MOORESTOWN, N.J., March 24, 2021 /PRNewswire/
-- CareKinesis, a service line within the CareVention
HealthCare Division of Tabula Rasa HealthCare (NASDAQ:TRHC), a
technology company advancing safe use of medication, is celebrating
its ten-year anniversary of partnering with federal Programs of
All-Inclusive Care for the Elderly (PACE), known in some states as
Living Independently for the Elderly (LIFE). CareKinesis is the
first national PACE-centric, medication management and distribution
pharmacy that focuses on reducing medication-related risk while
enhancing economic, clinical, and humanistic outcomes.
CareKinesis is the first national PACE-centric, medication
management and distribution pharmacy focusing on risk.
Founded in 2009 by TRHC Chairman and CEO, Calvin H. Knowlton, PhD, and President
Orsula V. Knowlton, PharmD,
CareKinesis in 2011 initiated service to its first PACE clients,
LIFE St. Francis and Trinity Health LIFE (formerly LIFE at Lourdes)
in New Jersey. This early
relationship has led to a national partnership with Trinity Health
PACE at 20 centers in nine states.
The year-long anniversary celebration will highlight
CareKinesis' history with these and other clients and will include
activities aligned with Patient Safety Awareness Week in March to a
special event coinciding with the National PACE Association's (NPA)
annual conference in October.
"While much has changed over the last ten years, our steadfast
commitment to our PACE partners grows stronger every day," said Dr.
Calvin Knowlton. "LIFE St.
Francis and Trinity Health LIFE are excellent examples of
extraordinary care for our most vulnerable citizens. PACE
focuses on outcomes and aligned incentives, which makes PACE an
ideal setting for our innovative approaches to patient care."
Dr. Orsula Knowlton stated, "Our
early partnership with these two vanguard organizations helped us
refine our service model, advance numerous unique offerings, and
support the seamless collaborative workflow that meets the
ever-changing needs of PACE. Our relationships with LIFE St.
Francis and Trinity Health LIFE have significantly impacted our
advancement and, for that, we are deeply grateful."
Lisa Zavorski, Executive Director
of LIFE St. Francis, is pleased with her organization's long-term
partnership with CareKinesis. "CareKinesis always has been an
innovative and professional organization," she said. "Unlike a lot
of pharmacies, they have developed a focus on PACE. They have
always been invested in providing the highest quality services to
our PACE program." As a subsidiary corporation of St. Francis
Medical Center and the first PACE center in the state of
New Jersey, LIFE St. Francis
provides medical and social services, transportation, and more to
295 participants in Mercer County
and parts of northern Burlington
County.
Life St. Francis' Medical Director Rachel Liebman, DO, appreciates CareKinesis'
continuous support. "The collaboration has been the most impressive
aspect of the relationship for me. From our account manager to
clinical pharmacists, our questions are answered."
Trinity Health LIFE also is celebrating a decade-long
partnership with CareKinesis. Trinity Health LIFE provides health,
wellness, personal care, nutritional, and therapeutic services to
over 200 seniors in Camden County.
Sister Marge Sullivan, Executive
Director, is "extremely satisfied with the partnership." Sister
Marge explained, "The relationship with CareKinesis always has been
personal, and they work hard to keep it that way. There is a sense
that CareKinesis is continuously doing one more thing to try to
improve the care."
In addition to celebrating ten years of excellence with
CareKinesis, THRC recently announced an all-time high for the
company's monthly PACE census enrollment in March 2021 for medication risk management and
pharmacy fulfillment services.
At the end of 2020, nearly 45,000 (eight out of ten) PACE
participants across the country were utilizing at least one of
TRHC's five core services. Despite the significant challenges posed
by the pandemic, nationwide PACE enrollment has continued to grow
on a year-over-year basis according to CMS data, and PACE program
growth is poised to further accelerate in the years ahead. An
initiative launched by the National PACE Association, PACE 2.0,
aims to bring the model to more communities and populations by
providing support and plans for PACE organizations.
"TRHC remains focused on increasing the adoption of its
solutions across the 55,000 PACE participants enrolled at the end
of 2020, as well as preparing for the Program's continued growth,"
stated Dr. Orsula Knowlton.
About PACE
Living Independence for the Elderly (LIFE)
is a managed care program that provides a comprehensive,
all-inclusive package of medical and supportive services. The
program is known nationally as the Program of All-Inclusive Care
for the Elderly (PACE).
PACE organizations serve individuals who are age 55 or older,
certified by their state to need nursing home care, able to live
safely in the community at the time of enrollment, and live in a
PACE service area. If a PACE enrollee needs nursing home
care, the PACE program pays for it and continues to
coordinate the enrollee's care. There are 138 PACE
programs in 30 states serving 55,000 participants.
About Tabula Rasa HealthCare
Tabula Rasa HealthCare
(TRHC) provides medication safety solutions empowering pharmacists
and prescribers to optimize medication regimens and reduce
medication-related risk, specifically targeting adverse drug
events. Utilizing its proprietary medication decision science
technology, MedWise® TRHC improves patient outcomes, reduces
hospitalizations, and lowers healthcare costs. Additionally, TRHC
provides an extensive clinical telepharmacy network across the U.S.
Our solutions are trusted by health plans and pharmacies nationwide
to help drive value-based payment results. For more information,
visit TRHC.com.
Forward-Looking Statements
This press release includes forward-looking statements that we
believe to be reasonable as of today's date, including statements
regarding Medication Risk Mitigation technology. 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 February 26, 2021, 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 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.
View original
content:http://www.prnewswire.com/news-releases/trhcs-carekinesis-celebrates-10-years-serving-pace-market-301254624.html
SOURCE Tabula Rasa HealthCare, Inc.