, approximately equal to the number of mail order prescriptions dispensed by the combined mail order operations of its two largest PBM competitors. Medco Health’s proprietary Internet solutions improve client and member service by facilitating prescription ordering and by providing important healthcare information and an efficient means of communication. Medco Health supports distinct websites for clients, members and pharmacists that provide critical benefit information and interactive tools aimed at facilitating compliance with benefit plan goals and simplifying benefit administration. In 2004, Medco Health processed approximately 17 million prescription orders through its member website, a 25% increase over 2003.
Medco Health completed its acquisition of Accredo Health in 2005 to move forcefully into the specialty pharmacy market. Medco Health received approval from the Centers for Medicare and Medicaid Services (CMS) in 2005 to offer its Medicare Prescription Drug Plan (PDP) to the more than 42 million Medicare beneficiaries nationwide.
This Business Intelligence Report provides the information and analysis you need on Medco Health Solutions to gain an understanding of what makes the company one of the leading pharmacy benefit managers in the country.
For more information visit http://www. researchandmarkets. com/reports/c32425 (http://www. researchandmarkets. com/reports/c32425)
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