TRHC TABULA RASA HEALTHCARE

TRHC’s MedWise Risk Score™ Reduces the Odds of Adverse Drug Events, Keeping Patients Safer

TRHC’s MedWise Risk Score™ Reduces the Odds of Adverse Drug Events, Keeping Patients Safer

Article published in peer-reviewed Pharmacy showcases the power of TRHC’s multi-drug medication decision support tool

MOORESTOWN, N.J., May 27, 2020 (GLOBE NEWSWIRE) -- , a healthcare  technology company advancing the field of medication safety, announces the journal Pharmacy has published its research article ”.

The research article is a 12-month analysis of medical claims data of 1,965 Program of All Inclusive Care for the Elderly (PACE ) participants by  to determine their  TRHC’s MedWise Risk Score™ helps identify those at highest risk for Adverse Drug Events (ADEs),  requiring immediate medication management attention.  Adverse Drug Events, if it were a disease, would be the third leading cause of death in the United States.

The study concludes that a significant positive correlation exists between the MRS and various outcomes, including emergency department  visits, all-cause hospital admissions, and hospital length of stay.  Each point increase in the MRS corresponds to $1,037 in additional annual medical spend, three additional emergency department visits per 100 participants per year, and two additional hospitalizations per 100 participants per year.

"I cannot imagine caring for frail elderly patients any longer without having access to this information,” said David Wensel DO, FAAHPM, HMDC, Chief Medical Officer at Midland Care, a Kansas PACE organization. “It has changed the way I prescribe medications and will soon be the standard of care for anyone caring for frail patients who take multiple medications. Using the MRS with the help of our clinical pharmacist, who is a valuable member of our interdisciplinary team, has certainly saved the lives of many of our patients." 

“A majority of Adverse Drug Events are preventable,” states TRHC Chairman and CEO Calvin H. Knowlton, PhD. “A clinical decision tool that analyzes simultaneous, multi-drug risk for ADEs demonstrably enhances economical, clinical and humanistic outcomes - including saving lives. Our MedWise Risk Score gives pharmacists and physicians a critical assessment tool to identify and mitigate relevant medication risk, keeping patients safer and healthier.” 

In a 2018 study of PACE clinicians who use the MedWise Risk Score, 94% would recommend its use by pharmacists and physicians. In the same study, 84% believe that it helps them provide better care, in collaboration with their clinical pharmacist counterparts.

TRHC’s Medical Director Ankur Patel, MD, offered, “As a previous PACE Medical Director, I used the MedWise Risk Score regularly to inform the care I provided to my patients. Additionally, the MRS empowered me to practice proactive care versus reactive care and served as a guide in making clinical decisions about patients with polypharmacy to prevent adverse drug events.”

TRHC Chief Scientific Officer Jacques Turgeon,  PhD adds, “Our team of researchers and scientists are continuously innovating and validating our medication safety tools. This study is just one example of how our technology and science produce actionable information that pharmacists can easily use to reduce the risk of Adverse Drug Events.”

About Tabula Rasa HealthCare

Tabula Rasa HealthCare (TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize performance to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. Medication risk management is TRHC’s lead offering, and its cloud-based software applications provide solutions for a range of payers, providers and other healthcare organizations. For more information, visit .

Forward-Looking Statement

This press release includes forward-looking statements that we believe to be reasonable as of today’s date. 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. These forward-looking statements include, among other things, our goals and expectations regarding the combined company and the integration of PW into TRHC, the expected synergies from the combined company and the expected financial and operating performance of TRHC following the completion of the acquisition. 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 risk that we may not be able to achieve our expectations for the combined companies due to challenges in integration and inability to retain key employees; fluctuations in our financial results; the acceptance and use of our products and services by PACE organizations and pharmacies; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; our ability to maintain relationships with a specified drug wholesaler; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; the requirements of being a public company; our ability to recognize the expected benefits from acquisitions on a timely basis or at all; and the other risk factors set forth from time to time in our filings with the Securities and Exchange Commission (“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 or upon request from our Investor Relations Department. 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.

Media Contact

Amanda Bednar



T: (856) 912-5714

Investors

Frank Sparacino



T: (312) 451-2157
  
Dianne Semingson



T: (215) 870-0829
 
  

A photo accompanying this announcement is available at

EN
27/05/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TABULA RASA HEALTHCARE

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Daily Ratings Report: July 27, 2022

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Daily Ratings Report: July 25, 2022

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Tabula Rasa Healthcare Inc: 3 directors

A director at Tabula Rasa Healthcare Inc bought 2,000 shares at 5.630USD and the significance rating of the trade was 34/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch