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2017 December Newsletter: AssureCare develops new MTM module, part 2.

Monthly Healthcare Buzz…

 

CVS Health announced its plan to acquire Aetna with the intention of offering lower-cost care. The deal is valued at $77 billion and will undergo federal review.

 

Ascension and Providence – St. Joseph’s Health talk about a merger between the two non-profits. This merge would create the largest hospital chain in the U.S.

 

Congress passes short-term solution for the Children’s Health Insurance Program (CHIP). They are allocating nearly $3 billion to keep CHIP funded through March.

 

ADA released their 2018 Standards of Medical Care in Diabetes that they will continue to revise with the latest information throughout the upcoming year. There have been several updates to recommendations including an increased awareness for social determinants of health.

 

FDA addressed a number of regulations in 2017 with the increase of digital health clearances and the appointment of a new commissioner Scott Gottlieb. The FDA began accepting applications to a pilot program for pre-certification in which the companies would not need the FDA’s blessing on every individual product.

AssureCare® Develops New Medication Therapy Management Module, Part 2

Proper implementation of MTM is a win-win-win for members, providers, and payers. Medication mismanagement can be fatal for the members. The American College of Prevention Medicine reported that poor medication adherence takes the lives of an estimated 125,000 Americans annually.(1) MTM services help members take a more active role in managing their comorbid chronic conditions. Providers also benefit by saving crucial time and resources currently spent on addressing recurrent clinical problems. As the healthcare reimbursement model shifts from a strictly service-based model to a more outcome-based model, providers find MTM services very pertinent. The payer’s advantage to MTM is straight forward. By preventing complications and drastically reducing readmissions, the cost is significantly reduced. “AssureCare’s® MedCompass® product already captures salient clinical and demographic information needed for care coordination making MTM a perfect evolution of our product. We also see a huge opportunity in expanding our MTM solution for a complete, end-to-end, pharmacy solution,” commented Dr. Yousuf J. Ahmad, President & CEO of AssureCare®.

 

1. Medication Adherence Clinical Reference. Retrieved from http://www.acpm.org/?MedAdherTT_ClinRef

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