Zynchros Introduces Member Formulary Hosting Service
SOA Web Service Automates the Delivery of Complete and Accurate Member Formulary Data for Health Plan Member Websites
Seattle, WA – 2 June, 2008 –Zynchros, Inc., a leading provider of Pharmacy Quality Management (PQM) solutions to the healthcare industry, announced today a new service, Member Formulary Hosting intended to improve member service and help to control pharmacy costs. The service, hosted by Zynchros, enables health plans to rapidly implement a formulary query capability on their existing public web-site or member portal, without programming efforts.
The solution provides the capability for members to retrieve accurate formulary information based upon drug name, drug “sounds-like” (to address potential misspelling of drug names) and drug type. Once a member has identified their benefit for a particular drug, the health plan has the opportunity to promote a lower cost alternative drug (where appropriate), and offer the member a printable form to discuss the drug change with their doctor, obtain a free first-fill, reduce their costs through mail order or any other promotional incentive the health plan chooses to define. Suited to both commercial and Medicare Part D formularies, the service meets the CMS Marketing Guidelines for Medicare Part D plan sponsorship and can be customized to match the look and feel of any health plan website.
Member Formulary Hosting is built using a service-oriented architecture which employs web services to communicate between the back-end business data layers and the front-end web hosted interface. Built with Microsoft® Visual Studio®, ASP.NET and Microsoft SQL Server®, the service delivers results based upon the query as dictated by the health plan’s drug formulary corresponding to the members’ benefits. The following items are included in the results for the basic service:
- Drug Tier (with optional co-pay)
- Utilization Management Edits
- Quantity Limits
- Step Therapy (step 2 and above)
- Prior Authorization with a link to PA Supplemental Information
- Quantity Limits
- Therapeutic Alternatives
- Relative Pricing (optional)
The service can be easily customized to accommodate a variety of additional data sources including MAC lists (for pricing comparison), drug monographs at the patient level, drug images, proprietary therapeutic classification schemes and many other popular data sets.
“From numerous studies it is clear that members are often unclear about their precise benefits and uncomfortable switching medications”, said Robert Pinkerton, president & COO of Zynchros, Inc. “This solution delivers an actionable framework for plans to migrate members to lower-cost therapeutic alternatives while providing a higher level of service.”
Zynchros will be hosting a complimentary webcast showcasing the new Member Formulary Hosting service on June 5th, 2008. For more information and to register for the event, please visit www.zynchros.com.
PRICING AND AVAILABILITY
The Member Formulary Hosting service is now available. For pricing information please contact Zynchros sales via email at firstname.lastname@example.org or telephone (866) 996-2476, option 1.
ABOUT ZYNCHROS, INC.
Founded in 2000, privately-held Zynchros serves Health Insurers, Pharmacy Benefit Managers (PBMs) and Healthcare IT vendors with a family of on-demand solutions and services. The company’s offerings are designed to simplify Medicare Part D regulatory reporting, effectively manage formulary data, and to streamline the flow of pharmacy information among healthcare constituents. Headquartered in Seattle, WA, the company’s solutions are used by many leading health insurance plans and PBMs to control pharmacy benefit costs, and to effectively leverage e-Prescribing and Electronic Medical Records (EMR) initiatives. To learn more please visit our web-site at www.zynchros.com or call 1-866-ZYNCHROS (866-996-2476).
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