2008 MEDICARE PART D PLAN SPONSORS GET UPDATED
BENEFITS WI T H ZYNCHROS.COM 2007.02
Seattle, WA – February 27, 2007 – Zynchros, Inc., the leader in Pharmacy Program Management solutions, today announced the availability of a new release of its industryleading Zynchros.com formulary solution. The new release, version 2007.02, is targeted to health plans and pharmacy benefit managers (PBMs) that are Medicare Part D plan sponsors, and provides a rich feature-set intended to simplify regulatory submissions for the 2008 benefit year.
“With this release, our customers can significantly reduce the work effort involved in their HPMS and Destination Rx/’Price Finder’ submissions”, said David Smith, vice president, Product Management at Zynchros. “The inclusion of the CMS Formulary Reference NDC File and the 2008 USP Model Formulary Guidelines – in combination with powerful new analytical and validation tools – will go a long way to easing the pressures associated with the stringent deadlines for health plan submissions to the Centers for Medicare and Medicaid Services.”
“We have been extremely happy with our use of Zynchros.com to manage our 2007 Medicare Part D submissions and reporting,” says Sonya Edwards, Clinical Pharmacist at HealthSpring. “Of course we expected Zynchros to upgrade their solution with the new data and business rules from CMS, but I can see that the new features for 2008 will really help to leverage our efforts. The validation tool will be extremely useful as an assessment of where we are, will reduce the odds of CMS rejecting our submissions, and eliminate a lot of tedious work. Similarly, generating a Negative Formulary Change report automatically will reduce our workload from more than a week to a couple of hours. This is setting the standard for Medicare Part D submissions and reporting.”
“Today, nearly one in every eight Medicare Part D formularies is produced automatically by the Zynchros.com solution”, said Marc Lilly, chairman and CEO of Zynchros. “An increasing number of plan sponsors are reducing costs, increasing their operational efficiencies, and limiting their exposure to regulatory liabilities through their use of the Zynchros.com solution set.”
PRICING AND AVAILABILITY
The new release of Zynchros.com is available immediately. Offered on a subscription
basis, in a Software-as-a-Service (SaaS) model, health plans and PBMs interested in
subscribing to Zynchros.com should contact us at 866.996.2476.
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:
ZYNCHROS, INC.
Terry Christiani
206.792.4106
terry.christiani@zynchros.com

