MedImpact History
1989-1999 | 2000-Present
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
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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
2011
- Re-accredited by URAC for Pharmacy Benefit Management
- MedAccess® claims processing system recognized by eHealthcare Leadership Awards in Best eBusiness Site category
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