Corporate
Medco Health Solutions Inc is a leading PBM (Pharmacy Benefit Manager) and the No.1 online and mail-order pharmacy services in the United States. Medco is also the only company in its business segment that has successfully leveraged the scope of the internet to provide better services to its clientele.Activities
Medco’s business model requires collaboration with:Medco as a top provider of pharmacy services has focused on achieving reduction in the rate of increase in drug expenditures (drug trend).
Medco achieves lower costs for its clients by:
- Health educational programs and sophisticated information systems providing patients, pharmacists and physicians with information to ensure the most appropriate use of prescription drugs based on the individual’s health profile, best clinical practices and plan coverage
- Drug utilization reviews and innovative pediatric and senior drug review programs that help assure member safety
- Through proprietary methods that provide the safest, fastest and most cost effective method of filling a prescription through mail order
To stay ahead in the provision of services Medco has dedicated account teams that facilitate custom-tailored plans for end users.
- Health Plans - Managed care organizations like HMOs, insurance carriers and e-health plans
- Employers - Including large unionized workforces
- Labor – Multi-employer trust funds and benefit plans
- Government – Medicaid and Medicare plans, federal, state, municipal and county benefit plans and public universities
- Drug trend
- Plan Design
- Specialty Pharmacy
- Other important subjects
Performance
In Fiscal 2005 Medco recorded net revenues of USD 37.9 billion which was 7.1 % higher than what it was in the last fiscal.
Growth in revenue over the last 5 fiscals
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Medco recorded net profits of USD 602 million in Fiscal 2005 which was 25 % higher than what it was in the last fiscal.
Medco’s total assets were worth USD 13.70 billion in Fiscal 2005 which was 30 % higher than what it was in the last fiscal. Growth in value of total assets over the last 2 fiscals 
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corporate office is located at:100 Parsons Pond Drive,Franklin Lakes, NJ 07417-2603 Tel: 1 800 631-7780 Website: www.medco.com RecognitionMedco was ranked No. 1 in customer satisfaction for online pharmacy services and mail-order pharmacy by WilsonRx Pharmacy Benefit Satisfaction Report 2006.Medco’s website medco.com was the only healthcare website that ranked among the top 10 North American companies for online privacy according the Annual Privacy Report of the Customer Respect Group. Additionally Medco received numerous other awards and recognition that further consolidated its leadership of the market in its line of business. OrganizationMedco is headed by Mr. D. B. Snow Jr. who is the Chairman, and CEO of the company.Medco employs over 32,000 people globally. |
