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CoverMyMeds' software automates the prior authorization process used by some health insurance companies in the United States, helping to save time and eliminate paperwork. [4] Traditionally, prior authorization required phone calls and faxes between multiple parties; CoverMyMeds circumvents this by automating the process.
After a request comes in from a qualified provider, the request will go through the prior authorization process. The process to obtain prior authorization varies from insurer to insurer but typically involves the completion and faxing of a prior authorization form; according to a 2018 report, 88% are either partially or entirely manual. [5]
CoverMyMeds is a medication access company committed to helping people get the medicine they need to live healthier lives. The company was founded in 2008 and is headquartered in Columbus, Ohio . Since 2017, it’s operated as a wholly owned subsidiary of McKesson Corporation . [ 1 ]
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