FDAnews Drug Daily Bulletin

MEDVENTIVE RECOGNIZED FOR INDUSTRY BEST PRACTICE IN THE MANAGEMENT OF PHARMACY COSTS

April 5, 2006
A A

In a report recently released by the U.S. Department of Health and Human Service's Office of the Assistant Secretary for Planning and Evaluation, MedVentive, a provider of medical cost containment and healthcare quality improvement solutions, was identified as a Best Practice vendor of pharmacy cost management products and services. In addition to slowing dramatically the rate of pharmaceutical cost inflation in the member population profiled in the report, MedVentive delivered more than $8 million in direct cost savings through the deployment of PRISM, the company's proprietary Web-based drug substitution system. Business Wire (http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060404005646&newsLang=en)