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TRHC Announces the Execution of a Pharmacy Services Agreement with WelbeHealth
WelbeHealth, founded by mission-driven physicians to unlock the full potential of the most vulnerable seniors in underserved communities, opened its first two PACE programs in 2019 in the
“WelbeHealth’s mission to provide high-quality care to the most vulnerable population aligns with TRHC’s mission, and makes us proud partners,” said TRHC President
“We’re very excited to collaborate with TRHC for products that support high-quality care delivery,” said
PACE (Program of All-Inclusive Care for the Elderly) is a
PACE organizations nationwide rely on TRHC technology, services, and consulting to optimize outcomes and maintain regulatory compliance. The company’s medication safety and pharmacy services, featuring proprietary Medication Risk Mitigation software and pharmacists who are board-certified in geriatrics, improve medication outcomes, increase adherence, and reduce participant hospitalizations.
At WelbeHealth, our mission is to unlock the full potential of our most vulnerable seniors with empathy and love. We do it through PACE (Program of All-Inclusive Care for the Elderly), a comprehensive medical and social care model with a decades-long track record of improved quality of life, life expectancy, and personal empowerment for frail seniors. As part of our PACE programs, most participants are able to live safely and independently in their own homes and communities rather than receive care in a nursing home. WelbeHealth operates two PACE programs in the
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 combined company and the integration of PW into TRHC, the expected synergies from the combined company and the expected financial and operating performance of TRHC following the completion of the acquisition. 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 combined companies due to challenges in integration and inability to retain key employees; fluctuations in our financial results; the acceptance and use of our products and services by PACE organizations and pharmacies; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; our ability to maintain relationships with a specified drug wholesaler; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; the requirements of being a public company; our ability to recognize the expected benefits from acquisitions on a timely basis or at all; and the other risk factors set forth from time to time in our filings with the
T: (856) 912-5714
T: (415) 547-7099
Bob East or Asher Dewhurst
T: (443) 213-0500
Source: Tabula Rasa HealthCare, Inc.