MedImpact History

1989

Founded in San Diego, Calif. by pharmacists on the principle of complete financial transparency and full disclosure
MCO client base
Total employees: 10

1990

Began clinical analytic services with launch of MedFocus®

1992

Held first annual conference
Launched business intelligence reporting tool

1993

Implemented first national MCO client
Implemented first MedImpact standard formulary
Deployed electronic online claims processing
Client access to claims data available with MedAccess®
Rebate management programs began with launch of MedDividend®

1995

Expanded client base to include private-label PBMs and unions
Total covered lives: 5 million
Total employees: 50

1999

Earned NCQA and Quality Improvement standards compliance
Established MedCare® pharmacy network
Total covered lives: 10 million
Total employees: 200

2000

Online physician access to patient drug history available with Physician Access report
Retail pharmacy network increased to 55,000 entities
Total covered lives: 14 million
Total employees: 300

2001

Enabled disease management and flexible drug distribution services for chronically ill individuals with launch of specialty program
Began physician outreach with development of MedResults® clinical intervention program

2002

Expanded client base to include large employer groups and TPAs
Introduced Select and Choice formulary options
Expanded clinical consultative services with Medical Director oversight
HIPAA Compliant
Total covered lives: 14 million
Total employees: 400

2003

Nationally recognized for health plan member satisfaction
Launched Choice90Rx® 90-day retail fulfillment program as alternative to mail order
Established spending account connectivity for HSAs, HRAs and FSAs

2004

Medicare Drug Discount Card endorsed PBM – MedCare USA
Launched member portal with focus on consumer-directed health care

2005

Certified as a transparent PBM by the HR Policy Association Pharmaceutical Coalition
Joined Center for Health Transformation as Founding Charter Member
Medicare Part D Participant as the PBM inside client PDP and MA-PD plans
Expanded retail pharmacy network to 59,000 pharmacies nationwide
Total covered lives: 14 million
Total employees: 500

2006

Implemented Medicare Part D program with client PDP and MA-PD plans
Started shared prior authorization management using MedResponse®
Launched portfolio of generics strategies
Provided health care trend evaluation and monitoring services with MedPatterns®

2007

First PBM member of American Hospital Association (AHA)
Total covered lives: 30 million
Total employees: 700

2008

Increased retail pharmacy network to 60,000
Accredited by URAC for Pharmacy Benefit Management
Opened Southwest Regional Operations Center in Tempe, Ariz.
Total employees: 800

2009

Certified provider of Microsoft® HealthVault™
Collaborated with the Michigan State Medical Society, Microsoft Corp., and Covisint to be first in the nation to provide statewide health data connectivity in Michigan

2010

Received TIPPS certification for highest level of PBM transparency from the HR Policy Association Pharmaceutical Coalition
Provides pharmacy services to more than 35 million lives

2011

Re-accredited by URAC for Pharmacy Benefit Management
MedAccess® claims processing system recognized by eHealthcare Leadership Awards in Best eBusiness Site category

2012

With ChoiceSpecialty®, MedImpact expands its specialty pharmacy services to include high-touch programs that promote individualized patient care with clinical support tools for meaningful population management
MedImpact acquires SUNRx, a provider of 340B pharmacy benefit management solutions

2013

In an effort to expand its scope of services and anticipate changes resulting from healthcare reform, MedImpact acquires ScriptSave, a consumer-focused PBM, and Apex Affinity, a prescription discount provider
Provides pharmacy services to more than 47 million lives

2014

Celebrated 25 year anniversary
Introduced MedImpact Direct® to the market
Provides pharmacy services to more than 50 million lives