MOORESTOWN, N.J., Aug. 3, 2021 /PRNewswire/ -- CareVention
HealthCare, a division of Tabula Rasa HealthCare (TRHC), today
announced the launch of its Remote Patient Monitoring (RPM)
service. Using biosensors and artificial intelligence (AI),
CareVention RPM provides continuous tracking of a patient's vital
signs and symptoms and alerts the patient's healthcare provider to
changes that warrant attention. CareVention HealthCare provides
comprehensive services and solutions to value-based healthcare
organizations, including Programs of All-inclusive Care for the
Elderly (PACE).
"Remote monitoring enables a provider to intervene quickly when
necessary and focus resources on the patients who need care the
most," said Calvin H. Knowlton, PhD,
Chairman and CEO of TRHC. "This can improve patient health and
safety and decrease unnecessary, costly utilization, such as ER
visits and hospital admissions."
CareVention HealthCare is partnering with Thaïs, a healthcare
technology company, to use its remote monitoring platform and
devices. Upon enrollment in CareVention RPM, an individual receives
a kit, including a monitoring device and biosensors, such as
thermometer, oximeter, and blood pressure machine. The biosensors
send readings to the monitoring device, which transmits the data to
a Thaïs monitoring center, staffed by trained clinicians. The
patient's provider is notified immediately if data indicate medical
intervention is needed, as determined in advance by the provider
for the individual patient.
"We have seen great results with CareVention Healthcare's Remote
Patient Monitoring," said Ivan Merkelj, MD, medical director at
Palm Beach PACE in Florida. "Our
participants are monitored for multiple diseases, including
hypertension, COPD (chronic obstructive pulmonary disease),
diabetes, and congestive heart failure. The alerts and algorithm
are geared towards PACE participants, so our providers get filtered
data that allow them to make actionable clinical decisions. The
providers like the biweekly reports, and our participants are more
engaged in managing their conditions."
In addition to performing real-time risk stratification based on
vital signs and symptoms, CareVention HealthCare's RPM filters data
to reduce alert fatigue among providers. Alert fatigue can occur in
healthcare environments when clinicians become desensitized to
system messages and alarms that may indicate problems with
patients.
"RPM is useful for continuous observation of patients with
COVID-19 or flu, or patients with symptoms of COVID or flu who need
to quarantine, have been discharged from the hospital or emergency
room, or have been seen by their provider for these symptoms," said
Ankur Patel, MD, MBA, Chief Medical
Director of TRHC, who oversees the RPM service. "RPM is also an
important tool in caring for patients with chronic conditions, such
as COPD, diabetes, hypertension and congestive heart failure."
For more information on CareVention HealthCare's RPM service,
visit CareVentionHC.com/RPM or contact Dr. Patel at
908-405-3779.
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 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.
About CareVention HealthCare
CareVention HealthCare offers comprehensive, integrated solutions
and services for value-based care organizations, including for
every stage of Programs of All-inclusive Care for the Elderly
(PACE), from exploring PACE at the state and organizational levels,
through start-up and ongoing operations. Integrated end-to-end
services assure regulatory compliance, participant health and
safety, efficient workflows and optimized financial management. For
more information, visit CareVentionHC.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 March 2, 2020, 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.
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SOURCE Tabula Rasa HealthCare, Inc.