SIERRA HEALTH SERVICES AND ROCKY MOUNTAIN HEALTH PLANS CHOOSE ZYNCHROS.COM TO DRIVE THEIR FORMULARY STRATEGIES
Health Plans unlock the power and value of the formulary to transform the economics of pharmacy benefits
Las Vegas, NV/Grand Junction, CO/Seattle, WA – 6, December, 2006 – Sierra Health Services, Inc. (NYSE:SIE) and Rocky Mountain Health Plans today announced the selection and initial implementation of Zynchros.com, the industry’s only on-demand formulary management solution delivered by Zynchros, Inc. that synchronizes the entire pharmacy benefits chain -- P&T to the point of care.
“Formularies are no longer simply a list of approved drugs; they are fast becoming a key strategic asset for improving patient care, strengthening competitive position and driving down market costs. “ said Bob Stream, Vice President of Sales for Zynchros. “We are very pleased that these two innovative health plans have selected Zynchros.com as a technological tool to help deliver more efficiency and cost-effectiveness to their constituents. By replacing spreadsheet-based formularies with an on-demand service designed to synchronize and interconnect the entire pharmacy benefit chain, they are helping ensure best practice workflow management and streamlined prescription compliance and accuracy.”
"At Rocky Mountain Health Plans, we juggle Commercial, Medicaid, and Medicare Part D formularies - each one is different from the other,” explains Steve R Nolan, Pharmacy Director, Rocky Mountain Health Plans. “We see Zynchros as an opportunity to streamline our processes, keep our formularies updated, correct and synchronize them with our pharmacy benefit management companies. Zynchros gives us access to the entire Medi-Span database so our formularies are more complete than ever before. Instead of spending hours using a variety of software programs to manage our formularies, we can log onto Zynchros.com, make changes, and create output for paper, web, and PBM drug lists."
Sierra Health Services will use Zynchros to manage its Medicare Part D formulary submission and publishing requirements. The software will interface with Sierra’s Medi-Span based billing system. It is expected to provide the advantage of central management of all formularies and all associated printed documents. The Company expects the program to reduce its formulary operating costs. "Moving to Zynchros.com will significantly improve system efficiency and accuracy," explains Dr. Steven Evans, Pharmacy Director, Sierra Health Services, Inc.
ABOUT SIERRA HEALTH SERVICES
Sierra Health Services, Inc., based in Las Vegas, is a diversified healthcare services company that
operates health maintenance organizations, indemnity insurers, preferred provider organizations,
prescription drug plans and multi-specialty medical groups. Sierra's subsidiaries serve over
800,000 people through health benefit plans for employers, government programs and
individuals. For more information, visit the Company's website at www.sierrahealth.com.
ABOUT ROCKY MOUNTAIN HEALTH PLANS
Rocky Mountain Health Plans (RMHP) provides medical benefit plans and services to more than
188,000 enrollees. The organization was founded in 1974 and offers a wide range of medical
benefit options, including PPO, HMO, shared-funding, and partially self-funded medical plans. It
also provides health plans for Medicare and Medicaid-eligible persons and children who receive
care under Colorado’s Child Health Plan Plus program.
RMHP is the proud recipient of the 2006 America’s Health Insurance Plans Foundation Innovation and Excellence Award in Chronic Care for our Improving Diabetes Outcomes in Mesa County initiative. For more information, contact Rocky Mountain Health Plans at 800-843-0719 or visit www.rmhp.org.
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:
ROCKY MOUNTAIN HEALTH PLANS
Kayla Arneson
970-244-7967
Kayla.arnesen@rmhp.org
SIERRA HEALTH SERVICES
Gillian Rodis
702.242.7784
Gillian.rodis@sierrahealth.com
ZYNCHROS, INC.
Terry Christiani
206.792.4106
terry.christiani@zynchros.com