Accreditation Information. These rigorous standards established by URAC for the management of provider networks align with our culture and long … Medical Cost Management Corporation 200 West Monroe Street, Suite 1850 Chicago, Illinois 60606 Results can be used to review and confirm operational soundness, set priorities, drive organizational improvements, and build more robust processes. Washington, DC, June 30, 2020 — In response to the uncertainty the COVID-19 has brought to the health care industry, URAC, the nation’s leading independent health care accrediting body, announced today a temporary, significant reduction in price during COVID-19 for many of its most important programs. Accredited organizations must also focus formulary decisions on the safety, efficacy and therapeutic need for drugs first, and focus on cost only after these considerations are met. Recognizing that many health care organizations throughout the ecosystem have faced significant fiscal challenges during the pandemic, URAC made the decision to reduce the price of their accreditation to ensure that cost is not a barrier to improving health outcomes. Its most recent accreditation is effective July 1, 2017, to July 1, 2020. “Health Net Federal Services is proud to maintain URAC’s Health Network Accreditation. URAC accreditation is a symbol of excellence for organizations to showcase their validated commitment to quality. Even though NCQA is the gold standard (their words), when faced with attaining accreditation, they frequently choose URAC. Utilization Review accreditation Commission (URAC) is one of the two major organizations which accredit health plans on various healthcare quality measures.It is a Washington DC-based, nonprofit, independent organization founded in 1990, recognized by 46 states, District of Columbia, and 6 federal agencies Celebrating its 30th anniversary in 2020, URAC is the independent leader in promoting health care quality through leadership, accreditation, measurement and innovation. Accredited Sites. URACQUIZ. URAC states that their accreditation programs are considered the premier choice in the industry, accounting for 64% of the votes for the program payers deem the “most important type of SP third-party accreditation.” Make no mistake, accreditation makes a difference. Accreditation Timeline • September 1, 2005 URAC Health Network Accreditation Received • September 1, 2007 URAC Health Network Re-Accreditation Received • September 1, 2010 URAC Health Network Accreditation with Credentialing Received • September 26, 2013 URAC Health Network Accreditation with … Key Concepts: Terms in this set (77) How do you (or the organization) provide oversight to ensure the company is compliant with applicable laws and regulations? Match. An exception is that the Affordable Care Act required accreditation within a certain time period to be able … URAC is an independent, nonprofit accreditation agency based in Washington, D.C. whose mission is to advance healthcare quality through leadership, accreditation, measurement, and innovation. If you have any trouble you can also contact URAC at (202) 216- 9010. "Quality policies and procedures are paramount as the price and complexity of medications rise. "URAC accreditation shows that Elixir is a pharmacy benefit management organization able to adhere to standards that cover important aspects of care such as claims processing, developing proper drug formulary, and consumer access," said URAC President and CEO Shawn Griffin, M.D. About URAC Founded in 1990, URAC is the independent leader in promoting healthcare quality through leadership, accreditation, measurement and innovation. But when I ask people in a URAC-accredited organization why they chose URAC instead of NCQA, over and over and over again they indicate that URAC is much easier. Genex and URAC. The eLearning format saves … The MarketWatch News Department was not involved in the creation of this content. 300 Irvine, California 92614 About URAC Founded in 1990, URAC is the independent leader in promoting healthcare quality through leadership, accreditation, measurement and innovation. To help health care management companies achieve accreditation, URAC, the leading health care accreditation and education organization, today announced the expansion of its eLearning educational program. URAC is the independent leader in promoting healthcare quality through accreditation, certification and measurement. Health Net Federal Services has continuously held URAC’s Health Network Accreditation since 2005. Learn. Box 358, Roseville, CA 95661. Intermed Cost Containment Services P.O. and accreditation, certification, and recognition programs. Write. Founded under the name Utilization Review Accreditation Commission in 1990, the name "was shortened to the acronym URAC in 1996 when it began accrediting other types of organizations such as health plans, pharmacies, and provider organizations". “The 2017 figure is almost double what it was in 2015.” He adds that pharmacy locations … If you have not received a copy of the Specialty Pharmacy Accreditation manual/guide, it can be accessed online by signing onto your URAC account at www.URAC.org. Come grow with us. Accreditation Status: Full Accreditation Expiration Date: 06/01/2022 Program: Workers' … Company. URAC uses evidence-based Test. 1) Review the policies and procedures to confirm that we are accurately following the standard regulations. The new offering joins the already-existing Small Specialty Pharmacy Offering, which URAC successfully launched in 2019. 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