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Tabula Rasa HealthCare’s CareKinesis Division to Provide Medication Risk Management and Pharmacy Services for Rocky Mountain PACE
MOORESTOWN, N.J. and COLORADO SPRINGS, Colo., Aug. 30, 2018 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, President and Chief Marketing and Business Development Officer, Orsula V. Knowlton, PharmD, MBA announced that TRHC subsidiary CareKinesis has been selected to provide its comprehensive PACE medication risk management services to Rocky Mountain PACE, a program of Rocky Mountain Health Care Services (RMHCS). Service implementation is scheduled to begin in late October of this year.
PACE is the federal Program for All-Inclusive Care of the Elderly, a Medicare and Medicaid benefit for individuals 55 and older who are nursing home eligible. The goal of the program is to keep participants living in their own homes while receiving quality care.
“Rocky Mountain is the only PACE program in El Paso County,” said Dr. David Richman, Chief Medical Officer. “PACE is considered the gold standard of care for seniors because of the comprehensive, integrated services we provide. With the addition of personalized medication safety technology and services, comprehensive pharmacy, proprietary risk stratification data analysis and integrated systems offered by CareKinesis, we will be able to help our seniors maintain the highest level of independent living.”
At Rocky Mountain PACE, seniors receive medical and support services to empower them to live as independently as possible in their own home or living community. Services include physical, social and emotional health care as well as transportation and support services that help them access care, all with the goal of keeping participants independent and healthy as long as possible.
“We are proud to partner with Rocky Mountain PACE and to provide its more than 600 participants with the latest, proven innovations in medication risk management,” stated TRHC President Orsula V. Knowlton, PharmD. “Our services, in collaboration with the PACE Team, help reduce the risk of adverse drug events, enhance quality, and lower health costs, which are admirable goals of Rocky Mountain PACE.”
PACE organizations nationwide rely on CareKinesis technology, science, and pharmacists who are board certified in geriatrics to improve medication safety, adherence and reduce participant hospitalizations.
About Rocky Mountain Health Care Services
The mission at Rocky Mountain Health Care Services is to improve lives, optimize wellness, and promote independence. The nonprofit organization of over 40 years delivers exceptional care to enrich the lives of their participants and empowers them to live vibrant, independent lives. RMHCS works towards this goal through programs designed to meet the specific needs of individuals. Rocky Mountain Health Care Services serves more 900 participants in El Paso County, Colorado each year. RMHCS is the parent company of Rocky Mountain PACE (Program of All-Inclusive Care for the Elderly) and BrainCare. For more information, please visit www.rmhcare.org.
CareKinesis partners with healthcare organizations to provide personalized medication therapy management and pharmacy services for high-risk populations. The results are enhanced medication-related outcomes and greater operational efficiency. CareKinesis delivers individually customized medicine using unique robotic technology and a proprietary web-based electronic medication management and reporting platform, EireneRx™. It is the first, national PACE-specific pharmacy and the market leader. For more information, please visit www.carekinesis.com.
About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. Medication risk management is TRHC’s lead offering, and its cloud-based software applications, including EireneRx® and MedWise Advisor®, provide solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com. Follow us on Twitter @TabulaRasaHC for up-to-date information.
This press release includes forward-looking statements that we believe to be reasonable as of today’s date including statements regarding risk stratification under the new scope of work. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC, including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 14, 2017, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website http://ir.trhc.com or upon request from our Investor Relations Department. Any forward-looking statement speaks only as of the date on which it was made. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.
Bob East or Asher Dewhurst