Gold Standard Inc. has released OnFormulary (http://on-formulary.com), a web-based reference tool designed to save time and money by providing real-time access to comprehensive, up-to-date health plan formulary information for more than 95 percent of insured patients.
"Anyone who has had to track down alternative medications when a prescribed drug does not appear on a patient's formulary knows how frustrating and time-consuming this can be, said Marianne Messer, executive vice president of sales and corporate development for Gold Standard, a leading developer of drug information databases, software and clinical information solutions. "It can also be expensive, when the soft-dollar costs incurred by pharmacies and prescribers for conversions are factored in. By providing access to comprehensive formulary data, OnFormulary reduces costs, increases productivity and enhances patient care and service.
Jointly developed by Gold Standard and MedKeeper, which in 2006 entered into a strategic partnership, OnFormulary provides secure, online access to data from more than 4,000 plans, including state Medicaid and Medicare Part D. Using simple drop-down navigation, users can select the state and plan name, then search for brand and generic drugs by full or partial name or Therapeutic Drug Class to determine tier status.
Other features include:
- Legends and notes for prior authorization and step therapy requirements, quantity limits, etc.
- Filters to view only on-formulary drugs, or only state Medicaid and Medicare Part D formulary drugs
- Identification of look- and sound-alike drug names
- Optional subscription-based access to clinically-relevant drug information from Clinical Pharmacology, Gold Standard's award-winning electronic drug information and medication management reference
- A standardized, comprehensive formulary data set for integration into healthcare applications such as electronic health and/or medical records
"By combining comprehensive formulary information with a simple conversion process, OnFormulary is a powerful tool that increases productivity and reduces costs, said MedKeeper President Jason Kilgour. "By ensuring healthcare professionals have the most accurate formulary information at their fingertips, OnFormulary also increases the efficiency of provider communications and improves patient education, both of which ultimately improve care.
About MedKeeper
MedKeeper, the developer of OnFormulary, is a privately-held company headquartered in Denver, Colo. In February 2006, MedKeeper entered into a strategic partnership agreement with Gold Standard, bringing together best-of-breed pharmacy tracking, communication and reporting software tools with world-class drug information content.
About Gold Standard
Based in Tampa, Gold Standard is a leading developer of drug information databases, software and clinical information solutions. The Company's products are developed by a staff of highly trained professionals with extensive experience in pharmacy practice, electronic publishing and software development. Customers include more than 1,000 hospitals, the nation's largest retail pharmacy chains and consultant pharmacy organizations, state and federal agencies, the country's top pharmacy and medical schools, leading health information websites, and hundreds of thousands of healthcare professionals and consumers worldwide. Gold Standard's parent company, Elsevier (www.elsevier.com), is a world-leading publisher of scientific, technical and medical information products and services with more than 7,000 employees in over 70 offices across 24 countries. To learn more about Gold Standard, visit www.goldstandard.com or call (800) 375-0943.
