TRHC Praises Signing of SUPPORT for Patients and Communities Act

MOORESTOWN, N.J., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare, Inc. (TRHC) (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, applauds the signing into law of the SUPPORT (Substance Use-Disorder Prevention that Promotes Opioid Recovery and Treatment) for Patients and Communities Act.

One of the major policy changes in the new law, which became effective upon signing, will require Medicare Part D plan sponsors to adopt Medication Therapy Management (MTM) programs for seniors determined to be “at risk” for prescription drug abuse by year 2021. The current law allows sponsors to voluntarily adopt MTM services. Additionally, the Act will encourage the use of innovative technologies for MTM to ensure that prescribers have the insight and information they need to address inappropriate and complex prescribing and abuse of opioids.

“We commend the President for signing the ‘SUPPORT for Patients and Communities Act,’ a critical step in the fight against opioid abuse,” said TRHC Chairman and CEO, Calvin H. Knowlton, Ph.D. “This new law will ensure that at-risk individuals receive the MTM counseling they need to curb unintentional prescription misuse, opioid abuse and adverse drug events. We stand ready to support our Medicare partners as they continue to improve the health outcomes of at-risk seniors.”

TRHC’s proprietary MTM solutions, such as MedWise™, are designed to analyze multi-drug risk and improve the prescribing process, increase medication safety, and reduce adverse drug events and hospitalizations. The technology plots a patient’s entire multi-drug medication regime against various extrinsic and intrinsic medication safety factors. MedWise provides a Medication Risk Mitigation Matrix™ and risk score for each patient that MTM pharmacists can use when making recommendations to patients and prescribers.

The company provides MTM programs to 150 Medicare Advantage contracts representing three million beneficiaries and is spearheading a large CMS model program, called Enhanced MTM, across seven states.

About Tabula Rasa HealthCare®
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.

Forward-Looking Statements
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