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In 100 Words or Less - The Pharmaceutical Needs of LTC Facilities Today(June 16, 2014)
Dan Haron, President & Chief Executive Officer, NuscriptRX, and a solution provider at the marcus evans Long-Term Care CXO Summit Fall 2014, on serving the pharmaceutical needs of LTC facilities.
LONDON, June 16, 2014 - (ACN Newswire) - On average, long-term care patients are on 13 to 18 different medications, so ensuring that the right product is administered to the right patient at the right time can be a challenge, according to Dan Haron, President & Chief Executive Officer, NuscriptRX. Adding economic and regulatory pressures on top of that, it becomes clear why Haron encourages LTC facilities to look at technologies that process prescriptions efficiently and help put the focus back on patient care.
NuscriptRX is a solution provider at the marcus evans Long-Term Care CXO Summit Fall 2014, in Palm Beach, Florida, July 14-15.
- In just a few words, how is the LTC industry changing today?
The industry is evolving and facilities have much more responsibility for the rehabilitation of patients, as they are transferred out of a hospital following an event, rehabilitating them so they can ultimately be moved through assisted living or back to home care. The length of stay on a high percentage of patients is less because of that, so the pharmacy dispensing cycle should also be shorter.
- Why do LTC facilities need an "in-house pharmacy"?
- How could they lower the per patient per day cost?
This is an area where we play a critical role. Many products are now available generically, and we try to maximize the dispensing of generic drugs. We also work with the facilities around compliance on medications and the prevention of adverse reactions to avoid the patient having to be readmitted to the hospital, which drives up healthcare costs.
- What opportunities do facilities underutilize today? What could they capitalize on?
The pharmacy plays a big role around the star rating for Centers for Medicare and Medicaid Services (CMS). Ensuring the facility is adhering to state and federal regulations, positioning it to a higher level of reimbursement through its CMS ratings, that is an area they could look into.
- How could they maximize reimbursement?
Reimbursement can be maximized through the use of specialty pharmacy medications. There are more and more specialty pharmacy products available, which are more expensive than other products. As we look to the future, specialty pharmaceuticals will get us into diagnostic testing and personalized medicine. Thus in a treatment for oncology, if specialty products are available, we will be using more diagnostic tests, so the physician can prescribe a product that is more effective for the specific patient.
About the Long-Term Care CXO Summit Fall 2014
This unique forum is taking place at the Eau Palm Beach Resort & Spa, Palm Beach, Florida, July 14-15, 2014. The Long-Term Care CXO Summit is the premium forum bringing senior level executives and solution providers together. The Summit offers an intimate environment for a focused discussion of key new drivers shaping the long-term care industry.
For more information please send an email to firstname.lastname@example.org or visit the event website at www.longtermcaresummit.com/DanHaronInterview
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Please note that the Summit is a closed business event and the number of participants strictly limited.
NuScriptRX is able to reduce costs while improving medication access without the geographic limitations of the traditional courier-based delivery model. By deploying their proprietary eMed-Stat(TM) and PharmCom(TM) medication access and innovative communications technologies, NuScriptRX provides timely, cost-effective and safer administration of medicines to long-term care nursing facilities in eight states from one pharmacy center in Nashville, Tenn. This enables the company to provide a higher level of service and cost-saving solutions to customers through reduced drug waste and improved access to medication 24 hours a day, 7 days a week. Please visit www.nuscriptrx.com.
About marcus evans Summits
marcus evans Summits are high level business forums for the world's leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com.
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