HEALTHSPRING IMPLEMENTS ZYNCHROS.COM AND EASES MEDICARE
PART D COMPLIANCE PROCESS
Formulary Management Solution Simplifies Medicare Part D Offerings While Adding To Member Satisfaction
Nashville, TN/Seattle, WA – 30, October, 2006 – HealthSpring, Inc. and Zynchros, Inc. today announced the implementation of the Zynchros.com automated formulary management solution. Zynchros has delivered an end-to-end solution for simplifying regulatory reporting around Medicare Part D and improved the flow of prescription drug benefit information to HealthSpring’s members.
In simpler times, an effective Formulary Management program needed nothing more than a spreadsheet application and a drug database. But the pharmacy world has become dramatically more complex.
Sonya Edwards, Clinical Pharmacist for HealthSpring, says, “The Zynchros formulary application is very user friendly. Formulary updates that used to take hours, now take only a few minutes. Zynchros.com keeps track of your formulary so you won’t have to,” she says. “Your complete formulary information is right at your fingertips, along with CMS model formulary documents and formulary information for printed distribution from your marketing department. Zynchros.com makes extracting and printing formulary information, sending formulary files to CMS, and e-mailing your formulary a breeze.”
“We are pleased to have HealthSpring join the Zynchros family”, said Bob Stream, Vice President of Sales, Zynchros. “HealthSpring’s commitment to give Medicare enrollees an extra advantage makes them a perfect partner for Zynchros. Our solutions enable HealthSpring to reduce operating costs, connect with other healthcare constituents such as e-Prescribing vendors, and improve customer service, as well as reducing the complexity of Medicare Part D, and delivering a complete platform that can be leveraged to communicate drug benefits.”
ABOUT HEALTHSPRING, INC. Based in Nashville, Tennessee, HealthSpring is one of the largest managed care organizations in the United States whose primary focus is the Medicare Advantage market. Our concentration on Medicare programs provides us with opportunities to understand the complexities of the Medicare regulations, design competitive products, manage medical costs, and offer high quality healthcare benefits to Medicare beneficiaries in our local service areas.
HealthSpring currently owns and operates Medicare Advantage and stand-alone Medicare prescription drug plans in Tennessee, Texas, Alabama, Illinois, and Mississippi. In addition, the company uses its infrastructure and provider networks in Tennessee and Alabama to offer commercial health plans to employer groups. Further information may be obtained at www.myhealthspring.com.
ABOUT ZYNCHROS, INC. Founded in 2000, privately-held Zynchros, Inc. (formerly Script IQ, Inc.) delivers technology-based solutions that transform the economics of drug-based wellness, improving compliance and agility of health insurers and pharmacy benefit managers. The Zynchros.com on-demand platform provides the workflow processes necessary to initiate pharmacy quality management, improving responsiveness, control and efficiency by synchronizing all of the participants in pharmacy benefits, from P&T to the point of care. To learn more about how Zynchros is interconnecting the world of pharmacy benefits visit www.zynchros.com or call 1-866-996-2476.
For more information contact:
HEALTHSPRING, INC.
Jolene Sharp
Corporate Manager – Media Relations
615.291.7039, ext. 2810
jolenes@myhealthspring.com
ZYNCHROS, INC.
Terry Christiani
206.792.4106
terry.christiani@zynchros.com