CoverMyMeds has processed 5 million prior authorizations

COLUMBUS, Ohio — Prior-authorization software company CoverMyMeds reached a milestone Tuesday as the 5 millionth PA request was sent through its system.

CoverMyMeds said the announcement came a day after the National Council for Prescription Drug Programs published the first e-prescribing standard to include the electronic PA implementation guide. CoverMyMeds has worked with the industry to develop the standard and said it was the first provider software vendor to use the standard at scale.

"Four major health plans and PBMs are working with us to make real-time electronic prior authorization possible for their patients," CoverMyMeds co-founder Matt Scantland said. "We expect that most major PBMs and health plans will be transacting electronically with CoverMyMeds within the year."

CoverMyMeds' network includes nearly two-thirds of all retail pharmacies and more than 100,000 prescribers and their staff. "This milestone means that nearly 5 million people got established on the drugs they need to stay healthy or to treat a chronic condition," Scantland said.