ScriptSave WellRx and Sinfonia announce medication therapy management partnership

ScriptSave WellRx partners with SinfoniaRx to enhance patient experience with no-cost, convenient access to licensed medical professionals

New York, NY. February 06, 2018 – ScriptSave® WellRx, a prescription savings website and mobile app, and SinfoníaRx, a subsidiary of Tabula Rasa HealthCare (NASDAQ:THRC), a technology company optimizing medical safety through proprietary software solutions and decision support tools, have announced a partnership that will make Medication Therapy Management (MTM) available by phone at no cost to consumers who use the ScriptSave WellRx website or app.

Medication Therapy Management (MTM) programs allow pharmacists to interact directly with patients to optimize the effectiveness and safety of their medication regimens. MTM helps to ensure patients follow their prescription drug regimens through enhanced communications, leading to fewer adverse drug events (ADEs) and overall improved health outcomes.

“Rising costs for prescription medications, combined with the increasing number of health benefit designs that include higher out-of-pocket spend, have placed a bigger financial burden on the patient,” said Marcus Sredzinski, PharmD and Chief Operating Officer of ScriptSave WellRx. “This financial hardship can lead to poor medication adherence and compliance. We are excited to offer ScriptSave WellRx as a tool to help consumers stay on their medication therapy for better health outcomes.

“As one of the nation’s premier medication management companies, SinfoníaRx’s pharmacists bring an important component to ScriptSave WellRx, offering medication information to our members if they have a question about drug interaction, dosage or alternatives,” said Sredzinski.

The Need for Medication Therapy Management

Patients frequently leave their doctor’s office only to discover later they have questions about their prescribed medications. Questions about dosage, side effects, alternative options, and payment options are not uncommon. MTM connects patients with pharmacists to address these concerns and enhances a personalized approach to medication management. Under this partnership, SinfoníaRx will provide clinical pharmacists, while the ScriptSave WellRx technology will connect patients with these pharmacists via their free mobile app.

“By partnering with ScriptSave WellRx, we are helping patients use the latest technology to better understand their medication regimen,” said Kevin Boesen, PharmD, CEO of SinfoníaRx. “As pharmacists, we care about optimizing an individual’s medication therapy. This partnership will ultimately help ensure that patients take their medications correctly and stick to their regimen.”

The partnership will give more than half a million ScriptSave WellRx users access to this free customized care. By improving communication and providing important information, programs like the ScriptSave WellRx ‘Ask A Pharmacist’ MTM program with SinfoníaRx can help prevent deaths, needless hospitalization, unnecessary medical bills, and increased strain on America’s healthcare system.

“ScriptSave already offers patients important information and services regarding their prescriptions,” said Sredzinski. “By partnering with SinfoníaRx, our pharmacists will encourage patients to be proactive about their health and get answers about their medications after leaving the doctor’s office and pharmacy.”

About ScriptSave WellRx

ScriptSave WellRx, owned by parent company Medical Security Card Company, LLC (MSC) and a member of the MedImpact, Inc. family of companies, offers savings on prescription medicines at more than 62,000 local and chain pharmacies, nationwide. ScriptSave WellRx is an online resource that makes prescription medicines more affordable and easier to manage for people who are uninsured, underinsured, or insured with high deductible plans.

About TRHC and SinfoníaRx

TRHC (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable health care organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. TRHC provides solutions for a range of payers, providers and other healthcare organizations. SinfoníaRx is a Tabula Rasa HealthCare company. For more information, visit TRHC.com.

Forward-Looking Statements

This press release includes forward-looking statements that we believe to be reasonable as of today’s date, including statements regarding Medication Risk Stratification and/or Medication Therapy Management under the new scope of work.  Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions.  These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release.  Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC,  including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 14, 2017, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website https://ir.trhc.com or upon request from our Investor Relations Department. Any forward-looking statement speaks only as of the date on which it was made. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.


Download the free WellRx app from the iOS app store or the Google Play Store,
and get registered to take advantage of our free medication adherence tools.

If you’re struggling to afford your medications,
visit www.WellRx.com to compare the cash discount price at pharmacies near you.
You may find prices lower than your insurance co-pay!

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Impacts to Out-of-Pocket Prescription Drug Costs

TUCSON, AZ (February 16, 2017) – A December 2016 analysis by the Kaiser Family Foundation illustrates how prescription medications will be a large portion of overall healthcare spending, and how branded drug prices have nearly doubled. The analysis also explains that 1-in-4 people have difficulty affording their medicines, and that most Americans favor actions to keep drug prices down, (Kaiser Family Foundation, 2016).

Unfortunately, a repeal and replacement of the Affordable Care Act (ACA-Obamacare) could end up increasing drug costs to insured consumers and leaving millions of Americans uninsured. A report written by the Congressional Budget Office states, “repealing major provisions of the Affordable Care Act, while leaving other parts in place, would cost 18 million people their insurance in the first year and an estimated 32 million people in 2026,” (Congressional Budget Office, 2017). The study also projects that insurance premiums would increase by 25 percent in the first year, then double by 2026.

Regardless of the changes made to the ACA, the end-result will have detrimental impacts on the American healthcare coverage. Even a partial repeal could include heavy changes that will increase costs to consumers.  Insurance plans may no longer be required to cover essential health benefits (EHB) in accordance with benchmark plans. Examples of the potential impacts include:

  • Removal of no-cost preventative coverage
  • Restrictions on maternity and family planning coverage
  • Exclusions of prescription drugs for many diseases and conditions
  • Elimination of prescription drug coverage altogether

The message is clear, even for those retaining their insurance – Americans will be shouldering more out-of-pocket costs for prescription drugs.

