Tabula Rasa HealthCare Retains 99.1% of PACE Clients to Start 2020

MOORESTOWN, N.J., Jan. 13, 2020 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare, Inc. (TRHC) (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, announced today a client retention rate of 99.1% in the PACE (Programs of All-inclusive Care for the Elderly) market to begin 2020.

PACE organizations nationwide rely on TRHC’s PACE division, CareVention HealthCare, for technology, services, and consulting to optimize outcomes and maintain regulatory compliance.  CareVention’s lead offering for PACE providers is medication safety and pharmacy services, which features proprietary medication risk mitigation software and pharmacists who are board-certified in geriatrics to improve medication outcomes, increase adherence, and reduce participant hospitalizations. 

“TRHC continues to advance the science and practice of medication risk mitigation through our technology platforms and personalized pharmacotherapy approach,” said TRHC Chairman and CEO, Calvin H. Knowlton, PhD. “Our continued high retention rates and multi-year contract renewals demonstrate the effectiveness of our solutions and the value CareVention services provide PACE.” 

PACE is a federal program providing comprehensive medical and social services to individuals 55 and older who are nursing-home eligible. The goal of PACE is to keep participants living in their own communities while receiving medical care and support services. Currently, 131 PACE organizations operate 263 PACE centers in 31 states, serving more than 51,000 participants.

About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize performance to improve patient outcomes, reduce hospitalizations, lower healthcare costs, and manage risk. Medication risk management is TRHC’s lead offering, and its cloud-based software applications, including EireneRx and MedWise, provide solutions for a range of payers, providers and other healthcare organizations. For more information please visit, tabularasahealthcare.com.

About CareVention HealthCare
CareVention HealthCare offers comprehensive, integrated solutions and services for organizations at every stage of PACE (Programs of All-inclusive Care for the Elderly), from exploring PACE at the state and organizational levels, through start-up and ongoing operations. Medication management and pharmacy distribution services are offered by TRHC’s CareKinesis division. CareVention HealthCare provides end-to-end services to assure regulatory compliance, participant health and safety, and optimized financial management. For more information, visit PACEperfect.com.