PACE Executives Summit Highlights Opportunity for Market Growth and Trends in Participant Care

Rhea-AI Summary

Tabula Rasa HealthCare (TRHC) hosted its 2021 CareVention HealthCare Advisory Summit in Orlando, focusing on growth opportunities in the Program of All-Inclusive Care for the Elderly (PACE). Key discussions included the PACE Plus Act aimed at enhancing site approvals and affordability for Medicare beneficiaries. TRHC emphasized the increasing role of technology in home-based care, with industry leaders advocating for innovative services. The summit, now in its third year, included both in-person and virtual participation, facilitating valuable networking.

Positive

• The PACE Plus Act aims to create sustainable support and growth opportunities for PACE sites.
• Increased focus on technology and home-based care enhances TRHC's service capabilities.

Negative

• None.

MOORESTOWN, N.J., Dec. 1, 2021 /PRNewswire/ -- Tabula Rasa HealthCare, Inc.® (TRHC) (NASDAQ: TRHC), a leading healthcare technology company advancing the safe use of medications, hosted its 2021 CareVention HealthCare Advisory Summit for Program of All-Inclusive Care for the Elderly (PACE) Executives in Orlando, Florida, providing a forum for discussion on important PACE developments.

The summit featured an interactive session on the PACE Plus Act with Jennifer Baker, Senior Policy Aide, U.S. Senate Special Committee on Aging. She noted that the act looks to establish a sustainable approach to supporting PACE, which includes streamlining site approval and expansion processes and improving affordability for Medicare-only beneficiaries.

"The PACE Plus Act aims to help existing PACE sites grow by removing barriers to enrollment and development," Baker added. "The act also aims to foster new PACE operations, with the potential to create significant opportunities for older adults to join PACE."

The opportunity for growth was a recurring theme of the CareVention HealthCare summit. Talks also shed light on trends in PACE services. 

"PACE organizations represented at the summit reported heightened attention to home-based care," said TRHC Co-Founder and President, Orsula V. Knowlton, PharmD, MBA. "Organizations are further leveraging technology in their services, while remaining flexible in light of today's changing environment."

Sessions addressed use of tablets, smartphones, laptops, and other devices, along with mobile health vans, new outreach methods, and social supports. Presenters included Maria Zamora, MBA, Chair of the National PACE Association Board of Directors and President and CEO of Center for Elders' Independence; Thelma Pittman, MBA, Chief Finance Officer of Cherokee Elder Care PACE; and Daniel Drake, President and CEO of Trinity Health PACE.

"Technology is on the rise for our type of business, home- and community-based services, and that's one of the reasons I've loved working with CareVention and CareKinesis over the years," Drake noted during his presentation. "They're very proactive, and they're a step ahead of technology in their business, and I think as PACE providers, we need to do that for our programs."

This is the third year that TRHC has hosted the CareVention HealthCare summit. The event catered to in-person and virtual participants. Beyond scheduled presentations, it offered opportunities for networking and continued discussion.

About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) (NASDAQ: TRHC) provides medication safety solutions that empower healthcare professionals and consumers to optimize medication regimens, combatting medication overload and reducing adverse drug events – the fourth leading cause of death in the US. TRHC's proprietary technology solutions, including MedWise®, improve patient outcomes, reduce hospitalizations, and lower healthcare costs. TRHC's extensive clinical tele-pharmacy network improves care for patients nationwide. Its solutions are trusted by health plans and pharmacies to help drive value-based care. For more information, visit TRHC.com.

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SOURCE Tabula Rasa HealthCare, Inc.

FAQ

What is the significance of the PACE Plus Act for TRHC?

The PACE Plus Act aims to streamline site approval processes and improve affordability for Medicare beneficiaries, which can enhance TRHC's growth opportunities.

What trends were highlighted at the TRHC CareVention HealthCare Summit?

The summit mentioned increased attention to home-based care and the leveraging of technology in PACE services.

How does TRHC's technology impact patient care?

TRHC's technology solutions, such as MedWise®, improve patient outcomes and reduce hospitalizations by optimizing medication regimens.

What were the key topics discussed at the 2021 CareVention HealthCare Summit?

Key topics included the PACE Plus Act, trends in PACE services, and the role of technology in enhancing care delivery.

How has the CareVention HealthCare Summit evolved over the years?

This is the third year of the summit, which has continued to facilitate discussions and networking opportunities for PACE executives.