Brea, CA, July 12th, 2016 – PharMedQuest, an industry leader in Medical and Pharmaceutical Management Services, has developed a video that addresses the shortcomings of using standard prior authorizations when trying to evaluate a multiple drug treatment plan that contains specialty and non-specialty drug therapy. The video is the latest in a series highlighting the solutions provided for specialty drug management under the Medical Benefit, including our proprietary state-of-the-art technology platform, ARC™.
“Our ARC™ Medical Benefit management platform is organically developed, utilizes transparent evidence-based criteria and delivers holistic, clinical and financial outcomes” said Kirby Eng, VP of Business Development for PharMedQuest. “We evaluate the entire treatment plan, not just the ones that require a prior-authorization,” he added.
ARC™ works collaboratively with payers and providers to optimize the clinical, operational and financial outcomes for specialty drugs processed through the Medical Benefit, which accounts for 50% of the U.S. specialty drug spend.
ARC™ integrates state-of-the art technology, workflow design, and clinical expertise to deliver real-time actionable data that optimally manages medical benefit drugs. Some of the country’s largest health plans and provider groups are using ARC™ to help them optimize sites of service, evidence-based care, supply chain management and administrative efficiencies. Benefits include authorization matched to claims, influenced prescribing behaviors, monitoring fraud, waste, and abuse and saving money at greater than 2-to-1 ROI.
In the video, a food critic only evaluating part of a hamburger is compared to using prior-authorizations to evaluate a portion of an entire treatment plan.
To watch the video, visit: http://bit.ly/YTARCPT
PharMedQuest is a national leader in providing proven cost-effective solutions to some of the most challenging issues in healthcare. We are dedicated to providing transparent and innovative drug management solutions that optimize the clinical, operational and financial complexities of medical specialty drug management for cancer and other complex and rare diseases.
With over 20 years of Experience, PharMedQuest delivers Insight and Value to its Clients through its services, which include holistic Medical Benefit drug management, real-time access to integrated drug utilization and financial metrics and intelligence, comprehensive 340B management, and many other integrated Pharmacy and Medical solutions that go beyond traditional PBM, Specialty Pharmacy, or Utilization Management tools. For more information about PharMedQuest services, call (714) 364-4008 or visit www.PharMedQuest.com.