AdhereHealth | January 27, 2022
AdhereHealth, a healthcare technology leader in medication adherence insights and health outcomes, today announced a new integration partnership with Levrx TechnologyInc, a digital health technology company that drives prescription efficiencies and maximizes savings. Their combined solution enables health plans and self-insured employers to realize immediate pharmacy cost savings and near-term medical cost reductions by integrating Levrx's plan-specific and real-time prescription insights into the Adhere Platform's Medication Optimization solution.
One of the biggest challenges in U.S. healthcare is the increasing cost of pharmacy. According to the Centers for Medicare and Medicaid Services (CMS), prescription spend for private insurance and state-run programs was$348.4 billionin 2020 and is projected to reach$560.3 billionby 2028. As total costs continue to rise, member cost-share also increases along with concern for medication non-adherence. Statistics show that at least 12.8 million adults delayed or did not get prescription drugs in 2018-19 due to cost.
"More than 50 percent of prescriptions are abandoned at the pharmacy when exceeding$125. By partnering with Levrx, our Medication Optimization solution now includes formulary cost savings analytics and technologies, which address lower-cost medication options for the patient, health plan, and employer. Care teams can use these insights to further drive medication adherence and deliver immediate and lasting cost savings."
Jason Z. Rose, CEO of AdhereHealth
Anchored within the Adhere Platform™, the Medication Optimization solution creates insights based on medical claims, pharmacy claims, and direct patient and provider engagement to automatically identify patients at the highest risk for non-adherence. The system generates targeted analytics, which are updated daily and integrated into the various clinical workflows to prioritize high-risk patients and guide personalized outreach.Insights from predictive analytics enable care teams with actional insights as they engage high-risk patients to close critical medication optimization gaps.
With the addition of Levrx capabilities, AdhereHealth can now enhance its impact by adding prescription formulary opportunity analytics into its data-driven medication optimization workflow. The Adhere Platform uses these analytics to alert clinicians when lower-cost alternatives are available. The provider is empowered to proactively coordinate with the patient and provider to prescribe the right medication, minimize non-adherence, and improve health outcomes. Conversely, the Adhere Platform's analytics are integrated into Levrx Practice App™technology workflows for providers.
Unlike other formulary optimization solutions, Levrx delivers plan-specific and real-time prescription insights. This is far superior to general or national information other solutions utilize because they account for the patient's plan-specific formulary, accumulator, and real-time pricing. Levrx also engages physician groups and members directly, giving healthcare consumers the information needed at the point of care to keep costs low, avoid prescription rewrites, and prevent non-adherence based on cost.
"Our analyses consistently identify 10-20% total annual prescription savings opportunities for clients. By integrating Levrx, AdhereHealth's platform now has the power to lower prescription costs by combining real-time medication pricing information with other actionable insights," saidVikram Agrawal, President & CEO at Levrx."What's beenthe cherry on top is the increasedtrust and satisfaction that members have for their insurance."
Levrxis aninnovativesoftwarecompanythat usestechnology to transform the healthcare experience, one prescription at a time. Levrxalignsproviders,patients,pharmacies, and payerson oneplatformtosimplifyprescribing and ensure affordability.
AdhereHealth delivers purpose-built, innovative technology solutions to improve quality of care, medication adherence, and cost outcomes – all with an emphasis on overcoming social determinants of health (SDOH) and improving patient experience. AdhereRx, an AdhereHealth digital pharmacy, provides high-risk, underserved patients with personalized pharmacy services that drive medication compliance and reduce unnecessary utilization costs. This unique combination of predictive analytics, intelligent clinical workflow software, and proactive telepharmacy outreach performed by a nationwide team of licensed clinicians addresses an estimated half a trillion dollars of unnecessary annual medical costs attributed to medication adherence issues. Today, the Adhere™ Platform touches nearly 30 million patients across dozens of health plans, self-insured employers, and other risk-bearing entities.
AdhereHealth | December 18, 2021
AdhereHealth, a healthcare technology leader in medication adherence insights and health outcomes, has entered into a strategic partnership with Hero, the market leader in digital in-home care. This new agreement enables AdhereHealth to deploy Hero's digital in-home care platform to help high-risk, high-cost, chronically ill patients adhere to complex medication regimens.
Hero's platform includes a connected smart pill dispenser, which automatically sorts and dispenses medications according to a patient's unique medication schedule. Hero's connected app then tracks what a patient took and when, and sends real-time alerts to the patient's care team if a dose is missed or a medication is ready for refill. Hero continually monitors the patient's medication inventory and facilitates real-time medication reconciliation and synchronization.
"Combining Hero's industry-leading medication management platform with AdhereHealth's advanced technologies and its nationwide AdhereRx digital pharmacy creates the first complete lifecycle medication management service," said Kal Vepuri, founder and CEO of Hero. "Our partnership will also simultaneously improve patient safety by focusing on medication management, further support caregivers and help people take more control of their health," added Mr. Vepuri.
AdhereHealth's digital pharmacy, AdhereRx, leverages data analytics to identify and prioritize vulnerable populations most at risk for nonadherence or drug safety problems. Trained pharmacists then connect via phone with patients to conduct comprehensive medication reviews and address social determinants of health (SDOH) that might get in the way of medication adherence.
