Global Pharmaceutical Solutions and Cooper Green Mercy Hospital Finalize Implementation of an Unbundled Pharmacy Administration Solution

    /24-7PressRelease/ - ST. LOUIS, MO, July 13, 2008 - Global Pharmaceutical Solutions (GPS), an innovative provider of pharmacy benefit consulting and administration solutions, today announced that it has finalized the implementation of an unbundled pharmacy administration service model for Jefferson County/Cooper Green Mercy Hospital. This unbundled model is expected to improve service quality, reduce administrative expenses, and ease the administrative burden. In addition, this model will more appropriately align interests and maximize the use of program resources in a highly cost-effective and efficient manner.

"The GPS offering provides Cooper Green Hospital with a comprehensive pharmacy administration support services solution that enables them to expand pharmaceutical care to their neediest patient population." said Kam Ghazvini, GPS's Chief Pharmacist, and COO. "We are excited about working with Cooper Green and believe our unbundled service model can be customized to meet the unique needs of other safety-net providers who are seeking opportunities to improve the performance of their pharmacy benefit program offerings."

Under the agreement, GPS will manage Cooper Green's pharmacy claims adjudication, pharmacy help desk services, reporting, eligibility and sliding fee program.

"We are very excited about integrating the GPS pharmacy benefit administration service model into our hospital" said Glen Thompson, Pharmacy Director, Cooper Green Mercy Hospital. "The GPS service model will provide us greater control in managing our program, improve service quality and reduce our administrative expenses."

About GPS
Global Pharmaceutical Solutions (GPS) is a full service pharmacy benefits consulting firm that specializes in the design, contracting, implementation, management, administration, analytics and auditing of pharmacy benefit programs. GPS has also developed a suite of administration tools that provides clients with an end-to-end solution that ensures full compliance with all regulatory requirements for both Medicare Part D and 340B programs. GPS is a Safety Net Hospitals for Pharmaceutical Access (SNHPA) corporate partner, an approved supplier of the Prime Vendor Program (PVP) and offers special discounts to PVP members. GPS's Integrity e340B offers an a la carte menu of services which includes, but is not limited to, the following features: Streamlining the 340B process and pharmacy administration for covered entities; maximizing use of in-house pharmacies or facilitates negotiating contracted pharmacy arrangements; providing real time management of sliding fee arrangements and on-going support; incorporating 340B audit trails for compliance; incorporating robust inventory management program and replenishment system, facilitating comprehensive cash management and financial reconciliation services; auditing pricing discrepancies and managing recoveries; incorporating detailed reporting capabilities; maximizing cost savings and revenue generating opportunities; incorporating 340B and PVP formulary and Preferred Drug List (PDL); providing ID card production and patient communication materials. For more information, please visit
http://www.e340b.com

About Cooper Green Mercy Hospital
Cooper Green Mercy Hospital is committed to providing quality health care to its community. As the only county hospital in the Birmingham Metro area, Cooper Green Hospital provides both inpatient and outpatient services, offering a complete range of health care services for the residents of Jefferson County. The Cooper Green Mercy Hospital Pharmacy Department, through its professional and technical staff, offers state-of-the-art pharmaceutical care to the surrounding population. The Cooper Green Hospital's pharmacy department maintains a responsive and accurate medication dispensing system; provides education for all our customers on the safe, effective, and economical use of drugs; trains new practitioners in pharmacy services; and ensures that medications are used appropriately.

About Global Pharmaceutical Solutions

Global Pharmaceutical Solutions (GPS) provides consulting and administrative support services in all areas of the prescription benefit arena.

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