ST. LOUIS and MOORESTOWN, N.J., July 11, 2018 (GLOBE NEWSWIRE) -- Capstone Performance Systems, a Tabula Rasa HealthCare (NASDAQ:TRHC) Company announced today the closure on new contracts with six PACE organizations (Programs of All-inclusive Care of the Elderly).

Capstone Performance Systems provides Medicare risk adjustment and health plan management services to PACE and similar value-based healthcare organizations. Its Peak Health Plan Management Services division performs back-office functions for PACE organizations, including Third Party Administration (TPA) to manage claims from healthcare organizations.

PACE is a federal program benefiting individuals 55 and older who are nursing home eligible. PACE includes 240 centers in 31 states serving a growing number of eligible Medicare and Medicaid participants. The goal of the program is to keep participants living in their own homes while receiving quality care.

With the addition of these new clients, Peak Health Plan Management Services will begin immediately serving an additional 1600 PACE participants. Three of the six new clients are startups, and will begin operations later this year and in January 2019.

“We are pleased to welcome these new PACE clients and eager to assist them using our expertise in health plan management services,” said TRHC Executive Vice President Kim Browning, CHC, PMP, who oversees Capstone Performance Systems.

About Capstone Performance Systems
Capstone Performance Systems specializes in helping healthcare organizations adjust processes and systems to capture timely, complete and accurate data. Expert staff deliver training in documentation and diagnosis coding; analyze data collection and submission processes; and deliver meaningful analytics for understanding the complexities of Medicare risk adjustment. Its Peak Health Plan Management Services line performs back-office functions for PACE organizations, including acting as a Third Party Administrator (TPA) to manage claims from healthcare providers. Capstone is a Tabula Rasa HealthCare company. For more information, visit www.capstoneperformancesystems.com.

About Tabula Rasa HealthCare

TRHC (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. TRHC provides solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com. Follow us on Twitter @TabulaRasaHC for up-to-date information.