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.
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Tabula Rasa HealthCare (TRHC) recently announced results from a pivotal three-part clinical study published in The American Journal of Managed Care. The research confirms a strong association between a high MedWise Risk Score and adverse health outcomes, demonstrating that interventions based on MedWise tools led to improved health results and reduced healthcare costs. Notably, the studies revealed significant reductions in hospitalizations, emergency room visits, and premature deaths among patients managed with MedWise. The findings support the vital role of certified pharmacists in optimizing medication regimens.
Tabula Rasa HealthCare (TRHC) hosted its 16th CareKinesis Clinical Advisory Panel (CAP) Meeting in Scottsdale, AZ, on September 9-10, 2021. The event gathered PACE medical directors to discuss the latest service enhancements and best practices in medication management. Attendees explored topics like Medication Risk Mitigation, Pharmacogenetics, and patient care optimization. TRHC aims to improve patient outcomes by addressing medication-related risks. Continuing education credits were available for participants, showcasing TRHC’s commitment to professional development and healthcare innovation.
Tabula Rasa HealthCare (TRHC) has secured $1.9 million from the National Institutes of Health (NIH) to research drug-induced dementia and enhance Alzheimer's studies in collaboration with Hesperos Inc. The project will utilize TRHC's MedWise technology to quantify risks from adverse drug events (ADEs). Over two years, the research aims to improve medication safety and reduce hospitalizations while providing insights on the connection between medications and cognitive decline.
Tabula Rasa HealthCare (TRHC) announced a partnership with Drake University and Certintell to enhance health outcomes via remote patient monitoring (RPM) and medication management in rural Iowa. Funded by a $1.6 million grant from HRSA, the initiative aims to improve care for adults suffering from uncontrolled diabetes, hypertension, and obesity. TRHC’s MedWise technology will facilitate medication safety reviews, aiming to reduce medication-related issues and hospitalizations. This project underscores TRHC's commitment to innovative telehealth solutions for underserved populations.
Tabula Rasa HealthCare, Inc. (TRHC) announced significant agreements to enhance its Medication Therapy Management (MTM) programs using its proprietary MedWise® technology. This initiative aims to predict high-risk patients for multi-drug interactions, potentially reducing adverse drug events (ADEs) and associated healthcare costs. The application of MedWise® will support traditional Medicare MTM programs and facilitate Medication Safety Reviews™, which aim to improve patient care. TRHC's technology is backed by peer-reviewed studies linking lower MedWise Risk Scores to reduced ADEs and decreased hospitalizations.
Tabula Rasa HealthCare (TRHC) announced an expanded partnership with eHealth to provide a Medicare Plan Review module to its client pharmacies. This collaboration enables pharmacists to assist patients in comparing Medicare plans, ultimately enhancing patient care and pharmacy performance. With over 200 carrier relationships, the eHealth platform offers patients tailored options for their prescription needs, improving access and enrollment processes. The partnership aims to increase community pharmacists' engagement, enhancing healthcare outcomes for Medicare beneficiaries who often do not review their coverage annually.
Tabula Rasa HealthCare, Inc. (TRHC) has announced a new partnership with PACE of Northeast Indiana, enhancing medication safety and pharmacy services for elderly care in Fort Wayne, Indiana. With this agreement, TRHC now collaborates with 100% of PACE organizations in Indiana. The comprehensive services, including medication risk mitigation and claims administration, aim to optimize care while saving administrative time. TRHC's solutions are utilized by over 90% of PACE programs nationwide, reinforcing its position as a leading provider in value-based care for seniors.
Tabula Rasa HealthCare (TRHC) announced Q2 2021 financial results, reporting total revenue of $82.3 million, a 7% increase from last year. Product revenue rose 19% to $46.9 million, while solutions revenue fell 5%. The company experienced record PACE enrollment and significant growth in national account revenue, up 76%. Although GAAP net loss widened to $21.1 million, TRHC expects Q3 revenue to grow 4%-9% sequentially and 22%-28% year-over-year, driven by strong demand in CareVention and MedWise segments.
CareVention HealthCare, a division of Tabula Rasa HealthCare (TRHC), has launched a new Remote Patient Monitoring (RPM) service designed to enhance patient care through continuous monitoring of vital signs. This innovative service leverages biosensors and AI technology to promptly alert healthcare providers about significant patient health changes. The RPM service aims to improve patient outcomes and reduce costly ER visits. CareVention has partnered with Thaïs to utilize their platform for effective monitoring, targeting conditions like hypertension and diabetes.