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SOURCE Managed Health Care Associates, Inc.
FLORHAM PARK, N.J., June 24, 2014 /PRNewswire/ -- Managed Health Care Associates, Inc. (MHA), a leading health care services and technology company focused on the alternate site health care provider marketplace, announced the completion of its seventh annual MHA Independent Long Term Care Pharmacy (LTCP) Member Study. This study was first introduced in 2008 to provide MHA LTCP members and other industry stakeholders with insight into the operations of independent long term care pharmacies nationwide. The 2014 report findings include data from over 1,000 nationwide participants, 152 million prescriptions and 2.9 million patient profiles across the spectrum of patient care settings.
Michelle Templin, MHA Vice President Strategic Business Development, commented, "In this year's edition, we not only continued to report on the utilization of specialty pharmaceuticals within LTC pharmacies but we also analyzed the impact of limited distribution and limited payor networks on this population. We also expanded the study to include financial metrics highlighting average cost of goods as a percent of revenue, average co-pay per prescription, packaging expenses, and percent of uncollected revenue. As the leader in the LTC pharmacy space it is critical that we present a useful annual report for our members."
Craig Douglas, MHA Senior Vice President, LTCP added, "The Independent LTC Pharmacy Member Study was developed based on the requests of our membership and continues to be a popular report, providing valuable insight in support of our members' business and the LTC market at large. We appreciate the continued participation of our members which makes this the most comprehensive and current survey of the long term care pharmacy marketplace."
Managed Health Care Associates, Inc. (MHA) is a leading health care services and technology company focused on the alternate site healthcare provider. MHA provides expertise in Group Purchasing, Managed Care and Payer Contracting, Reimbursement Management, Specialty Pharmacy Solutions, Pharmaceutical Data Analytics, Consultant Pharmacy Software and Legislative Advocacy. Through the delivery of innovative health care services and solutions, MHA helps members increase operational efficiency, maximize business growth and provide optimum care for their patients. For more information, visit www.mhainc.com.
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