MOORESTOWN, N.J., June 14, 2021 /PRNewswire/ -- Tabula Rasa
HealthCare, Inc.® (TRHC) (NASDAQ: TRHC), a leading healthcare
technology company advancing the safe use of medications, today
announced record organic growth in CareKinesis pharmacy services
for Program of All-Inclusive Care for the Elderly (PACE).
June 2021 represented the best
month in company history for PACE new enrollment with organic
growth of 7% compared to a year ago for CareKinesis pharmacy
services. TRHC has continued to see its PACE enrollment accelerate
throughout the first half of 2021, with Q2 marking a record for net
enrollment, which was approximately ten times higher than Q1 of
this year.
In addition to the federal legislation recently passed and
proposed focused on home and community-based services that will
likely have a positive impact on the PACE program, states like
California and Florida are also taking legislative action to
increase access to PACE. For the 2021 fiscal year, the Florida
General Appropriations Act (GAA) has provided funding in excess of
$73 million to support up to
approximately 3,400 PACE participants which represents a 50%
increase over the current enrollment in the state.
About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) provides medication safety solutions
that empower healthcare professionals and consumers to optimize
medication regimens, combatting medication overload and reducing
adverse drug events – the fourth leading cause of death in the US.
TRHC's proprietary technology solutions, including EireneRx® and
MedWise®, improve patient outcomes, reduce hospitalizations, and
lower healthcare costs. TRHC's extensive clinical tele-pharmacy
network improves care for patients nationwide. Its solutions are
trusted by health plans and pharmacies to help drive value-based
care. 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 to download
multimedia:http://www.prnewswire.com/news-releases/tabula-rasa-healthcare-reports-continued-pace-momentum-301311290.html
SOURCE Tabula Rasa HealthCare, Inc.