{"id":450961,"date":"2021-03-04T10:33:05","date_gmt":"2021-03-04T15:33:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450961"},"modified":"2021-03-04T10:33:05","modified_gmt":"2021-03-04T15:33:05","slug":"exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/","title":{"rendered":"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs"},"content":{"rendered":"<h2>\nRecent study published in JMCP showcases how ExactCare\u2019s pioneering long-term pharmacy care services drive improved medication adherence, reduce health care utilization, and save on total medical costs<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">CLEVELAND, March  04, 2021  (GLOBE NEWSWIRE) &#8212; ExactCare, a leading national medication management and pharmacy care provider, today announced its comprehensive medication management solution has been proven to improve adherence, reduce health care utilization and generate total cost of care savings, according to a study conducted by RAND Corporation and recently published by the Journal of Managed Care + Specialty Pharmacy (JMCP).<\/p>\n<p>The <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=auG5a8XUWoxHHQ_kXOT82aNOout_LX_fjF6-4yWGnR58AtwFKRJWZUuKJ9BYzCygi_cw6iAkNt-bY2ADa9LtfqpeD2FVB71NdT4iH7mBBlOGOnHfj84eROT3Yj-36Q4V\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">study<\/a>, which reviewed medical and prescription drug encounter data of Medicare Advantage beneficiaries from one of the largest private insurers in the United States, examined the impact of ExactCare\u2019s high-touch, multi-intervention approach for patients with complex medical needs. The study demonstrated the following:<\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Improved Medication Adherence. <\/strong>Statistically significant increases in adherence to statins and antihypertensive drugs<\/p>\n<\/li>\n<li>\n          <strong>Decreases in Number and Length of Facility Admissions. <\/strong>Statistically significant decreases in skilled nursing facility (SNF) admission rates, SNF days, and inpatient days<\/p>\n<\/li>\n<li>\n          <strong>Reductions in Total Cost of Care. <\/strong>Approximately $2,400 less in total cost of care per member per year, representing a 5 percent reduction in average costs<\/li>\n<\/ul>\n<p>This study noted significant impact among patients with the most severe healthcare concerns.<\/p>\n<p>\u201cExactCare\u2019s unique approach to medication management was purposefully designed to serve people with chronic conditions,\u201d said ExactCare President &amp; CEO Dale Wollschleger, R.Ph. \u201cFor our patients, it is critical to provide a comprehensive approach that fully accounts for complex clinical issues as well as struggles with activities of daily living, as opposed to traditional pharmacy models that typically offer a single intervention focused on convenience. This study demonstrates that our robust services create better health outcomes for our patients and also address quality and cost objectives for healthcare organizations responsible for patient care.\u201d<\/p>\n<p>Chronic diseases are the leading cause of death and disability in the United States. An estimated 60% of adults have been diagnosed with one chronic condition and 40% with two or more chronic conditions, according to the Centers for Disease Control and Prevention\u2019s National Center for Chronic Disease Prevention and Health Promotion.<\/p>\n<p>\u201cAt ExactCare, we elevate the role of pharmacists to manage ongoing relationships with patients and their paid and family caregivers, and also collaborate with the numerous physicians and other providers typically delivering care to the patient,\u201d said ExactCare Chief Operating Officer Brad Hess, R.Ph. \u201cOur model goes beyond the expectations of traditional pharmacy models to provide long-term pharmacy care for patients where and when they need it\u2014in assisted living facilities and group homes and independent living, through transitions of care, and in their own homes. We are honored to collaborate with providers, health plans, pharmaceutical manufacturers and pharmacy benefit managers (PBMs) across the United States to ensure the results of this innovative service improve as many lives as possible.\u201d<\/p>\n<p>\n        <strong>About ExactCare<\/strong><br \/>\n        <br \/>ExactCare, a CarepathRx company, provides solutions to overcome medication-related and chronic care challenges for patients with complex, chronic medical needs. Founded in 2009, the company drives better health for patients and better clinical, quality and economic outcomes for the healthcare organizations that care for them\u2014including payors, health systems and hospitals, home health organizations, primary care practices and other providers. ExactCare provides comprehensive long-term pharmacy care to patients in assisted and independent living facilities, throughout transitions of care, and in their homes\u2014with a focus on improving patient adherence to prescribed medications and enabling safer, more effective medication regimens. ExactCare also provides a number of additional value-based solutions, including HEDIS Gap Closure Assistance and Medication Therapy Management (MTM) Programs. ExactCare is licensed to serve patients nationwide. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qhtZ-cpuyTUcmqsXrKhwG0Pj-T3zJnnen-xDQtfQUd4QPfdEF4dcu9fQFRDRYwyuNvoAhFyY2F-xWKrHEWtE6A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.exactcare.com<\/a>.