New Organizational Structure to Improve Efficiency, Accommodate Growth
ST. LOUIS and MOORESTOWN, N.J., April 04, 2018 — Capstone Performance Systems, a subsidiary of Tabula Rasa HealthCare, Inc. (“TRHC”) (NASDAQ:TRHC), today announced that George “Mike” Brett, MD, has been named Senior Vice President of Consulting. Dr. Brett, who retains his title of Chief Medical Officer for Capstone, will oversee Capstone’s new Consulting Services team. Capstone Performance Systems provides expert Medicare risk adjustment services to Programs of All-Inclusive Care for the Elderly (PACE) and similar healthcare organizations to ensure proper reimbursement and optimal utilization of services and funds.
“As our physician lead, Dr. Brett enjoys broad admiration from Capstone clients, because of his unique skills in making clinical documentation excellence training relevant, achievable and enjoyable,” said Richard Schamp, MD, CEO of Capstone Performance Systems. “We are confident Dr. Brett will provide the leadership and energy to advance our Consulting Services team and serve the mounting needs of the market.”
Capstone Performance Systems continues to expand its presence in both the PACE and non-PACE markets. As US healthcare moves increasingly toward risk-adjusted payment models, the company has evolved its organizational infrastructure to serve its growing market. “Our physician client base nearly doubled in 2017, and we are training nearly 400 physicians in more than 60 organizations from coast to coast,” Dr. Schamp continued. “To meet this demand, we tapped Dr. Brett to lead our Consulting Services team, which uses both technology and human expertise to address our clients’ needs for scalability.”
Dr. Brett has more than 30 years of experience in geriatric medicine and long-term care. Prior to joining Capstone Performance Systems in 2014, he served as the medical director for LIFE programs at Lutheran Senior Life in Western Pennsylvania. LIFE (Living Independence for the Elderly) is part of the National PACE Program. Dr. Brett was also in private practice specializing in internal medicine and geriatrics. He is a frequent presenter on topics including polypharmacy in the elderly and risk adjustment.
About Capstone Performance Systems
Capstone Performance Systems specializes in helping organizations adjust processes and systems to capture timely, complete and accurate data. Expert staff deliver provider-to-provider/staff training in documentation and diagnosis coding; analyze data collection and submission processes; and deliver meaningful analytics for understanding the complexities of Medicare risk adjustment. Managing Medicare risk scores can have a significant impact on an organization’s performance and revenue. Capstone is a Tabula Rasa HealthCare company. For more information, visit www.CapstonePerformanceSystems.com.
This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC, including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 14, 2018, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website http://ir.trhc.com or upon request from our Investor Relations Department. Any forward-looking statement speaks only as of the date on which it was made. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.
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