Magellan Rx Management Earns URAC Reaccreditation in Pharmacy Benefit Management

Friday, April 21, 2017

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today announced that Magellan Rx Management, the company’s pharmacy benefit management (PBM) division, through its subsidiary Magellan Pharmacy Solutions, has earned URAC reaccreditation in Pharmacy Benefit Management for the commercial and managed care lines of business. URAC is the independent leader in promoting healthcare quality through accreditation, certification and measurement. By achieving this status, Magellan Rx Management has demonstrated a comprehensive commitment to quality care, improved processes and better patient outcomes.

“This accreditation underscores Magellan Rx Management’s commitment to administering clients’ benefits in accordance with industry best practices and standards, and with their members’ best interest in mind,” said Scott Helmus, chief operating officer of Magellan Rx Management. “We’re proud of our team, and the work they do each and every day to help individuals live healthy, vibrant lives.”

“URAC accreditation shows that Magellan Rx Management is a pharmacy benefit management organization able to adhere to standards that cover important aspects of care such as claims processing, developing proper drug formulary, and consumer access,” said URAC president and CEO Kylanne Green. “Quality policies and procedures are paramount as the price and complexity of medications rise. Magellan Rx Management chose to demonstrate their performance through URAC’s independent accreditation of their services.”

In addition to Pharmacy Benefits Management, Magellan Rx Management is also URAC-accredited for Health Utilization Management, as well as Specialty Pharmacy.

Magellan Rx Management is a full-service PBM that specializes in solving complex pharmacy challenges for its customers by developing and executing smart solutions that leverage industry-leading experience and technology to improve quality and costs across the employer, third-party administrator, broker, managed care, government, Medicaid and Medicare Part D markets. With proven clinical expertise, Magellan Rx Management delivers customized programs to address clients' most challenging clinical demands by engaging patients and providers to deliver improved health outcomes while reducing costs. As a pioneer in specialty and medical pharmacy management, Magellan Rx Management delivers consistent, proven quality and cost savings in one of the most complex and rapidly growing areas healthcare.

About Magellan Health: Magellan Health, Inc. is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.

About URAC: Founded in 1990, URAC is the independent leader in promoting healthcare quality through accreditation, certification and measurement. URAC is a nonprofit organization developing evidence-based measures and standards through inclusive engagement with a range of stakeholders committed to improving the quality of healthcare. Our portfolio of accreditation and certification programs span the healthcare industry, addressing healthcare management, healthcare operations, health plans, pharmacies, telehealth providers, physician practices, and more. URAC accreditation is a symbol of excellence for organizations to showcase their validated commitment to quality and accountability.

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