MOORESTOWN, N.J., April 30, 2018 (GLOBE NEWSWIRE) -- CareKinesis, a subsidiary of Tabula Rasa HealthCare (NASDAQ:TRHC), a healthcare technology company advancing the field of medication safety, recently signed an agreement with SpiriTrust Lutheran LIFE (Living Independence for the Elderly) to provide personalized medication safety, proprietary technology, and pharmacy adherence packaging that uses science to predict and avoid multi-drug interactions for SpiriTrust’s participants.
LIFE is a Medicare and Medicaid program known in many states as PACE, Program of All-inclusive Care for the Elderly. The goal of PACE is to ‘help older adults live in the community as independently as possible for as long as possible.’1 PACE participants report, relative to a comparison group, that they have better self-rated health status; better preventive care; fewer unmet needs; less pain interfering with normal daily functioning; less likely to be depressed; and better management of health overall.2 An economic analysis of PACE indicated that for every 100 participants served by PACE, the state evaluating the data saved $103,587 per month, or $1.23 million per year.3
SpiriTrust Lutheran currently has LIFE Centers located in Chambersburg and Enola, Pennsylvania, serving qualified seniors in Cumberland County, Perry Country and Franklin County.
“We are pleased to be chosen by SpiriTrust Lutheran LIFE to be its medication safety and pharmacy services partner,” said Orsula V. Knowlton, PharmD, and President of TRHC. “Together, we look forward to collaborating toward medication safety, using our proprietary, scientific approach to reducing medication-related risk and improving participant outcomes for SpiriTrust participants.”
LIFE/PACE organizations nationwide rely on TRHC’s technology, science, and pharmacists who are board certified in geriatrics to predict preventable adverse drug events and reduce emergency department visits, hospitalizations, and hospital readmissions.
“I can tell you that our clinicians and providers are happy,” said SpiriTrust Director Nina DelGrande, BSN, MHA, NE-BC, when asked how the partnership was working. “They report having less steps in the process allowing less room for error. The quality enhancements we are getting are extremely helpful. Our Quality Committee was impressed with the data already in the first month. It is nice to see a report that is both comprehensive and easy to understand.”
TRHC and SpiriTrust launched their partnership March 12, 2018.
About Tabula Rasa HealthCare
Tabula Rasa HealthCare (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens 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: www.TRHC.com.