"Hero's patient-centric technology will enable care managers, providers and health plans to remotely monitor medication intake, providing real-time visibility into how patients are adhering to medication regimens at home. Combined with our medication synchronization technologies and our nationwide AdhereRx digital pharmacy solution, we can drive better patient experience and improve value-based outcomes for vulnerable populations."
Jason Z. Rose, CEO of AdhereHealth
Poor medication adherence is a leading cause of re-hospitalizations and ER visits, especially among the elderly and those with chronic conditions. The financial impact is significant: medication nonadherence accounts for 16% of U.S. healthcare spending annually, accounting for more than half a trillion dollars.
Hero is a leading digital in-home care platform delivering the first end-to-end medication management service for patients and caregivers. Hero's solution includes its award-winning smart pill dispenser, medication management app, automatic refills with free delivery and 24/7 live support. Since launching in 2018, Hero has dispensed more than 70 million medications. Hero is used as a care management solution by individuals, caregivers and medical providers.
AdhereHealth delivers purpose-built, innovative technology solutions to improve quality of care, medication adherence, and cost outcomes – all with an emphasis on overcoming social determinants of health (SDOH) and improving patient experience. AdhereRx, an AdhereHealth digital pharmacy, provides high-risk, underserved patients with personalized pharmacy services that drive medication compliance and reduce unnecessary utilization costs. This unique combination of predictive analytics, intelligent clinical workflow software and proactive telepharmacy outreach performed by a nationwide team of licensed clinicians addresses an estimated half a trillion dollars of unnecessary annual medical costs attributed to medication adherence issues. Today, the Adhere™ Platform touches nearly 30 million patients across dozens of health plans, self-insured employers and other risk-bearing entities.
TRC Healthcare | October 12, 2021
TRC Healthcare, a top provider of evidence-based medication advisory resources for clinicians announced a partnership with Pharmacy Quality Solutions (PQS), a leading technology provider of pharmacy performance management services. Along with PQS, TRC Healthcare will offer a pilot program for pharmacy continuing education (CE) through the PQS podcast, the PQS Quality Corner Show. The first podcast episode available for CE debuted August 2021 in TRC Healthcare's Pharmacist's Letter.
With the pilot program, TRC Healthcare is exploring expansion of its CE channels with the inclusion of audio podcasts. Listeners of the PQS Quality Corner Show have the ease of podcast learning with the ability to earn CE credits through the Pharmacist's Letter website.
"Our research has shown that many pharmacists are eager to explore different ways to digest CE content, and podcasts were at the top of the list. PQS is a leader in pharmacy quality and education and has developed a solid podcast listenership. We are very much aligned to make it more convenient for our pharmacy audience to access content on the go. We are excited to work with PQS in this endeavor."
Wes Crews, CEO of TRC Healthcare
The first set of episodes available for CE credit covers the topic of immunizations and can be downloaded on all major streaming services.
"In our efforts to make each one of our episodes better than the last, we are pleased to evolve our content in 2021 and work with TRC Healthcare to provide continuing education for pharmacists. As our show has always been about education and improvement on quality, we have purposefully structured our show to follow a CE seminar format where we ask key questions and help our audience learn essential details."
Quality Corner Show Host and PQS Senior Manager of Pharmacy Accounts, Nick Dorich, PharmD
The second set of episodes covers geriatric care and is available on the Pharmacist's Letter and the Quality Corner Show.
About TRC Healthcare
TRC Healthcare (TRC) is a premier source of lifelong learning solutions for healthcare professionals. TRC is most recognized for their education and CE offerings within the highly-regarded Pharmacist's Letter, Prescriber's Letter, and Pharmacy Technician's Letter. TRC also offers Pharmacy Technicians University, the leading online training program for pharmacy technicians. The Natural Medicines database makes it easy for subscribers to find unbiased, evidenced-based research about alternative drug therapies.
Through the acquisition of CriticalPoint and NetCE, TRC Healthcare recently expanded its offerings. CriticalPoint increases patient safety through a variety of educational compounding offerings concentrating on USP 797, 800, and 795. NetCE is an industry-leading, continuing-education platform, specializing in continuing education across multiple professions including nurses, physicians, and mental health. These additions give TRC Healthcare the industry's largest catalog of continuing education and advisory services, with thousands of courses trusted by healthcare professionals to provide accredited training that meets continuing education and licensing requirements.
About Pharmacy Quality Solutions, Inc. (PQS)
PQS is a healthcare quality technology company, connecting healthcare payers and providers who value measurement as the pathway to better patient outcomes. Partners of PQS represent nearly 90% of all Medicare Part D lives and 95% of community pharmacies. PQS delivers quality insights and guidance to support their customers' efforts to optimize the quality of medication management and use for their Medicare, Medicaid and commercial populations. PQS' industry-leading platform, EQUIPP®, provides standardized measurement and reporting on key medication use quality measures and value-based reimbursement programs focused on medication adherence, treatment outcomes and patient safety.