Healthcare Business Review Weekly Brief
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The increasing prevalence of chronic conditions like diabetes and cardiovascular disease in the United States is driving up the demand for effective medication management solutions. These chronic conditions are particularly impactful on older adults, leading to long-term treatment plans. However, high prescription drug costs often prevent these individuals from accessing the treatments they need.
Pharmacies are now focusing on providing more than just medications, aiming to enhance medication management practices by utilizing advanced technologies such as artificial intelligence (AI), machine learning (ML), and IoT. This enables them to offer a wide range of healthcare services, including chronic disease management, virtual specialty care, and medication therapy management (MTM). It also helps patients manage symptoms, prevent complications, and ultimately improve their health.
Such advancements improve the accuracy, efficiency, and safety of medication administration while reducing the risk of errors and adverse drug events. For example, AI-powered medication reconciliation algorithms can identify potential drug interactions or duplications, enabling healthcare providers to make more informed prescribing decisions. Furthermore, integrating electronic health records (EHRs) with medication management systems improves communication and interoperability across healthcare settings.
There are various companies today that offer technical services to help pharmacists focus on providing patient care. The latest edition of Medication Management 2024 showcases MyCabinet, a health and wellness app, offering a smarter, more organized, and 24/7 available virtual cabinet to safeguard health.
The edition also features interviews with industry leaders, providing insights into the latest developments and trends in the medication management sector. Experts such as Piyal Sen, Medical Director and Consultant Forensic Psychiatrist at Elysium Healthcare, and Ricky Ogden, Director of Pharmacy at Children’s Mercy Kansas City, share their perspectives on industry challenges and emerging trends. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
MyCabinet is a virtual medicine cabinet empowering individuals and caregivers to manage medications, refills, reminders, drug interactions and health data, for an unparalleled user experience. It minimizes adverse health outcomes and increases overall health and wellness by providing an unparalleled approach to managing chronic conditions and family health.
Agadia Systems is a healthcare technology company based in Parsippany, New Jersey. It specializes in developing authorization software, including electronic prior authorization, medication therapy management, and grievance management services. The company’s software solutions assist in automating prior authorization for prescription drugs, medical services, and durable medical equipment.
Arine develops a medication therapy management (MTM) platform for the healthcare sector that offers services such as patient cost management, prescribing analytics, clinical analysis and reporting, and medication automation. Its mission is to ensure that every individual receives the safest, most effective, and most appropriate treatment for their healthcare needs.
Bluesight is a medication intelligence company that uses artificial intelligence and machine learning to reduce risks and solve supply chain inefficiencies in healthcare. Its solutions include KitCheck, CostCheck, and ControlCheck for medication management, pharmacy purchasing optimization, and drug diversion monitoring, respectively.
Capsa Healthcare has been a pioneer in the health IT, medication management, and pharmacy automation industries for over 60 years. It develops and manufactures point-of-care workstations, medication management solutions, procedural/ supplies storage, and pharmacy automation systems that elevate its customers’ performance by understanding their challenges and offering high-quality, integrated solutions.
Compliance Meds Technologies (CMT) is a digital health technology solutions company with a mission to connect caregivers and empower patients to live better, healthier lives. Its patient-first, data-driven digital health platform improves medication adherence habits and patients’ quality of care.
Curenta is an Assisted Living Facility EMR software trusted by over 550 long-term care facilities. It streamlines medication management, minimizes manual work, and provides real-time patient information. With features like synced patient records, eMAR, and mobile push notifications, Curenta enhances clinical care for senior living communities.
Extended Care Professional provides a complete web based software suite for assisted living and long-term care communities. Its platform includes eMAR, EHR, care plans, CRM, and billing. With a user-friendly design, the company streamlines workflows from prospect to move-in to clinical to billing. The platform’s features include reducing medication errors, improving oversight, and ensuring accurate billing.
Hero Health is a groundbreaking service that simplifies medication management. Its smart dispenser, about the size of a coffee maker, automatically dispenses every dose according to your personalized schedule. With the company’s app, patients receive alerts and feedback, ensuring they never miss a dose.
Medminder Systems is an all-in-one pharmacy and adherence solution that combines a full service pharmacy with a smart pill dispenser. It delivers prescriptions to your home, making it easier to manage patients’ medication regimens. The company’s advanced remote-locking pillbox reduces caregiver and patient stress, ensuring patients take the right medication at the right time.
