Health Market Science and Speed Script Announce Partnership

Will offer real-time prescriber validation to mitigate risk at Rx Point of Service

2011-03-25

KING OF PRUSSIA, PA, March 25, 2011 (Press-News.org) Health Market Science (HMS), a leading source for healthcare provider data and solutions, and Speed Script, a market leader in pharmacy automation and services, today announced a strategic partnership to provide pharmacies with a solution that mitigates the risk of submitting an erroneous claim by using an incorrect group practice address, an invalid prescriber identifier or submitting a prescription for a state or federally sanctioned prescriber.

The HMS-Speed Script relationship brings the pharmacy industry the expertise of two market leaders in pharmacy management technology and prescriber data solutions. HMS's Prescriber MasterFile is integrated with Speed Script pharmacy management system, in order to offer customers the latest prescriber data which includes name, multiple addresses, phone, and fax, as well as compliance related data such as licensure, status, sanctions, and DEA prescriptive authority.

"We're delighted to be leveraging HMS's Prescriber MasterFile in our solution," said Marcus Wilson, RPh., Executive Vice president, COO, Speed Script Pharmacy Management Systems and Services. "Our mutual clients have many challenges at the Rx point of service - from reducing wait time to keeping compliant with stricter state and federal laws. Through Speed Script, HMS's compliance-grade prescriber data offers our clients the most dependable information to make rapid and confident decisions while mitigating risk."

The HMS Prescriber MasterFile is comprised of multiple prescriber demographics to ensure selection of the correct prescriber and information for a given Rx transaction as mandated by strict regulations.

"In addition to addressing compliance mandates, pharmacies are increasingly depending on technology and software to help drive efficiency," commented Craig Ford, Senior Vice President, Pharmacy sector, Health Market Science. "Speed Script provides robust workflows that leverage our Prescriber MasterFile to handle data discrepancies. In the past, pharmacists were forced to delay the claim submission to look up prescriber information and run the risk of entering the wrong information. Working with Speed Script to solve those challenges has been a win-win for our customers."

About Health Market Science
Founded in 1999, Health Market Science (HMS) is dedicated to providing the most accurate and useful data solutions to pharmacy, pharmaceutical, medical device manufacturers, health care providers, hospital systems, pharmacy benefit managers, and other segments of the healthcare and life science markets. Our entire organization is focused on the quality of the solutions we deliver which starts with a relentless pursuit of acquiring, analyzing and cleansing more than 2,000 disparate data sources. HMS has the experience, technology, people, and processes to deliver the most accurate, timely healthcare provider MasterFile available in the market. With more than 140 employees, HMS uses innovative technology and domain expertise to help our clients comply with evolving federal and state based laws, reduce operational costs and maximize market opportunities. For more information, visit http://www.healthmarketscience.com

About Speed Script
Founded in 1978, Speed Script is a market leader in pharmacy automation and services, serving independent and small chain pharmacies throughout the United States for 33 years. Speed Script offers software and technology solutions for retail, long-term care, hospital outpatient and compounding pharmacies. The hallmark and defining attribute of Speed Script is its dedication to sensational customer service. For more information, visit http://www.speedscript.com.

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