PharmMD Changes Company Name to AdhereHealth
BRENTWOOD, Tenn., March 12, 2019 /PRNewswire/ -- PharmMD™, a leading healthcare technology company focused on medication adherence, has changed its company name to AdhereHealth™. The new name reflects its vision of better health through adherence by resolving social determinants and other barriers to care.
AdhereHealth's proprietary technology platform, Adhere™, targets an estimated $300 billion in annual unnecessary medical costs caused by gaps in medication adherence. The Adhere solution suite creates a unique and powerful combination that improves value-based care outcomes through medication adherence, medication therapy management (MTM) and pharmacy delivered to the home. This is key to improving value-based performance for commercial populations and government sponsored programs such as Medicare Advantage Star Ratings, Medicaid Pay for Performance (P4P), Commercial ACA Quality Rating System (QRS) and Accountable Care Organizations (ACOs). AdhereHealth currently works with seven of the top 10 health plans across the nation and touches nearly 10 million consumers.
For more than a decade, AdhereHealth has partnered with health plans and employers to improve quality measures and reduce medical costs. Typical program outcomes for clients include 1-2 Medicare Advantage Stars improvement per year for triple-weighted medication quality measures and a 4-to-1 medical cost reduction ROI for employers. AdhereHealth's offerings are available to clients as part of a full-risk partnership or through SaaS (software-as-a-service).
"The launch of the AdhereHealth brand marks a significant step in our company's evolution and growth," said Jason Z. Rose, AdhereHealth CEO. "Our Adhere platform provides a disruptive set of solutions to drive consumer adherence and value-based care outcomes through technology and engagement."
The Adhere platform uses advanced analytics, home-delivered pharmacy and AdhereHealth's national footprint of licensed clinicians to resolve gaps in care. This unprecedented combination enables a unique guaranteed fee structure for each consumer medication adherence conversion.
Technology-enabled solutions in the Adhere platform include Resolve™, AdhereHealth's comprehensive medication adherence offering for quality measure improvement, and OptimizeMTM™, an MTM offering that expertly navigates clinical workflow.
AdhereHealth's pharmacy, AdhereRx™, provides home-delivered pharmacy to high-acuity consumers who need ongoing medication counseling for polypharmacy management. Adhere analytics are integrated into Resolve and OptimizeMTM clinical workflows to identify consumers who would benefit from AdhereRx's high-touch pharmacy. This data-driven approach creates a positive experience for the consumer and promotes medication adherence through a comprehensive engagement program that meaningfully improves healthcare outcomes.
Learn more about AdhereHealth at www.adherehealth.com.
AdhereHealth™ is a healthcare technology solutions leader supporting health plans, self-insured employers and other risk-bearing entities for medication adherence insights and improved healthcare outcomes. The company's Adhere™ platform touches nearly 10 million consumers through advanced technologies, at-risk engagement services and home-delivered pharmacy. The integrated set of solutions address an estimated $300 billion of unnecessary annual medical costs attributed to medication adherence issues. The company is headquartered in the Nashville suburb of Brentwood, Tennessee. For more information, please visit www.adherehealth.com.
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