MOORESTOWN, N.J. & NEW YORK--(BUSINESS WIRE)--EmblemHealth, New York’s leading health benefits and wellness company, and Tabula Rasa HealthCare, a family of companies devoted to leveraging technology to improve healthcare, announced the launch of a new Medication Therapy Management (MTM) pilot program.
Medicare’s Part D Medication Therapy Management Program (MTMP) requires Part D sponsors, such as EmblemHealth, to ensure optimal therapeutic outcomes for targeted beneficiaries through improved medication use. The pilot program, entitled MTM+, or MTM Plus, is a proof of concept for enhanced MTM interventions particularly focused on medication safety for the most frail, elderly beneficiaries.
“Adverse drug events are ubiquitous; they are the 5th leading cause of death in the country,” said Tabula Rasa HealthCare CEO Calvin H. Knowlton, BscPharm, MDiv, PhD. “Working with EmblemHealth, we are looking to improve the prescribing process, increase medication safety, and reduce adverse drug events and hospitalizations.”
CareVentions, a subsidiary of Tabula Rasa HealthCare, will train EmblemHealth’s MTM pharmacists on the use of MedWise Advisor™, a proprietary tool that plots an individual’s entire medication regimen against various extrinsic and intrinsic medication safety factors. MedWise Advisor provides the MTM pharmacists with a Medication Risk Mitigation Matrix™ that the pharmacists will use when making recommendations to EmblemHealth’s beneficiaries and prescribers.
Through its companies Group Health Incorporated (GHI) and HIP Health Plan of New York (HIP), EmblemHealth provides quality health care coverage and administrative services to approximately 3.4 million people. Groups and individuals choose from a variety of PPO, EPO and HMO plans, as well as coverage for prescription drugs, dental and vision care. EmblemHealth offers a choice of networks, including quality doctors and other health care professionals throughout the region, leading acute care hospitals across the tri-state area, and physicians and hospitals across all 50 states. www.emblemhealth.com.
About Tabula Rasa Healthcare
Tabula Rasa HealthCare (TRHC), through its companies CareKinesis™, CareVentions™, Capstone Performance Systems™, and Medliance ™, offers medication informatics, personalized medication management, and compliance/assurance to payers and providers to mitigate medication risk, lower costs and improve outcomes. TRHC is the market leader in PACE (Program of All-Inclusive Care for the Elderly) medication safety solutions, and provides pharmacy cost management technology to skilled nursing facilities throughout the country. www.tabulsrasahealthcare.com.