Retail News Breaks
CVS seeks accreditation as 'community pharmacy'
May 7th, 2014
WASHINGTON – CVS/pharmacy is the first drug chain to pursue a new designation from health standards body URAC: Community Pharmacy Accreditation.
URAC said Tuesday that the Community Pharmacy Accreditation Program was developed in response to the market need to differentiate community pharmacies that engage in patient counseling and education, medication therapy management (MTM) and quality initiatives that improve care and rein in overall health care costs.
To earn the accreditation, providers must undergo a rigorous, independent evaluation process to ensure the achievement of accountability and quality under industry-vetted standards, according to URAC.
CVS Caremark Corp., the parent of CVS/pharmacy, is already accredited for four of URAC's six pharmacy accreditation programs: Pharmacy Benefit Management, Drug Therapy Management, Specialty Pharmacy and Mail Service Pharmacy.
"We are pleased to be the first retail pharmacy seeking URAC's new Community Pharmacy Accreditation," Josh Flum, senior vice president of retail pharmacy at CVS Caremark, said in a statement. "Independently validating the quality of CVS/pharmacy's patient services through the same accreditation process that CVS Caremark's other pharmacy businesses have undergone demonstrates our commitment to helping our customers on their path to better health."
The Community Pharmacy Accreditation program affirms the quality of patient management services provided by community pharmacies, URAC said. The accreditation is designed to validate that the structure and processes are in place to provide effective integrated, patient-centered and accountable care.
URAC noted that the accreditation offers independent, third-party recognition and support for community pharmacies, signifying excellence and quality in single- and multiple-site pharmacies.
Under the program, community pharmacies are generally defined as any single- or multi-site pharmacy organization that dispenses prescription drugs and provides patient-centered medication management, wellness services, and preventive and chronic disease management services, URAC said.
Health care sector changes spurred by health reform have heightened the demand quality improvement programs and quality health outcomes in the marketplace, according to URAC.
"CVS Caremark has demonstrated its commitment to quality by being early adopters of URAC's pharmacy accreditation programs, and we are pleased to announce that CVS/pharmacy is the first to seek accreditation as a community pharmacy," stated Kylanne Green, URAC's chief executive officer.
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