Moorestown, NJ and St. Louis, MO (March 26, 2019) – Tabula Rasa HealthCare (NASDAQ:TRHC) subsidiary Capstone Performance Systems, a St. Louis company offering comprehensive consulting and services to Programs of All-inclusive Care for the Elderly (PACE) and other at-risk healthcare organizations, today announced a new Precluded Providers report to be offered by its Peak Health Plan Management service line. PACE is a federal program benefiting individuals 55 and older who are nursing home eligible. PACE includes 240 centers in 31 states serving a growing number of eligible Medicare and Medicaid participants. The goal of the program is to keep participants living at home in their communities for as long as possible.
On January 1, 2019, the US Centers for Medicare and Medicaid Services (CMS) published a Precluded Providers list of healthcare providers and prescribers who are barred from receiving payment for services, health care items or Part D drugs furnished or prescribed to Medicare beneficiaries. Effective April 1, 2019, PACE organizations must reject or deny payments for those services furnished or prescribed by providers and prescribers on the preclusion list.
“We are pleased to announce Peak’s new service, which will be provided to clients at no additional cost,” said Patty Bailey, CEO of Peak Health Plan Management. “The Precluded Provider service will help ensure our clients remain compliant with CMS regulations.”
Peak will compare each plan’s providers to the monthly preclusion list and report the results to the client. The new offering is one of several enhancements to customer services that Peak has implemented since being acquired by Capstone in 2018. The Peak team is committed to working with clients to improve efficiency and satisfaction.
For more information about the new Precluded Provider report and other Peak services, visit CapstonePerformanceSystems.com.
About Capstone Performance Systems
Capstone Performance Systems offers a comprehensive menu of services for Programs of All-inclusive Care for the Elderly (PACE) and other healthcare organizations operating within an at-risk financial model. Capstone’s PACE Technical Assistance Center (TAC) partners with organizations at all stages, from exploring PACE to ongoing operations. Expert Medicare risk adjustment consulting and HCC coding and auditing services help at-risk organizations optimize compliance and revenue. Peak Health Plan Management’s complete Third Party Administrator (TPA) services support organizations in managing business functions that drive reimbursement and utilization. Visit CapstonePerformanceSystems.com for more information. Capstone Performance Systems is a subsidiary of Tabula Rasa HealthCare (NASDAQ:TRHC) and operates within TRHC’s CareVention HealthCare Division.
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 patient outcomes, lower healthcare costs and improve organizational performance. Medication risk management is TRHC’s lead offering, and its cloud-based software applications provide solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com. Follow us on Twitter @TabulaRasaHC for up-to-date information.
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.
Bob East or Asher Dewhurst