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Humana Pharmacy Solutions Receives Renewal of URAC Pharmacy Benefit Management Accreditation

Category:

Wednesday, December 1, 2010 1:00 pm EST

Dateline:

LOUISVILLE, Ky.

Public Company Information:

NYSE:
HUM
US4448591028
"It’s exciting to us to be recognized in our industry for providing outstanding services. The accreditation renewal also underscores the quality of our work with Humana members, customers, clients, payors and health care providers by confirming our compliance with national standards for PBM services."

LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM) announced today that its pharmacy-benefit management business, Humana Pharmacy Solutions, has once again been awarded full Pharmacy Benefit Management Accreditation from URAC, a Washington, D.C.-based health care accrediting organization that establishes quality standards for the health care industry.

URAC’s Pharmacy Benefit Management Accreditation standards require companies to demonstrate their commitment to quality and safety. The accreditation shows that a pharmacy benefit manager’s (PBM) contract terms and pricing structures are clear, and that the PBM ensures broad access to prescription drugs and pharmacies.

“Humana is honored to receive PBM accreditation from URAC,” said William Fleming, vice president of Humana Pharmacy Solutions. “It’s exciting to us to be recognized in our industry for providing outstanding services. The accreditation renewal also underscores the quality of our work with Humana members, customers, clients, payors and health care providers by confirming our compliance with national standards for PBM services.”

“By applying for and receiving Pharmacy Benefit Management Accreditation, Humana has demonstrated a commitment to quality health care,” said Alan P. Spielman, URAC president and CEO. “Quality health care is crucial to our nation’s welfare and it is important to have organizations that are willing to measure themselves against national standards.”

URAC, an independent, nonprofit organization, is a leader in promoting health care quality through accreditation and certification programs. URAC’s standards keep pace with rapid changes in the health care system, and provide a mark of distinction for health care organizations to demonstrate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards-development process, URAC ensures that all stakeholders are represented in setting meaningful standards for the health care industry.

For more information, visit www.urac.org.

About Humana Pharmacy Solutions

Humana Pharmacy Solutions, a division of Humana Inc., manages traditional pharmacy benefits with member-focused strategies to yield savings in pharmacy and total health expense. Providing prescription coverage for both individuals and employer groups, Humana strives to give members access to the medicine they need while offering guidance on clinically proven, therapeutically equivalent drugs that bring better value to the member and the customer.

About Humana

Humana Inc., headquartered in Louisville, Kentucky, is one of the nation’s largest publicly traded health and supplemental benefits companies, with approximately 10.1 million medical members and 7.0 million specialty members. Humana is a full-service benefits solutions company, offering a wide array of health, pharmacy and supplemental benefit plans for employer groups, government programs and individuals.

Over its 49-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases
  • Replays of most recent earnings release conference calls
  • Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
  • Corporate Governance information

Contact:

Humana Corporate Communications
Jim Turner, 502-580-3221
jturner2@humana.com