TRHC Signs Agreement to Provide CareVention HealthCare Services to New PACE Organization


Tabula Rasa HealthCare Corporation (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, announced an agreement with a newly established Program for All-inclusive Care of the Elderly (PACE) in Jacksonville, Florida. Known as PACE Place, the program is sponsored by Community Hospice &Palliative Care®.

“We’re very excited to collaborate with TRHC for products and services that support high-quality care delivery,” said Executive Director of PACE Place, Mary Kiefert. “TRHC’s various services will help us better manage the care of our participants and ultimately improve quality of life for our seniors and their loved ones.”

TRHC’s CareVention HealthCare division will provide comprehensive medication management and pharmacy distribution services to PACE. Additionally, CareVention will provide electronic health record (EHR) and third-party administration (TPA) services, including regulatory compliance and financial management. CareVention provided technical assistance consulting for the past year as the organization developed its PACE program.

PACE Place is expected to begin serving participants in March of 2020.

“We are honored to have been chosen for our medication safety, EHR and TPA services and pleased to be collaborating with PACE Place,” said TRHC President Orsula V. Knowlton, PharmD. “We look forward to working more closely with PACE Place as it prepares to welcome its first participants.” 

Samira K. Beckwith, MSW, president of Florida PACE Providers and a member of TRHC’s Board of Directors, welcomed PACE Place to the growing group of PACE organizations providing much needed care to older adult residents in the state. “With the addition of PACE Place in the Jacksonville community, the State of Florida further expands access to quality healthcare for those who need nursing home care, but who prefer to remain in their own homes,” Beckwith explained. “We welcome PACE Place and wish it the best in pursuing its mission to serve the aging population in the Jacksonville area.” 

PACE is a federal program providing comprehensive medical and social services to individuals 55 and older who are nursing-home eligible. The goal of PACE is to keep participants living in their own communities and to provide quality medical care. Currently, 131 PACE programs operate 263 PACE centers in 31 states, serving over 51,000 participants.

TRHC supports Florida PACE programs in Fort Myers, Miami, St. Petersburg, Tampa and Palm Beach.

About Tabula Rasa HealthCare
Tabula Rasa HealthCare (TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize performance to improve patient outcomes, reduce hospitalizations, lower healthcare costs, and manage risk. Medication risk management is TRHC’s lead offering, and its cloud-based software applications, including EireneRx® and MedWise™, provide solutions for a range of payers, providers and other healthcare organizations. For more information, please visit tabularasahealthcare.com



February 27, 2020


Topic Area: Press Release


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