MOORESTOWN, N.J., Oct. 22, 2018 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare, Inc. (TRHC) (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, today announced the launch of CareVention HealthCare, a comprehensive technology and consulting services division. CareVention, which represents the idea of care innovation and intervention to optimize health outcomes, aims to improve the integration of TRHC’s subsidiary brands and industry-proven technology products for an enhanced client experience.
“We see an opportunity to deliver a more robust portfolio of innovative technology solutions and consulting services to clients,” said TRHC Chairman and CEO, Calvin H. Knowlton, Ph.D. “CareVention HealthCare will allow our brands to work more efficiently, so we can focus on the business of helping healthcare organizations continue to have meaningful impacts on patients for all types of healthcare clients including the Program of All-inclusive Care for the Elderly (PACE).”
Within the CareVention HealthCare brand are two units: Technology Solutions and Consulting Services. CareVention Technology includes TRHC’s software programming solutions, along with TRHC’s signature Medication Risk Mitigation Matrix™ (MRM), which identifies patients’ risk for multi-drug interactions before they occur, helping physicians make safer prescribing choices and take a more personalized approach. CareVention Consulting offers services to financially at-risk healthcare organizations to support growth and optimize the care they provide to their participants. CareVention Consulting is offered through TRHC subsidiaries SinfoniaRx and Capstone Performance Systems.
The launch of CareVention HealthCare is part of TRHC’s overarching plan to more strategically align its subsidiary brands and technologies for the benefit of its clients and to position itself for new value-based care collaborations. In addition to PACE, CareVention HealthCare will provide solutions for payers, providers and other healthcare organizations. Together, CareVention HealthCare and CareKinesis, TRHC’s pharmacy products and services division, will serve as the company’s two brand divisions.
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 patient outcomes, lower healthcare costs, and improve organizational performance. TRHC provides solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com.
