Agreement Provides Physicians with Access to ePrescribing TechnologyFRANKLIN LAKES, N.J. and TETERBORO, N.J., Mar 15, 2004 /PRNewswire-FirstCall via COMTEX/ -- Medco Health Solutions (NYSE: MHS), one of the
nation's leading providers of pharmacy benefit management services, and Quest
Diagnostics Incorporated (NYSE: DGX), the nation's leading provider of
diagnostic testing, information and services, today announced a new initiative
to provide physicians with online access to pharmacy benefit management
services. The new services will be available to physicians through Quest
Diagnostics' eMaxx(R) physician Internet portal, developed by MedPlus, the
healthcare information technology subsidiary of Quest Diagnostics.
"E-prescribing can improve patient safety and reduce costs for employers
and plan sponsors by helping to reduce the number of prescribing errors and by
providing patient-specific benefit information during the prescription
decision-making process," said John Driscoll, senior vice president, product
and business development, Medco Health. "Our relationship with Quest
Diagnostics and MedPlus will help bring e-prescribing technology to more
physicians and their staff, giving them access to real-time information about
patients' health plans, formularies and medication histories."
As part of the initiative, Medco Health will make its pharmacy benefit
information available to patients' physicians through the ePrescribing feature
on the eMaxx portal. Physicians using eMaxx will be able to view Medco Health
patients' formulary information and medication histories across multiple
providers, and will be able to prescribe medication at the point of care in a
manner that is consistent with the HIPAA (Health Insurance Portability and
Accountability Act) privacy and security requirements. eMaxx currently enables
physicians to order diagnostic tests and review laboratory test results
online, view clinical and administrative information from many sources, and
share patient information with medical colleagues while protecting the
confidentiality of this information.
"When physicians have access to critical patient information over a period
of time, including laboratory test results and medication histories, as well
as point of care access to insurance plan formularies, they can make the best
possible decisions for their patients," said Richard A. Mahoney, president,
MedPlus. "We are excited about this agreement because it will provide
physicians access to these clinically useful tools."
eMaxx will connect to Medco Health's data through RxHub(R), an electronic
information exchange that enables physicians who use electronic prescribing
technology to link to pharmacy benefit managers, health plans and pharmacies.
RxHub helps to increase patient safety and convenience, safeguard patients'
privacy, and reduce overall system cost by serving as a conduit for the secure
exchange of prescription plan information and by routing prescriptions to the
patients' choice of pharmacy. RxHub is a joint venture formed by Medco Health,
AdvancePCS, and Express Scripts, the three leading pharmacy benefit managers
in the United States.
About Quest Diagnostics
Quest Diagnostics Incorporated is the nation's leading provider of
diagnostic testing, information and services, providing insights that enable
healthcare professionals to make decisions that improve health. The company
offers the broadest access to diagnostic testing services through its national
network of laboratories and patient service centers, and provides interpretive
consultation through its extensive medical and scientific staff. Quest
Diagnostics is the leading provider of esoteric testing, including gene-based
medical testing, and provides advanced information technology solutions to
healthcare organizations and clinicians to improve patient care. Additional
company information is available at: www.questdiagnostics.com
The statements in this press release which are not historical facts or
information may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause actual results and
outcomes to be materially different. Certain of these risks and uncertainties
may include, but are not limited to, competitive environment, changes in
government regulations, changing relationships with customers, payers,
suppliers and strategic partners and other factors described in the Quest
Diagnostics Incorporated 2003 Form 10-K and subsequent filings.
About MedPlus
MedPlus(R) is a leading developer and integrator of clinical connectivity
and data management solutions for healthcare organizations and clinicians.
These solutions efficiently and securely collect, store, manage and retrieve
clinical information within an organization, enterprise or community via
virtual private networks and/or the Internet. MedPlus solutions, including
ChartMaxx(R) (electronic patient record solution) and eMaxx(R) (physician-
focused clinical integration portal solution) have been implemented in more
than 125 hospitals throughout North America. MedPlus is a wholly-owned
subsidiary of Quest Diagnostics Incorporated. For more information, visit the
Company's Web site at www.medplus.com.
About Medco Health
Medco Health Solutions, a leading pharmacy benefits manager with the
nation's largest mail order pharmacy operations, assists its customers to
moderate the cost and enhance the quality of prescription drug benefits
provided to members nationwide. Its customers include private and public-
sector employers and healthcare organizations. Medco Health is traded on the
New York Stock Exchange under the symbol MHS. On the Net: www.medcohealth.com.
This press release contains "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties which may cause results to differ
materially from those set forth in the statements. No forward-looking
statement can be guaranteed, and actual results may differ materially from
those projected. We undertake no obligation to publicly update any forward-
looking statement, whether as a result of new information, future events, or
otherwise. Forward-looking statements in this presentation should be evaluated
together with the risks and uncertainties that affect our business,
particularly those mentioned in the Risk Factors section of the Company's
Registration Statement on Form 10 filed with the Securities and Exchange
Commission (SEC File No. 1-31312).
Medco Health Contacts:
Jennifer Leone - Media
Ph: (201) 269-6402
jennifer_leone@medcdohealth.com
Quest Diagnostics Contacts:
Jennifer Somers - Media
Ph: (201) 393-5700
Laure Park - Investors
Ph: (201) 393-5030