SureScripts and RxHub have become one electronic-prescribing network in a cashless, equal partnership merger that closed June 30, the organizations announced.
The merged network will provide a seamless flow of drug information from the point of a care to a patients pharmacy, chief executive officers of the two privately held companies said. St. Paul, Minn.-based RxHub was founded by CVS Caremark Corp., Express Scripts and Medco Health Solutions to deliver drug-benefit information to providers at the point of care. Alexandria, Va.-based SureScripts was established by the National Association of Chain Drug Stores and the National Community Pharmacists Association to transmit e-prescriptions from doctors to pharmacies.
The collaborative effort is the next step toward moving the healthcare industry from a paper-based to paperless system, the executives said. Were bringing together two halves of the same whole, said J.P. Little, RxHubs acting CEO.
The merged companydubbed SureScripts-RxHub while it undergoes a rebranding effortwill be led equally by the two divisions. Both Little and SureScripts' acting CEO, Rick Ratliff, will serve jointly in the executive spot as they conduct a national CEO search, and both organizations will name three board members each. The merger is a 50/50 partnership, with both companies contributing resources to the new organization, Ratliff said. He estimated the new drug-data network will handle 100 million e-prescription transactions and will respond to 70 million physician requests for patients drug benefits and medication history information by the end of 2008. -- Jean DerGurahian