CREVE COEUR, Mo.--(BUSINESS WIRE)--Today United Compounding Management (“UCM”) announced a new name, Focus Script, LLC (“Focus Script”). The new name captures an expanded mission in response to customer demand for specialized claims management and network services. These services will build upon the Company’s success of bringing together payers and pharmacies to introduce business practice guidelines and rational pricing, while improving quality and raising detection of potential fraud, waste and abuse.
Focus Script also announced today a new ownership structure. The Company is now wholly-owned by the Company’s management team and colleagues.
“With the recent successful implementation of our new management-led ownership structure, and the growing momentum behind our business as we strive to meet the evolving needs of the industry, we felt the time was right to make this change,” said Cynthia Meiners, CEO, Focus Script. “We are excited to enter this next phase of our company’s growth as we continue to deliver value to payers and pharmacies who focus on the shared goal of bringing safe and effective medications to patients.”
Since launching in July 2014, Focus Script has remained dedicated to aligning the right people, values and technology needed to organize and oversee the delivery of quality standards, rational pricing and reasonable business practices to small but significant pharmacy markets such as compounding. The Company provides access to a network of more than 200 pharmacies that provide specialized and compounded medications, and has steadily added payer clients since its launch.
Through an exclusive partnership with the National Association of Boards of Pharmacy (“NABP”), compounding pharmacies in the Focus Script network are assessed through the United Credentialing and Accreditation Program (“UCAP”). Using NABP’s Verified Pharmacy Program (“VPP”) as its foundation, the UCAP program includes a rigorous review of business and quality practices, attestation to a code of conduct, and compounding specific requirements.
“Focus Script’s combination of partners, technology, and expertise has delivered an effective model for managing claims which historically have had a disproportionately negative impact on the market. Our independent and unbiased approach has delivered value to all of our stakeholders. We are pleased that through our network of credentialed and accredited pharmacies dedicated to competing on quality, the results for our clients have included reduced ingredient and administrative costs and more efficient audit and compliance management,” Rob Noel, SVP, Chief Growth Officer, Focus Script. “We have been asked to expand our model, and look forward to bringing additional services and benefits to our clients and pharmacies.”
Today’s name change is effective immediately, with no impact on Focus Script’s operations. Payers and pharmacies working with Focus Script will experience no service interruption or related impact.
About Focus Script
Founded in 2014, Focus Script, LLC is an independent specialized claims management company comprised of business and pharmacy practice professionals with broad managed care and deep clinical expertise. Focus Script entered the marketplace to assist payers and pharmacies in serving patients by applying proven techniques and proprietary technology, which provide solutions to making specialized pharmaceuticals affordable and accessible.
For more information, visit www.focusscript.com.