Ensuring continuity of care through transitions of care management
Transitions of Care Management (TCM) solutions to ease transitions from hospital to post acute care facilities (PAC)
PharmD Live's TCM solutions begin in the acute setting and extend well into recovery. With PharmD Live TCM solutions, patients and providers can avoid medication-related problems during the transition by streamlining medication lists and instructions and receiving pharmacist-led coordinated care.
The PharmD Live TCM Solution Works to:
- Reduce hospital readmission rates
- Decrease healthcare costs
- Improve patient outcomes
The Growing Importance of TCM
To be successful in today’s dynamic and complex healthcare system, caregivers must provide value-based care to patients who are better informed and inspired to participate in their own care plan. Furthermore, with The Affordable Care Act's Hospital Readmissions Reduction Program (HRRP), hospitals and post acute care facilities (PACs) with comparatively high rates of Medicare readmissions are financially penalized for readmissions within 30 days of discharge for the following disorders: heart failure (HF), acute myocardial infarction (AMI), pneumonia (PN), chronic obstructive pulmonary disease (COPD), and total hip arthroplasty/total knee arthroplasty (THA/TKA).
Comprehensive Medication Management
Errors in medication management lead to almost 1.5 million avoidable adverse drug events (ADEs) a year at a cost of more than $3 billion. The Center for Disease Control (CDC) reports that three out of four American residents age 65 and older are taking multiple medications due to multiple chronic conditions.
Seven of 10 patients experience a medication error at hospital or PAC admission or discharge, and one of every three of these errors can be harmful to the patient. Patients with complicated medication regimens, numerous medical conditions, and poor social support are at greater risk of treatment problems during care transitions.
In addition, 18 to 20 percent of Medicare patients are readmitted within 30 days of hospital discharge. Of these readmitted patients, 50 percent are never seen by a subsequent provider in the time between discharge and readmission. Medicare reimbursement for unplanned readmission costs an average of $7,200 per patient.