CVS Caremark Receives URAC Accreditation for Mail Service Pharmacy

WOONSOCKET, R.I., June 24, 2013 /PRNewswire/ -- CVS Caremark (NYSE: CVS) announced today that it has been awarded Mail Service Pharmacy accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry.

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"CVS Caremark is committed to providing high quality mail pharmacy services because we recognize that mail is such an important dispensing mechanism in opening access and reducing costs in pharmacy care," said Jon Roberts, President of CVS Caremark's Pharmacy Benefit Management business.  "Mail service pharmacy also helps us to encourage better medication adherence, which is a critical factor in helping patients on their path to better health."

Mail Service Pharmacy is generally used by patients who require maintenance medications for chronic conditions and receive their maintenance medications in dosages of 90 day supply. The URAC accreditation program for Mail Service Pharmacy evaluates organizational quality standards; customer service, communications, and disclosure standards; mail drug management standards and pharmacy operations standards.

"We applaud CVS Caremark on achieving URAC Mail Service Pharmacy accreditation," said William Vandervennet, URAC Chief Operating Officer. "In today's health care market, URAC accreditation provides a mark of distinction for organizations to demonstrate their commitment to quality health care."

URAC offers the only third-party, voluntary accreditation program of this scope for the pharmacy benefit management and prescription services industry. All standards were developed by URAC's Pharmacy Advisory Committee, which includes a wide range of stakeholders: employers, consumers, pharmacy consultants, health plans, retail pharmacy, pharmacy benefit management organizations, pharmacy professional organizations, labor, and large public purchasing groups.

About URAC

URAC, an independent, nonprofit organization, is well-known as a leader in promoting health care quality through its accreditation and certification programs. URAC offers a wide range of quality benchmarking programs and services that keep pace with the rapid changes in the health care system, and provide a symbol of excellence for organizations to validate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC strives to ensure that all stakeholders are represented in establishing meaningful quality measures for the entire health care industry. For more information, visit www.urac.org.

About CVS Caremark

CVS Caremark is dedicated to helping people on their path to better health as the largest integrated pharmacy company in the United States. Through the company's more than 7,400 CVS/pharmacy stores; its leading pharmacy benefit manager serving more than 60 million plan members; and its retail health clinic system, the largest in the nation with more than 600 MinuteClinic locations, it is a market leader in mail order, retail and specialty pharmacy, retail clinics, and Medicare Part D Prescription Drug Plans.  As a pharmacy innovation company with an unmatched breadth of capabilities, CVS Caremark continually strives to improve health and lower costs by developing new approaches such as its unique Pharmacy Advisor program that helps people with chronic diseases such as diabetes obtain and stay on their medications.  Find more information about how CVS Caremark is reinventing pharmacy for better health at http://info.cvscaremark.com/newsroom

SOURCE CVS Caremark