MOORESTOWN, N.J., Aug. 30, 2021 /PRNewswire/ -- CareVention
HealthCare, a division of Tabula Rasa HealthCare, Inc.® (TRHC)
(NASDAQ: TRHC), today announced a new shared partnership
agreement with the PACE Association of Michigan (PAM). The agreement, effective
August 1, 2021, will help expand and
promote the use of CareVention HealthCare products and services to
association members to help support improved operational
efficiencies and optimized clinical and economic outcomes.
CareVention HealthCare, a division of TRHC, announces new shared
partnership agreement with PACE Association of Michigan
PACE, the Program of All-Inclusive Care for the Elderly, is a
Centers for Medicare and Medicaid Services (CMS) initiative aimed
at enabling older adults who have been deemed nursing home eligible
to remain in their homes as they age. Under the agreement, PAM will
recognize CareVention HealthCare as the association's preferred
provider of services, including MedWise® medication safety
management and customized pharmacy services by CareKinesis. There
are 14 independent PACE organizations serving more than 4,000
participants in Michigan.
Nationwide, 140 PACE programs serve 56,000 participants across 30
states.
"We're thrilled to partner with the PACE Association of
Michigan," said TRHC Co-Founder
and President, Orsula V. Knowlton,
PharmD, MBA. "Our CareVention HealthCare Division and its service
lines have supported PAM members to improve performance through
operational efficiencies and outcomes. We have been an association
partner through membership and sponsorships since the inception of
the association. This agreement takes our partnership to a higher
level and will benefit both organizations, PAM membership, and
their participants."
"CareVention HealthCare and its service lines have outstanding
reputations in the PACE community," said Stephanie Winslow, Executive Director of PAM.
"CareKinesis and its PACE-specific pharmacy services should be of
particular interest to our members. CareKinesis MedWise Safe Use of
Medication offering has been shown to identify participants at risk
for adverse drug events and premature mortality, improving clinical
outcomes and saving PACE organizations millions of dollars in
medical costs. This agreement will bring these advanced,
PACE-proven services to more of our plans while supporting our
association and enabling PAM to expand programming and advocacy
efforts."
In addition to medication management and pharmacy, CareVention
HealthCare offers third party administration, risk adjustment
services, electronic health records (EHR)/integrated technology
solutions, and PACE consulting. Pharmacy benefit services are
offered in collaboration with Pharmastar, a TRHC subsidiary and
CareVention HealthCare service partner. In Michigan, 100% of PACE organizations already
partner with CareVention HealthCare for at least one
service.
About CareVention HealthCare
CareVention HealthCare offers comprehensive, integrated solutions
and services for value-based care organizations, including those at
any 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.
CareVention HealthCare service lines include CareKinesis PACE
Pharmacy, Capstone Risk Adjustment Services, PeakTPA, CareVention
EHR/Integrated Technology Solutions, and CareVention Consulting.
Pharmacy benefit solutions are provided by Pharmastar, a
CareVention HealthCare service partner. For more information, visit
CareVentionHC.com.
About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) (NASDAQ: 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.
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SOURCE Tabula Rasa HealthCare, Inc.