TUCSON, Ariz., June 3, 2015 (GLOBE NEWSWIRE) -- Medication therapy management (MTM) technology developed by SinfoníaRx will now be utilized by Walmart pharmacies to improve patient health outcomes. SinfoníaRx's technology, originally developed by researchers and faculty at the University of Arizona College of Pharmacy, is currently used by pharmacists at the University of Arizona and The Ohio State University to monitor prescription use for approximately 300 health plans representing more than 6 million patients nationally.
"We are incredibly excited to launch this new program with Walmart," said Kevin P. Boesen, founder and CEO of SinfoníaRx. "Managing complex, chronic illnesses is a real challenge. We are honored to work with Walmart to help patients live better lives."
To improve the appropriate utilization of medications, Walmart Pharmacy will use SinfoníaRx's proprietary software to proactively monitor prescription medications to identify potential problems within a patient's regimen. As concerns are identified, Walmart pharmacists will work with patients and their prescribers to improve their medication usage and reduce healthcare costs associated with medication non-adherence, gaps in care, and poly-pharmacy.
According to a 2013 study by the IMS institute, medication misuse accounts for more than $200 billion in unnecessary health care expenses. This collaboration will improve the care of patients with chronic illness across the continuum of care and reduce unnecessary health care spending.
SinfoníaRx is an innovative health care company whose mission is to provide the highest quality healthcare solutions for health plans, patients, and caregivers. Originally established in 2006 at the University of Arizona College of Pharmacy, SinfoníaRx has a long history of pioneering modern Medication Therapy Management (MTM) services. SinfoníaRx, a wholly-owned subsidiary of Sinfonía HealthCare Corporation, develops and manages a full suite of MTM services, including STAR Improvement programs.
About Sinfonía HealthCare:
Sinfonía HealthCare was launched in January 2013 by pioneering healthcare executives Fletcher McCusker and Michael Deitch, the CEO, CFO team and founders of Providence Service Corporation (Nasdaq:PRSC). Sinfonía has created an innovative approach to community based medical care by establishing a full continuum of health services including: hospice, home health, companion care, primary care, wellness, and medication therapy management. Sinfonía also launched a behavioral health division designed to integrate mental health, pharmacy and primary care in Arizona, Florida, Louisiana, Maine, and Virginia.
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Source:Sinfonia HealthCare Corp.