“Any reduction in benefits to emerge from a replacement of the law, especially to the essential minimum benefit set, would likely drive patients without adequate drug coverage to seek solutions to combat high priced prescription drugs,” stated Rory Rickert, Principal with QuarterLine Consulting, a national healthcare consulting and services firm.  “I expect that changes to the Affordable Care Act would, if anything, result in increased demand for pharmacy discount programs like those offered by ScriptSave,” added Rickert.

To help populations gain some relief from the upcoming change in their healthcare, ScriptSave® WellRx provides an alternative to paying full price for prescription medications. WellRx enables individuals to compare prices at local pharmacies, look up drug information, and setup reminders. Through a partnership with SinfoníaRx, members can even consult with a pharmacist to ask detailed questions about the medications they are taking.

Not only does WellRx give discounts on prescriptions not covered by insurance, it may even provide discounted prices lower than insurance copays. The program is available as a stand-alone for consumers (wellrx.com), white-labeled option for organizations, or an integrated solution for health care organizations (WellRx Connect).

“The future of healthcare is uncertain at this time, but no matter the outcome, no one should ever overpay for prescription medications. ScriptSave can help healthcare consumers with high deductible health plans, limited insurance, or no health insurance at all,” said Marcus Sredzinski, COO and Executive Vice President, ScriptSave. “Our products help consumers save money on prescriptions, understand their medications and, most importantly, remain adherent.  We can help organizations and individuals impacted by the repeal and replacement of ACA, or any changes to their insurance status,” added Sredzinski.

This may be especially poignant in light of recent data published by PatientsLikeMe. From a poll of over 2,000 patients, their survey showed:

  • 65.5% stated that lower costs for prescription medications was a top priority
  • A further 30.8% rated lower Rx costs as being important
  • Fewer than 4% had little-or-no concern about prescription prices

Furthermore, it’s not just patients with existing health conditions that rank lower prescription costs as a priority – the general public seems to agree. Data from a December 2016 Kaiser Health Tracking Poll found that lowering the cost of prescription drugs was listed as being important or a priority for 89% of the general population.

When opinions like these are voiced, ScriptSave is ready to help by doing what they do best, lower the out-of-pocket costs of prescription medications for consumers.

ScriptSave’s long-standing mission has been to close the gaps in prescription coverage, and has a 20-year history of working with health plans and pharmacies to provide consumers with discounts on prescribed medications. ScriptSave’s WellRx solutions are not only designed to assist consumers directly but can be utilized by employers, employer groups, health plans, PBMs, and other organizations to assist their populations with prescription adherence, savings, and information. The WellRx savings network includes about 62,000 independent and chain pharmacies. In 2016 alone, ScriptSave earned members more than $1.3 Billion in savings.

References:

The Henry J. Kaiser Family Foundation. Analysis of National health expenditure Historical and Projected data from Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Statistics Group (Assessed on December 16, 2016). https://kff.org/slideshow/what-are-the-recent-and-forecasted-trends-in-prescription-drug-spending/

Congressional Budget Office (January 2017). How Repealing Portions of the Affordable Care Act Would Affect Health Insurance Coverage and Premiums. https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52371-coverageandpremiums.pdf

PatientsLikeMe (February 2017). Largest Patient Poll on ACA Shows Patients Value Health Care Law More Than the General Population, Are Less Inclined to Want a Repeal. https://news.patientslikeme.com/press-release/largest-patient-poll-aca-shows-patients-value-health-care-law-more-general-population-

The Henry J. Kaiser Family Foundation (January 6, 2017). Kaiser Health Tracking Poll: Health Care Priorities for 2017. https://kff.org/health-costs/poll-finding/kaiser-health-tracking-poll-health-care-priorities-for-2017/

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About ScriptSave:

For more than two decades, ScriptSave has been closing the gaps in healthcare and prescription coverage with innovative savings programs for the uninsured, under-insured, and insured. Headquartered in Tucson, ScriptSave solutions, analytics, and unique expertise save consumers money and increase medication adherence, while attracting and retaining loyal, profitable customers, members, and patients for our clients. ScriptSave is a member of the MedImpact, Inc. family of companies. For more information, go to www.scriptsave.com. Follow us: @SSWellRx (Twitter), ScriptSave WellRx (Facebook).

About QuarterLine:

QuarterLine is a health-focused services company specializing in providing Information Technology, Clinical, and Professional services to federal and private sector customers. QuarterLine supports a diverse client base in all areas of health, including navigating the complex regulatory and business environments, emerging health programs, and technology. QuarterLine’s mission is to provide the right level of support at the right time to our customers to ensure that the outcome of the initiative or the resulting technology delivers the needed results to improve healthcare delivery and increase efficiency. QuarterLine is headquartered in Herndon, Virginia. www.quarterline.com

About SinfoníaRx:

SinfoníaRx, a wholly owned subsidiary or Sinfonía Healthcare Corp, is an innovative health care company whose mission is to provide the highest quality healthcare solutions for health plans, patients, and caregivers. We improve the health and wellness of patients with complex and chronic illnesses through the use of innovative healthcare technology and the most experienced medication therapy management providers in the nation.  www.sinfoniarx.com

 

ScriptSave Contact:

Shawn Ohri, Vice President of Business Development
sohri@scriptsave.com

QuarterLine Contact:

Rory L. Rickert, Principal
480-451-0148
rrickert@quarterline.com

Sinfonía Contact:

Kevin Boesen, 520-499-3376
KPBoesen@sinfoniarx.com

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