This startup provides a medication reconciliation platform that automates the process for care teams at the point of care. It combines medication information from electronic health records, prescription claims databases, and patient interviews to optimize medication regimens for high-risk patients, integrating pharmacist review into ongoing care.
Funding
Funding not disclosed
Founders
Product
Problem
High-risk patients, particularly those with multiple chronic conditions and complex medication regimens, face a significant risk of adverse drug events and hospital readmissions during transitions of care. Incomplete or inaccurate medication information at discharge or admission to a new care setting can lead to medication errors, therapeutic duplications, or omissions of crucial medications. This lack of comprehensive medication management contributes to preventable hospitalizations and increased healthcare costs.
Solution
ActualMeds offers a medication management platform, InConcert Medication Management (ICMM), that automates medication reconciliation and provides comprehensive medication management services across the care continuum. The platform aggregates and validates patient medication data from various sources, including electronic health records, claims data, and patient interviews, ensuring accurate and up-to-date medication histories. ActualMeds' Pharmacist on Demand (POD) service provides access to a national network of clinical pharmacists who conduct medication reviews, identify potential drug therapy problems, and develop personalized medication action plans. By integrating with existing EHR and care management systems, ActualMeds facilitates seamless information sharing and improves care coordination, reducing medication errors and improving patient outcomes.
Target Audience
ActualMeds serves payers, including managed care organizations and Medicare Advantage plans, seeking to improve medication adherence and reduce hospitalizations, as well as providers, such as integrated delivery networks, ACOs, and skilled nursing facilities, aiming to enhance care transitions and reduce readmission rates.
Features
- Automated medication reconciliation at transitions of care, including admission and discharge
- Aggregation of medication data from EHRs, claims databases, and patient-reported information
- Clinical decision support tools to identify potential drug interactions, therapeutic duplications, and other medication-related risks
- Integration with EHR and care management systems for seamless data exchange
- Condition-specific risk frameworks for optimizing medication regimens for patients with chronic diseases
- Pharmacist on Demand (POD) service providing access to clinical pharmacists for medication reviews and patient counseling
- Predictive analytics to identify high-risk patients and prioritize interventions
- Support for government quality and compliance programs, including Medicare Advantage STARs and Part D Medication Therapy Management (MTM)