Rx Management Consultants believe there are two fundamental factors that drive the need for MTM services, rising healthcare expenditures and medication related adverse events.
Increasing costs of healthcare, high levels of national debt and an aging population are putting a strain on the system as a whole and is making it difficult for healthcare providers to offer the best care for patients. Everyone from policy makers to physicians and patients are aware that steps need to be taken to reduce the growing cost of healthcare expenses while retaining and improving the quality of patients’ care. Medication-related problems and medication mismanagement are a massive public health problem in the United States. Experts estimate that 1.5 million preventable adverse events occur each year that result in $177 billion in injury and death. Every person that uses prescription medications, non-prescription medications, herbals, or other dietary supplements could potentially benefit from medication therapy management services.
Medication Therapy Management services play a vital role in maximizing therapeutic results and reducing financial burdens to the healthcare system. MTM includes medication therapy reviews, pharmacotherapy consults, disease state management, pharmacogenomics applications, immunizations, health and wellness programs and many other clinical services. Pharmacists provide MTM to help patients get the best benefits from their medications by actively managing drug therapy and by identifying, preventing and resolving medication-related problems. Pharmacists can work with patients to optimize medication use, avoid, prevent or resolve medication related problems and helping them to live happier, healthier and more productive lives.