<\/p>\n<p>\n        <strong>About CarepathRx<\/strong><br \/>\n        <br \/>CarepathRx is transforming pharmacy care delivery for health systems and hospitals, delivering improved patient outcomes that drive clinical, quality, and financial results. Through the industry\u2019s most comprehensive, end-to-end hospital pharmacy care delivery model, CarepathRx is turning hospital pharmacy into an active care management strategy and revenue generator while providing support across the patient\u2019s complete healthcare journey. The company takes an enterprise approach, providing a powerful combination of technology, market-leading clinical pharmacy services, and wrap-around services that optimize pharmacy performance across the enterprise for fully integrated pharmacy operations, expanded healthcare services, improved ambulatory access, minimized clinical variation and new health system revenue streams. Today, CarepathRx serves more than 15 health systems and 600 hospitals, with more than 1,500 employees nationwide. For more information about CarepathRx, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9EJLZd6CPe5kb2-5Mzxsti5bLdGzqCSb7dHcKxPFUsAYNknjnGOqOjHAk2qCpbGMsdDe54Jnc1pT7_3xs3qyVOb6yvd-8AnBOQGn672lBVs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.carepathrxllc.com<\/a>.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDY2NSM0MDQ4ODExIzIwODA5MTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9c856e34-f3f2-46a7-9c5f-21fe53431068\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact\r\nMarshall Votta\r\nChief Growth Officer, ExactCare\r\nmvotta@exactcare.com\r\n401-487-6863<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recent study published in JMCP showcases how ExactCare\u2019s pioneering long-term pharmacy care services drive improved medication adherence, reduce health care utilization, and save on total medical costs CLEVELAND, March 04, 2021 (GLOBE NEWSWIRE) &#8212; ExactCare, a leading national medication management and pharmacy care provider, today announced its comprehensive medication management solution has been proven to improve adherence, reduce health care utilization and generate total cost of care savings, according to a study conducted by RAND Corporation and recently published by the Journal of Managed Care + Specialty Pharmacy (JMCP). The study, which reviewed medical and prescription drug encounter data of Medicare Advantage beneficiaries from one of the largest private insurers in the United States, examined the impact of ExactCare\u2019s high-touch, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450961","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Recent study published in JMCP showcases how ExactCare\u2019s pioneering long-term pharmacy care services drive improved medication adherence, reduce health care utilization, and save on total medical costs CLEVELAND, March 04, 2021 (GLOBE NEWSWIRE) &#8212; ExactCare, a leading national medication management and pharmacy care provider, today announced its comprehensive medication management solution has been proven to improve adherence, reduce health care utilization and generate total cost of care savings, according to a study conducted by RAND Corporation and recently published by the Journal of Managed Care + Specialty Pharmacy (JMCP). The study, which reviewed medical and prescription drug encounter data of Medicare Advantage beneficiaries from one of the largest private insurers in the United States, examined the impact of ExactCare\u2019s high-touch, &hellip; Continue reading &quot;ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T15:33:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDY2NSM0MDQ4ODExIzIwODA5MTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs\",\"datePublished\":\"2021-03-04T15:33:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\\\/\"},\"wordCount\":755,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NDY2NSM0MDQ4ODExIzIwODA5MTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\\\/\",\"name\":\"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/","og_locale":"en_US","og_type":"article","og_title":"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs - Market Newsdesk","og_description":"Recent study published in JMCP showcases how ExactCare\u2019s pioneering long-term pharmacy care services drive improved medication adherence, reduce health care utilization, and save on total medical costs CLEVELAND, March 04, 2021 (GLOBE NEWSWIRE) &#8212; ExactCare, a leading national medication management and pharmacy care provider, today announced its comprehensive medication management solution has been proven to improve adherence, reduce health care utilization and generate total cost of care savings, according to a study conducted by RAND Corporation and recently published by the Journal of Managed Care + Specialty Pharmacy (JMCP). The study, which reviewed medical and prescription drug encounter data of Medicare Advantage beneficiaries from one of the largest private insurers in the United States, examined the impact of ExactCare\u2019s high-touch, &hellip; Continue reading \"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-04T15:33:05+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDY2NSM0MDQ4ODExIzIwODA5MTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs","datePublished":"2021-03-04T15:33:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/"},"wordCount":755,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDY2NSM0MDQ4ODExIzIwODA5MTk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/exactcare-medication-management-program-proven-to-reduce-average-total-cost-of-care-by-5-percent-for-patients-with-complex-medical-needs\/","name":"ExactCare Medication Management Program Proven to Reduce Average Total Cost of Care by 5 Percent for Patients with Complex Medical Needs - 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