CoverMyMeds
American healthcare technology company
CoverMyMeds is an American healthcare technology company that provides electronic prior authorization (ePA) solutions to streamline the medication approval process. Founded in 2008, the company is headquartered in Columbus, Ohio. CoverMyMeds is a subsidiary of McKesson Corporation, a global leader in healthcare supply chain management solutions.
History[edit | edit source]
CoverMyMeds was founded in 2008 by Matt Scantland and Sam Rajan. The company was established to address the inefficiencies in the prior authorization process, which often delayed patient access to necessary medications. By creating an electronic platform, CoverMyMeds aimed to simplify and expedite the approval process for both healthcare providers and patients.
In 2017, CoverMyMeds was acquired by McKesson Corporation for approximately $1.1 billion. This acquisition allowed CoverMyMeds to expand its reach and integrate its services more deeply into the healthcare system.
Services[edit | edit source]
CoverMyMeds offers a range of services designed to improve the prior authorization process. The company's platform connects healthcare providers, pharmacists, and insurance companies to facilitate the electronic submission and approval of prior authorization requests. This reduces the time and effort required to obtain medication approvals, thereby improving patient outcomes.
The platform is integrated with most electronic health record (EHR) systems and pharmacy management systems, allowing for seamless communication between different stakeholders in the healthcare process.
Technology[edit | edit source]
CoverMyMeds utilizes advanced technology to provide real-time data and analytics to healthcare providers. This technology helps identify potential issues in the prior authorization process and offers solutions to streamline approvals. The platform's user-friendly interface and robust support system make it accessible to a wide range of users, from small clinics to large hospital systems.
Headquarters[edit | edit source]
CoverMyMeds is headquartered in Columbus, Ohio, at the 2 Miranova Place building. The location serves as a central hub for the company's operations, housing various departments including technology development, customer support, and administrative functions.
Impact on Healthcare[edit | edit source]
CoverMyMeds has significantly impacted the healthcare industry by reducing the administrative burden associated with prior authorizations. By automating the process, the company has helped healthcare providers focus more on patient care rather than paperwork. This has led to faster medication access for patients and improved adherence to prescribed therapies.
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