• One-on-One: The pharmacist checks in regularly with the patient and ensures he or she is taking medications as prescribed and verifies the patient is following health and wellness guidelines while checking into any related problems such as adverse reactions to medications.
• Bridges the Healthcare Gap: The pharmacist keeps in touch with other healthcare providers, such as the doctor (or a number of doctors), bridging the gap and keeping track of every aspect of the patient's health.
• Saves Lives: According to the National Pharmaceutical Council and American Hospital Association, more than 125,000 Americans die from medication mismanagement every year. This is more than twice the number of people killed on American roadways.
• Saves Money: A patient taking his or her medication correctly is a patient who's likely to be in good health sooner. This means that using medication therapy management saves patients money in the long run by allowing them to buy less medication. It also reduces pharmacy costs due to less labor required since patients are healthier. At the same time, the country's overall healthcare spending will also experience a significant decline.
Multiple studies has been performed to demonstrate the positive outcomes that MTM provides both clinically and financially.
Iowa Medicaid Pharmaceutical Case Management Program +One example consists of the Iowa Medicaid Pharmaceutical Case Management Program. This program pays pharmacist-physicians to manage the medication regimens of qualified Medicaid beneficiaries. Over a 2 year evaluation period, the appropriateness of the patients medications improved and the use of high-risk medications decreased by 25%.
Centers for Medicare and Medicaid Services Demonstration Project +Another example would include a CMS demonstration project in Connecticut which evaluated the impact of MTM services provided by nine pharmacists to 88 Medicaid patients over a 10-month period. Pharmacists were able to identify 917 medication related problems and resolved approximately 80% of them which resulted in annual savings of $ 1,595 per patient.
Clinical and economic outcomes: The Minnesota experience +In this study, 637 drug therapy problems were resolved among 285 intervention patients, and the percentage of patients’ goals of therapy achieved increased from 76% to 90%. Total health expenditures decreased from $ 11,965 to $ 8,197 per person. The reduction in total annual health expenditures exceeded the cost of providing MTM services by more than 12 to 1.
Finally, another study demonstrates that the incidence of adverse drug events has fallen by 49% when MTM is implemented and majority of patients whose conditions were once “out of control” are now “under control”.