MOORESTOWN, NJ, July 27, 2022 /PRNewswire/ — Tabula Rasa HealthCare, Inc.® (TRHC) (NASDAQ: TRHC), a leading healthcare technology company advancing the safe use of medications, today announced a five-year contract renewal with Trinity Health PACE for TRHC’s CareKinesis® PACE Pharmacy services. Trinity Health PACE is the nation’s largest not-for-profit PACE provider with 14 owned and managed programs and has experienced significant growth over the past five years, nearly doubling its enrollment. It currently serves about 3,500 participants through 19 centers in nine states.
As Trinity Health PACE grows, it continues to rely on TRHC’s CareKinesis pharmacy solutions, which include personalized medication management services, cloud-based e-prescribing services and adherence packaging, among others. Together, pharmacy services work to reduce the risk of medication harm among PACE participants to improve health outcomes for participants and improve economic outcomes for PACE programs by streamlining participant care.
“TRHC’s PACE-focused services have provided us with the complete package when it comes to pharmacy solutions, which have not only been essential to our participants, but also to our growth,” said. Daniel Drake, President and CEO of Trinity Health PACE. “TRHC continually advances efficiency and effectiveness for PACE organizations by keeping on top of technology and trends impacting our programs, and we see tremendous value in expanding our long-standing relationship with Tabula Rasa.”
Trinity Health LIFE, a Trinity Health PACE program, was among TRHC’s first CareKinesis PACE clients in 2011. This early relationship opened the door to a national partnership with Trinity Health PACE. Trinity Health PACE is also a customer of TRHC’s Pharmastar PBM and CareVention Electronic Health Record solutions.
“With 24/7 support and a team that includes PharmDs who are board-certified in geriatric pharmacy, our PACE-focused services are designed to help PACE programs and their participants thrive, and this partnership speaks to the value of continuous of our services,” he said. Chairman of TRHC Orsula V. Knowlton, PharmD, MBA. “We have worked to meet the needs of Trinity Health PACE as it has grown, and we remain committed to furthering the partnership.”
About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) (NASDAQ: TRHC ) provides medication safety solutions that empower healthcare professionals and consumers to optimize medication regimens, combating medication overuse and reducing adverse drug events – the fourth leading cause of death in USA. TRHC’s proprietary technology solutions, including MedWise®, improve patient outcomes, reduce hospitalizations and lower healthcare costs. TRHC’s extensive clinical telepharmacy network improves patient care nationwide. Its solutions are trusted by health plans and pharmacies to help drive value-based care. For more information, visit TRHC.com.
About Trinity Health PACE
Trinity Health PACE programs are nationally recognized for providing high-quality, comprehensive care in the communities they serve. Their services are built on a 30-year history of Programs of Comprehensive Care (PACE) for seniors in United States. Trinity Health PACE is the nation’s largest not-for-profit PACE provider with 14 owned and managed programs. They have 19 PACE centers in nine states and provide care to approximately 3,500 seniors, and are part of Health of the Trinityone of the largest Catholic health care systems in the country.
Trinity Health PACE programs provide continuity and quality care for seniors, allowing them the independence of living at home. Seniors who qualify for nursing home care alternatively have the opportunity to receive comprehensive care from an interdisciplinary team of experts, all focused on improving the health of the participants. Seniors receive clinical and rehabilitative therapy and build relationships with participating doctors, nurses and colleagues – all under one roof. Their integrative multi-touch approach includes services typically at no cost to those eligible for Medicaid or Medicaid and Medicare. For those who do not qualify for Medicaid, there is a flat monthly fee. Find out if you qualify here.
About Trinity Health
Trinity Health is one of the nation’s largest not-for-profit, Catholic health care systems. It is a family of 115,000 colleagues and nearly 26,000 physicians and clinicians who care for diverse communities in 25 states. Nationally recognized for care and experience, Trinity Health’s care network includes 88 hospitals, 131 continuing care locations, the nation’s largest nonprofit PACE program (second largest in the nation), 125 urgent care locations and many other health and wellness services. Based on Livonia, Michiganits annual operating income is 20.2 billion dollars with 1.2 billion dollars gave back to its communities in the form of charitable care and other community benefit programs. For more information, visit www.trinity-health.org or follow us on LinkedIn, Facebook or I tweet.
SOURCE Tabula Rasa HealthCare, Inc.