Partnership Will Expand Allscripts eAuth(TM) Software Clients' Ability to Complete Prior Authorization for Any Medication and Multiple Health Plans
CHICAGO, Aug. 19, 2015 (GLOBE NEWSWIRE) -- Allscripts and CoverMyMeds have agreed to partner to help patients receive their prescriptions faster and increase the number of health plans available for Allscripts eAuth™ software clients. Allscripts eAuth software enables providers to quickly authorize prescriptions electronically instead of through phone calls or faxes, which can take days or weeks. Performing prior authorization electronically within EHR workflow helps improve efficiencies and reduce costs throughout the prior authorization process.
Electronic prior authorization (ePA) reduces the cost of authorizing medications prior to dispensation, a significant impact to the U.S. healthcare system. It also improves quality of care by allowing patients to obtain medications faster and reducing the risk that patients don't receive their prescriptions. With an estimated 150 million prior authorizations completed in the U.S. annually, an electronic solution results in tremendous savings to providers, payers/pharmacy benefit managers and other healthcare stakeholders. The partnership enables multi-payer connectivity and support for the pharmacy-initiated retrospective process.
CoverMyMeds is the largest ePA platform in the country, providing connectivity that impacts as much as 72% of prescriptions in the U.S. today. It helps physicians, pharmacists and staff complete pre-authorization requests for any drug and all health insurance plans. With more than one million pre-authorization requests submitted each month, CoverMyMeds is the only vendor using the NCPDP ePA standard at scale.
"We're honored that Allscripts chose CoverMyMeds to support its vision of a comprehensive ePA product," said Matt Scantland, Co-Founder of CoverMyMeds. "The partnership is an important milestone for a healthcare system that is increasingly focused on reducing avoidable medical spending due to non-adherence."
"The more payers, pharmacy benefit managers and health plans we can connect our provider clients to, the more we can help them reduce the cost associated with prior authorizations -- improving patient satisfaction and outcomes," said Allscripts President, Payer & Life Sciences Business, Faisal Mushtaq. "This long-term partnership provides our clients the capability to transact with a large number of the covered lives in the U.S. for electronic prior authorizations."
Allscripts (NASDAQ:MDRX) is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Our innovative solutions connect people, places and data across an Open, Connected Community of Health™. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations. To learn more, visit www.allscripts.com, Twitter, YouTube and It Takes A Community: The Allscripts Blog.
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CoverMyMeds is the leader in PA management and one of the fastest growing healthcare technology companies in the US. We help physicians, pharmacists, and their staff complete PA requests for any drug and all health insurance plans. Our technology integrates with pharmacy systems, EHRs, and PBMs to create the most efficient ePA strategy for all participants. With a million PAs submitted each month, CoverMyMeds is the only vendor using the NCPDP ePA standard at scale. For more information, visit www.covermymeds.com.
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