Welcome to our dedicated page for Tabula Rasa Heal news (Ticker: TRHC), a resource for investors and traders seeking the latest updates and insights on Tabula Rasa Heal stock.
Tabula Rasa HealthCare, Inc. (TRHC) generates news that reflects its focus on medication safety, pharmacy services and technology-enabled solutions for value-based care organizations. Company announcements highlight how TRHC works with health plans, at-risk provider groups and programs such as the Program of All-Inclusive Care for the Elderly (PACE) to address medication-related risks and support complex patient populations.
News coverage for TRHC often includes financial results and operational updates. Earnings releases describe trends in medication revenue and technology-enabled solutions revenue, with commentary on factors such as PACE census growth, revenue per PACE participant and changes in gross margin. These updates also discuss non-GAAP measures like adjusted EBITDA, adjusted gross profit and adjusted operating income or loss, which TRHC presents as supplemental indicators of performance.
Another key category of TRHC news involves strategic and corporate developments. The company has reported the divestiture of non-core businesses such as SinfoníaRx and DoseMe, and it announced a definitive agreement to be acquired by Nautic Partners and combined with ExactCare Pharmacy. Corporate updates have also covered leadership changes, including the appointment of a new President and Chief Executive Officer and the addition of a Chief Legal Officer and Corporate Secretary.
TRHC also issues news about client relationships and solution deployments. For example, the company announced that Mountain Empire PACE signed agreements for personalized pharmacy services and pharmacy benefit management, building on existing use of PACElogic integrated technology solutions and PeakTPA administration services. Such stories illustrate how TRHC’s offerings are applied in real-world care settings.
Investors, analysts and healthcare professionals can use this news stream to follow TRHC’s financial performance, corporate actions, partnerships and the evolution of its medication safety and pharmacy care solutions over time.
Tabula Rasa HealthCare (TRHC) has partnered with Physiomics plc to enhance cancer treatment through personalized medicine. This collaboration aims to integrate Physiomics' docetaxel dosing model with TRHC's DoseMeRx platform, expected to improve drug dosing precision and patient outcomes. The initiative targets oncology, specifically the commonly used drug docetaxel. Both companies anticipate a revenue-generating contract following successful trial results. This partnership leverages TRHC's clinical decision support tools and Physiomics' expertise in oncology.
Tabula Rasa HealthCare (TRHC) has announced a partnership with the Missouri Pharmacy Association (MPA) to enhance medication safety through the introduction of the Certified MedWise Advisors™ program. This initiative aims to educate MPA members on TRHC’s MedWise™ software, designed to reduce adverse drug events and improve patient outcomes. MPA is the first state pharmacy association to sign this co-marketing agreement, with plans for additional states. By expanding pharmacist expertise, the collaboration seeks to optimize medication management and lower healthcare costs in Missouri.
Tabula Rasa HealthCare (TRHC), a healthcare technology company specializing in medication safety, has appointed Dr. Celynda G. Tadlock as Chief Client Officer and EVP of Pharmacy Benefit Services. This strategic move aims to enhance client services and support TRHC's growth and profitability. Dr. Tadlock's extensive experience in pharmacy benefit management includes roles at Aetna, Express-Scripts, and Anthem, where she oversaw significant drug spend and member management. TRHC continues to leverage its proprietary technology, MedWise™, to improve patient outcomes and reduce healthcare costs.
Tabula Rasa HealthCare (TRHC) has partnered with the American Academy of Home Care Medicine (AAHCM) to enhance clinical documentation training through its Capstone Performance Systems service line. The new Clinical Documentation Excellence (CDE) Online Education program offers AAHCM members discounted access to over 10 hours of training on risk adjustment and documentation practices. This collaboration aims to improve compliance and revenue optimization for value-based care organizations.
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Tabula Rasa HealthCare (TRHC) has entered into a partnership with the American College of Apothecaries (ACA) to enhance medication safety education for community pharmacists. Through this collaboration, ACA members will be trained on TRHC’s MedWise software, which provides clinical intelligence to prevent adverse drug events. ACA aims to empower its members with innovative solutions to manage complex medication regimens effectively. TRHC's technology focuses on minimizing medication-related risks and improving patient outcomes while reducing healthcare costs.
Tabula Rasa HealthCare (TRHC) announced a partnership with Neil Medical Group to implement its DoseMeRx solution in long-term care and assisted living facilities across the Southeastern U.S., including Kentucky, North Carolina, South Carolina, Georgia, and Virginia. This collaboration aims to enhance medication safety through precise dosing, reducing adverse drug events, and streamlining operations. The partnership emphasizes improving health outcomes for older adults, showcasing DoseMeRx’s benefits as evidenced by peer-reviewed studies on dosing guidelines.
Tabula Rasa HealthCare (TRHC) reported Q3 2020 results, experiencing a 5% decline in total revenue to $70.5 million, impacted by COVID-19. However, October PACE net enrollment saw a significant recovery, more than doubling from September 2020, marking the highest figures in two years. The company anticipates revenue growth of 20% in 2021, driven by increased enrollment and a strong sales pipeline, despite a net loss of $21.6 million for the quarter.
The firm expects revenue of $294-$296 million for the full year 2020.
Tabula Rasa HealthCare, Inc (TRHC) has announced a strategic partnership with PioneerRx to enhance medication safety through TRHC's MedWise™ software. This collaboration will equip over 4,700 community pharmacies across the U.S. with actionable clinical intelligence, aiming to improve patient outcomes and reduce adverse drug events. MedWise utilizes the MedWise Risk Score™ to analyze patients' medications and predict potential issues. The partnership is expected to strengthen clinical pharmacy capabilities, offering better support to independent pharmacies and their patients.
Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) will hold a conference call on November 4, 2020, at 8:30 a.m. EDT, to discuss its third quarter 2020 operating results. The financial results for the quarter ended September 30, 2020, will be released on November 3, 2020, after market close. The call will be led by CEO Calvin H. Knowlton, Co-Founder Orsula V. Knowlton, and CFO Brian W. Adams. A live audio webcast will be accessible via the investor relations section of TRHC’s website.
