MedImpact Receives PBMI Excellence Award for Quality Improvement
MedImpact today announced that it has received the 2021 Pharmacy Benefit Management Institute (PBMI) Excellence award for quality improvement for its novel pharmacogenomics (PGx) solution.
PGx is the study of how a person's genetics affects their response to a drug. An individual's genetic makeup can determine how effective a medication will be, requiring changes to dosing or different medications altogether. It can also determine the risk of experiencing an adverse event from a medication, such as stroke, arrhythmia, and cardiomyopathy. Although medical science has long understood the links between genes and drugs, the healthcare industry has struggled to use this information to deliver actionable results to prescribers.
"MedImpact's solution will help members and prescribers identify the medications and dosages that are right for members the first time," said Brian Haug, Executive Director of PBMI. "We granted this award because of MedImpact's novel approach to pharmacogenomics and its potential to make a real difference for both members and health plans."
With MedImpact's PGx solution, members provide their genetic information by mailing in a simple mouth swab test. MedImpact then provides a report to the member and their prescribers with test results. MedImpact also monitors the members' pharmacy claims and notifies them and their prescribers of either potential adverse events or drugs that are likely to be ineffective. The list of drugs that the program monitors is continually revised and updated as more evidence is gathered, including drugs recently approved by the U.S. Food and Drug Administration.
The MedImpact approach is significantly different than other solutions on the market that conduct a single genetic test to see how an individual will respond to a single therapy prescribed by a single prescriber. MedImpact's program screens for genetic interactions with more than 200 commonly prescribed medications and provides members and their prescribers with the information. This program is available to members of MedImpact clients which participate in the PGx program.
"We are honored to receive this award and grateful for the difference this program is making for our members and clients," said Lisa Cashman, PharmD, VP of Specialty Solutions at MedImpact.
MedImpact accepted the award at the 26th PBMI Annual National Conference in Orlando.
About MedImpact
For 30 years, MedImpact has been building, delivering, and reimagining pharmacy benefit solutions for healthcare payers who face complex and dynamic challenges. As the leading independent PBM, we offer clients the clarity they need to make care and cost decisions; control over a powerful suite of solutions that manage pharmacy spend; and confidence that comes from a proven PBM partner who is fully aligned with their goals and invested in their future. Learn more at www.medimpact.com or follow us on Twitter @MedImpact.
News published on and distributed by:
