Thursday, July 2, 2009

Dallas-based ACS acquires Pharm/DUR

By Pegasus News wire

DALLAS — Affiliated Computer Services, Inc. today announced it has acquired Pharm/DUR Inc. to expand its pharmacy auditing and verification services. The firm hopes that this acquisition will position ACS as a leader in the pharmacy audit market.

Photo not provided by ACS

"I'm pretty sure these aren't the Flintstones vitamins I ordered"

Pharmacy audit and verification services are essential in ensuring that both private and public health plan dollars are spent appropriately on patient care by identifying and recovering overpayments, detecting and stopping fraudulent activities, and educating providers.

“This acquisition solidifies ACS’ leadership position in the pharmacy audit market, and will make the combined operation more competitive as we adopt Pharm/DUR’s auditing tools and leverage its nationwide distributed auditor network,” said Christopher T. Deelsnyder, senior vice president and managing director of ACS Government Healthcare Solutions. “The veteran management team and talented employees of Pharm/DUR will continue to provide high quality service to its customers.”

Pharm/DUR was founded in 1992 by Anthony Spay and Ron Nighswander and has become one of the nation’s largest independent pharmacy audit firms. Pharm/DUR’s services are designed to cost-effectively identify waste, abuse and fraud in Pharmacy Benefit Management programs. Its proprietary application AUDITrack utilizes paid claims data and specifically developed algorithms to identify potential errors for review.

“The client-focused cultures at Pharm/DUR and ACS will ensure a smooth transition for all of our employees and clients,” said Anthony Spay, CEO of Pharm/DUR. “Also, Pharm/DUR’s clients will benefit from ACS’ diverse healthcare management offerings that can further reduce their operating costs.”

Pharm/DUR’s revenue for the twelve months ending April 2009 was approximately $6 million.

ACS entered the pharmacy audit business in 2004 with its acquisition of Heritage Information Systems.

Source: ACS

See more stories in:

• Health Care > Pharmaceuticals
• Technology