Rite Aid Receives URAC Accreditation in Specialty Pharmacy

CAMP HILL, Pa. (April 8, 2014) – Rite Aid Corporation (NYSE:RAD) announced today it has been awarded Specialty Pharmacy accreditation from URAC, a Washington, D.C.-based health care accreditation organization that establishes quality standards for the health care industry.

“We are very proud to have received full accreditation as a specialty pharmacy provider from URAC,” said Robert Thompson, Rite Aid executive vice president of pharmacy. “Every day, Rite Aid pharmacists are committed to providing all of our patients, especially those receiving specialty pharmacy treatments, with the best care possible. This designation from URAC recognizes our efforts and is great achievement for our Specialty Pharmacy team.”

With FDA approval of more and more complex medication therapies, Rite Aid believes it is critical to have the processes in place to support these therapies and the clinical care programs to promote positive outcomes for patients. Rite Aid Specialty Pharmacy achieves this through individualized patient care plans, disease and drug education and ongoing adherence management.

“By applying for and receiving URAC accreditation, Rite Aid has demonstrated a commitment to quality healthcare,” said URAC President and CEO Kylanne Green. “In today’s healthcare market, URAC accreditation provides a mark of distinction and we applaud Rite Aid for meeting strict quality standards and achieving URAC Specialty Pharmacy accreditation.”

URAC, an independent, nonprofit organization, is a well-known leader in promoting healthcare quality through its accreditation, education and measurement programs. URAC offers a wide range of quality benchmarking programs and services that model the rapid changes in the healthcare system and provide a symbol of excellence for organizations to validate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC ensures that all stakeholders are represented in establishing meaningful quality measures for the entire healthcare industry. For more information, visit www.urac.org.

Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2013 annual revenues of $25.4 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

SOURCE: Rite Aid