TRHC Signs Agreement to Provide CareVention HealthCare Services to New PACE Organization

PACE Place of Jacksonville, FL will help keep participants living in their homes

MOORESTOWN, N.J., Feb. 18, 2020 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare Corporation (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, announced an agreement with a newly established Program for All-inclusive Care of the Elderly (PACE) in Jacksonville, Florida. Known as PACE Place, the program is sponsored by Community Hospice &Palliative Care.

“We’re very excited to collaborate with TRHC for products and services that support high-quality care delivery,” said Executive Director of PACE Place, Mary Kiefert. “TRHC’s various services will help us better manage the care of our participants and ultimately improve quality of life for our seniors and their loved ones.”

TRHC’s CareVention HealthCare division will provide comprehensive medication management and pharmacy distribution services to PACE. Additionally, CareVention will provide electronic health record (EHR) and third-party administration (TPA) services, including regulatory compliance and financial management. CareVention provided technical assistance consulting for the past year as the organization developed its PACE program.

PACE Place is expected to begin serving participants in March of 2020.

“We are honored to have been chosen for our medication safety, EHR and TPA services and pleased to be collaborating with PACE Place,” said TRHC President Orsula V. Knowlton, PharmD. “We look forward to working more closely with PACE Place as it prepares to welcome its first participants.” 

Samira K. Beckwith, MSW, president of Florida PACE Providers and a member of TRHC’s Board of Directors, welcomed PACE Place to the growing group of PACE organizations providing much needed care to older adult residents in the state. “With the addition of PACE Place in the Jacksonville community, the State of Florida further expands access to quality healthcare for those who need nursing home care, but who prefer to remain in their own homes,” Beckwith explained. “We welcome PACE Place and wish it the best in pursuing its mission to serve the aging population in the Jacksonville area.”