DEVON HEALTH SERVICES, INC. RECOGNIZES MEDIMPACT HEALTHCARE SYSTEMS, INC. RECENT CERTIFICATION BY THE HR POLICY ASSOCIATION
King of Prussia, PA – August 2, 2006 – Devon Health Services, Inc. partners with MedImpact Healthcare Systems, Inc. to give their clients the best pharmacy benefits possible, and acknowledges their recent certification by HR Policy Association. Devon Health is a National Healthcare Cost Management company and the Northeast’s most extensive Preferred Provider Organization (PPO).
In July 2006 HR Policy Association recently certified ten pharmacy benefit managers that have sanctioned transparent business practices, which could make negotiating and vendor selection easier for employers. Devon Health’s PBM partner, MedImpact, was one of those ten.
PBMs are under contract with managed care organizations, self-insured companies, and government programs to manage pharmacy network management, drug utilization review, outcomes management, and disease management.
"We look forward to the day when all PBMs fully embrace transparency, especially when healthcare in the United States is placing more responsibility on consumers to make wise purchasing decisions. The fact that a growing percentage of the PBM marketplace now subscribes to the Association's contracting principles demonstrates that the purchasing community can achieve healthcare market reforms," said Jeffrey C. McGuiness, president of HR Policy Association.
“MedImpact is a reputable company and one of the first major PBMs to be completely transparent. They’re a perfect fit for Devon Health, and our clients. We applaud their certification and recognize their commitment to changing the face of pharmacy benefit management,” says Charles Falcone, president of Devon Health. “Complete transparency means that MedImpact provides full disclosure of their business model, goals, objectives, and client-based revenue steams. This is ideal for our clients and our support of PBM reform.”
“Prescription drug cost is an issue for employers looking to provide affordable quality healthcare to their employees. We believe that the future for patients purchasing prescription drugs is brighter because of companies such as MedImpact,” says Michael Tosti, associate vice president of client services for Devon Health. “Inherently, it is the true purpose of pharmaceutical companies, drug manufactures, PBM’s, and pharmacies to deliver safe, effective, and reliable drugs for a reasonable price. Devon Health and MedImpact are companies that are working together to make that purpose a reality.”
“ We focus on excellent service and cost containment. This certification furthers our mission. Since 1989, MedImpact has set the standard for safe, cost-effective pathways for a diverse healthcare community,” says Joe Hreben, business development director for MedImpact. “As the largest privately held PBM in the nation, we use unbiased clinical guidelines, cutting-edge proprietary software tools, and forward-thinking business practices to meet a wide range of healthcare needs.”
Background on Devon Health Services, Inc.
Devon Health Services, Inc. is a National Healthcare Cost Management Company founded by John A. Bennett, M.D., an emergency room physician, in 1991. Since its inception, Devon Health has been committed to providing affordable healthcare solutions designed to lower costs. Devon Health offers a suite of products to complete healthcare benefit packages, including a National Preferred Provider (PPO) Network, Claims Settlement, Pharmacy Benefit Management, medical quality decision support tools, and Custom, Secondary, Workers’ Compensation, and Motor Vehicle Networks. Devon Health is headquartered in King of Prussia , Pennsylvania .
Background MedImpact Healthcare Systems, Inc.
MedImpact Healthcare Systems, Inc., based in San Diego , California , was founded in 1989. The company currently services 27 million members nationwide with clients that include Fortune 500 employer corporations, unions, managed care organizations, insurance carriers, third-party administrators, as well as local, state and federal employee programs. MedImpact bases its success on delivering products and services that provide choice and that are designed to lower overall client cost while increasing member satisfaction and quality of care.
HR Policy Association 
is a public policy advocacy organization representing the senior human resource executives of more than 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. Visit
www.hrpolicy.org for more information.