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Tabula Rasa HealthCare Expands Medication Risk Mitigation Offerings to Western Europe
The initial phase of this collaboration includes MRM modeling, workflow design, implementation, assessment and process improvement in a hospital environment in Portugal and/or Spain. In addition, TRHC and ANF will collaborate to determine the potential for the integration of TRHC’s MedWise™, a proprietary software that provides prescribers with insight to manage medication risk, with ANF’s corporate segment solutions.
“TRHC has established an impressive footprint in North America as a leader in the development of technologies that address the growing concern across all facets of healthcare around safe and effective medication management,” said TRHC Chairman and CEO, Calvin H. Knowlton, Ph.D. “As the international community expands its awareness of the problems associated with multi-drug interactions, such as adverse drug events (“ADEs”), TRHC is once again at the forefront. We look forward to collaborating with Associação Nacional das Farmácias to optimize prescribing and patient care in Western Europe.”
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/31871d1c-2ccf-4d9a-85d4-2d0bcd2bf98f
Avoidable ADEs caused by dangerous drug interactions and the imprecise use of prescriptions present challenges worldwide. In Europe, there are approximately 8.6 million hospital admissions caused by ADEs every year with ADEs accounting for 2.5% -10.6% of hospital admissions. 1, TRHC’s MRM tools and proprietary technology identifies patients’ risk for multi-drug interactions before they occur, helping physicians make safer prescribing choices and take a more personalized approach to prescribing medications, including medication selection, dosage levels, time-of-day administration and reduction of the total number of medications by eliminating unnecessary prescriptions.
"Pharmacies play a unique and pivotal role within the Portuguese healthcare system,” said Paulo Cleto Duarte, PharmD, MBA, president of Associação Nacional das Farmácias. “Working with
TRHC’s MRM services include a Medication Safety Review that utilizes the company’s proprietary MedWise™ platform which analyzes simultaneous, accumulative, multi-drug interactions. It also includes the option for pharmacogenomics analysis which allows prescribers to understand how a patient’s genes affect their response to medications.
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.
About Associação Nacional das Farmácias
Founded in 1975, Associação Nacional das Farmácias is the Portuguese national association of pharmacies. The organization represents the interests of over 2,800 affiliated pharmacies in Portugal (app. 95% of Portuguese market). ANF’s mission is to make pharmacies the primary health care network of Portuguese citizens by intervening in a wide range of areas: political/associative, professional, finance and economics and corporate support to
This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC, including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on
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Bob East or Asher Dewhurst
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1 Polypharmacy Management by 2030: a patient safety challenge, Alpana Mair et al,
2 Clinical and economic burden of adverse drug reactions, Janet Sultana, et.al., J Pharmacol Pharmacother. 2013