The Mississippi State Medical Association (MSMA) has reached an agreement with Standard Register (NYSE: SR) to make available to its members tamper-resistant prescription pads that will meet both federal and state security prescription requirements. Under the terms of the agreement, MSMA members will receive a discount on their prescription pads and paper from the Dayton-based company, which is the nation’s leading provider of secure prescription solutions.
With annual prescription fraud losses estimated at $5 billion, the U.S. Congress last year enacted legislation requiring that all outpatient Medicaid prescriptions be written on tamper-resistant pads. The Centers for Medicare and Medicaid Services (CMS) is taking a two-phase approach to implementation—one security feature is required on prescription pads by April 1, 2008, and three security features are required by October 1, 2008.
“Standard Register was the logical choice for secure prescription pads. Its ScripPlus® prescription program exceeds requirements for both phases of the CMS guidelines,” said MSMA President Dr. Dwalia South. “Moreover, the pads already have proven their effectiveness in fighting fraud in a number of states.”
The most widely published success has been in the state of New York where Standard Register is exclusive provider of secure prescription pads. In a presentation at the National Association for Medicaid Program Integrity Conference in August 2007, the state reported it had eliminated over $60 million in fraud losses within six months of deploying its secure prescription program.
Standard Register’s proprietary ScripPlus prescription pads integrate multiple security technologies. They combine heat-sensitive inks, micro-printing and unique background patterns, artificial watermarks, chemical-sensitive coatings, warning bands and consecutive numbers to create a scrip pad that is highly effective in deterring criminals from modifying, copying and counterfeiting prescriptions.
MSMA members can secure an order form for ScripPlus prescription pads at www.msmaonline.com or at Standard Register’s prescription Web site (www.securescrip.com) which also offers a robust resource center with useful information about federal regulatory requirements, the nature of prescription fraud and steps the medical community can take to deter fraud.
ABOUT THE MISSISSIPPI STATE MEDICAL ASSOCIATION
The Mississippi State Medical Association (MSMA) is a physician organization serving as an advocate for its members, their patients and the public health. The association promotes ethical, educational and clinical standards for the medical profession and the enactment of just medical laws. Founded in 1856, the Mississippi State Medical Association provides a way for members of the medical profession to unite and act on matters affecting public health and the practice of medicine. More information is available at www.msmaonline.com
ABOUT STANDARD REGISTER
Standard Register is a premier document services provider, trusted by healthcare, business and government to manage the critical documents they need to thrive in today's competitive climate. Employing nearly a century of industry expertise, Lean Six Sigma methodologies and leading technologies, the company helps organizations mitigate risks, increase efficiency, reduce costs, grow revenue and meet the challenges of a changing business landscape. In addition to providing secure prescription solutions, it offers document and label solutions, technology solutions, consulting services and print supply chain services to help clients manage documents across their enterprises. More information is available at www.standardregister.com.
Standard Register
News media contact:
Christine Winters,
937-221-1804
christine.winters@standardregister.com
or
Investor
contact:
Robert J. Cestelli, 937-221-1304
robert.cestelli@standardregister.com
OR
Mississippi
State Medical Association
Susie Pettit, 601-853-6733
800-898-0251