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Tabula Rasa HealthCare’s Newly Acquired Subsidiary, Mediture, Expands Managed Long-term Care Services with Visiting Nurse Service of New York
VNSNY is the largest not-for-profit home and community-based health care organization in
“It is an honor to collaborate with VNSNY, an outstanding organization that meets critical healthcare services needs for vulnerable populations,” stated TRHC Chairman and CEO,
MLTC is a demonstration program across the US with the goal of providing optimized and better coordinated care for dual-eligible individuals while improving efficiency. MLTC plans provide coverage for a number of services, including home care and nursing home care.i Similar to the Program of All-Inclusive Care for the Elderly (PACE), MLTC supports members living independently at home, avoiding nursing home care for as long as possible. While PACE is fully capitated for
Medicaid MLTC senior services programs have been growing rapidly in the last five years, from eight to 24 states now offering these services. Enrollment increased by nearly one million members, and at least seven other states continue to pursue such initiatives as a method to reform their
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.
About the Visiting Nurse Service of
Founded in 1893, the Visiting Nurse Service of
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. These forward-looking statements include, among other things, our goals and expectations regarding the acquisition of Mediture. 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 risk that we may not be able to achieve our expectations for the acquisition due to challenges in integration and the inability to retain key employees; 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
Bob East or Asher Dewhurst
Source: Tabula Rasa HealthCare, Inc.