MILWAUKEE, WI (Aug. 30, 2011) — Restat, the nation’s largest privately held pharmacy benefits manager (PBM), has achieved the highest level of certification in the HR Policy Association’s standards of business transparency.

Restat was one of only four PBMs to have agreed to the Association’s Transparency in Pharmaceutical Purchasing Solutions (TIPPS) standards. The standards promote contracting that makes it easier for employers, their beneficiaries and dependents to understand the true price of a drug. These standards are designed to ensure that pharmacy benefit services are structured to encourage the use of the most clinically appropriate and cost-effective drugs available.

In 2011, the association began recognizing two levels of transparency. The highest level of transparency for PBMs is for those that agree to a set of comprehensive requirements for disclosure of supply costs and revenue sources and are willing to provide actual average inventory cost (AAIC) for mail order drugs. AAIC provides the most accurate picture of the true cost of a drug available today.

Restat President Mark Helvick said: “Restat is proud to have been certified for the sixth consecutive year by the HRPA. It is a testament to our innovative  Align business model that we received the highest level of certification. As the industry’s lowest net cost provider, our clients ultimately are the winners. We

look forward to furthering our partnership with the HRPA and continuing our leadership in reducing the cost and complexity of prescription benefits.”

Walter M. Oliver, Senior Vice President, Human Resources and Administration at General Dynamics Corporation, and Chairman of HR Policy Association’s Pharmaceutical Coalition said, “The TIPPS program offers a great service to employers looking to increase transparency and provide greater understanding around the pricing of health benefits to their employees.”

ABOUT RESTAT:  A member of the Dohmen family of companies,  Restat simplifies the purchase and use of healthcare services through independent health benefits management. As the largest independent PBM, Restat has no ownership ties to drug manufacturers or distribution channels, making it uniquely positioned to provide customers with unbiased benefit management solutions. Today, more than 4,200 companies, ranging in size from the Fortune 50 to small managed care organizations rely on Restat to manage the prescription benefit for more than12.2 million people nationwide. To learn more, visit www.restat.com or call 800.926.5858.