By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    healthcare cybersecurity
    4 Helpful Tips on How to Protect Your Medical Practice Against Cyber Attacks
    October 24, 2021
    Health Check Diagnosis Medical Condition Analysis Concept
    6 Health Woes With Online Remedies
    January 19, 2022
    Eight Things Men Should Know About the Male Menopause
    Eight Things Men Should Know About the Male Menopause
    April 24, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthy nursing school habits
    Healthy Habits for Nursing Student Nursing School Students
    May 24, 2024
    High Deductables
    High-Deductible Insurance and Rising Bad Debt
    July 24, 2015
    How People Are Taking Advantage of Health Deals in the Recent Recession
    February 5, 2021
    Latest News
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: MTM 101: The Economic Benefit of Medication Therapy Management
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Specialties > Geriatrics > MTM 101: The Economic Benefit of Medication Therapy Management
GeriatricsHome HealthNews

MTM 101: The Economic Benefit of Medication Therapy Management

JamieLockhart
Last updated: November 16, 2012 9:09 am
JamieLockhart
Share
4 Min Read
SHARE

Medication-related issues account for roughly 1.5 million adverse health events and cost $177 billion each year in the U.S. To help combat this, Congress passed the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA), which was designed to help optimize the medication therapy the country’s elderly and disabled population receives.

Medication-related issues account for roughly 1.5 million adverse health events and cost $177 billion each year in the U.S. To help combat this, Congress passed the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA), which was designed to help optimize the medication therapy the country’s elderly and disabled population receives.

The MMA requires each Medicare Part D plan sponsor to offer a Medication Therapy Management (MTM) program to its beneficiaries and now many organizations (pharmacy benefit management companies (PBMs), health plans, and large employers) are using MTM programs to help patients manage their prescription drug intake and trim any related costs. These programs have evolved since their inception, and will likely gain traction with risk-bearing provider organizations continuing to focus on providing quality, cost-effective care over the coming years.

MTM is a highly analytical approach to treating patients with medication and allowing insurers, providers, and patients a safe, efficient and targeted outcome.  MTM can be thought of as a methodology or practice that is adhered to or used to help ensure each patient’s medication treatment plan for appropriateness through three lenses: Analytical, Consultative & Educational.

More Read

know what is in the water you drink
What’s Inside the Average Glass of Water?
Free Physician Rating and Medical Q&A Forum at Avvo.com
Nursing Home Costs Top $84,000 a Year
Asset Management the Siemens Way
What Are the Benefits of ABA Therapy?

By monitoring MTM processes to prevent drug duplications or complications; appropriate dosing, administration and adherence is more predictable. This is relevant as pharmacists and doctors assess connections and the likely outcome of medication treatment based on factors including medical condition(s), patient demographics, drug product(s) used, dosage, known allergies, current / past medical history, patient education level and cultural preferences as well as a host of other factors.  Preempting any medication related-problems is the goal – which reduces the likelihood of ER visits, hospitalizations and better outcomes.  Secondarily, it can help patients understand their medication therapy and improve adherence.

With approximately 19% of all drugs prescribed to patients prior to admission to a hospital being contraindicated, the impact of properly utilized MTM programs could be profound. Currently, pharmacists are the primary provider of MTM, with the services often being funded by PBMs, health plans, and large employers.  While pharmacists have proven to be successful in helping increase medication adherence and lowering patient costs, it’s not controversial to assert that physician involvement in the MTM process could also prove valuable.  One supporting study reveals that physicians:

  • Fail to provide medication instructions in 19-39% of prescriptions
  • Discuss dosing directions in less than 60% of cases
  • Review adverse effects in only 33% of cases.

MTM program implementation at the physician level is an area we’re watching closely, but without healthcare systems and hospitals receiving an economic benefit from such programs, it could be an uphill climb.

Let us know what you think.

 

TAGGED:medicationpharmaceuticals
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025
recovering from injury
Rebuilding After Injury: Path to Physical and Emotional Recovery
News
June 22, 2025
scientist using microscope
When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
Global Healthcare
June 18, 2025

You Might also Like

Affluent Chinese Parents Travel to the US To Give Birth

March 11, 2012
healthcare trends HIMSS 2013
News

HIMSS 2013: Healthcare Trends from This Year’s Conference

March 12, 2013

US FTC Commissioner Doubts Benefits of ACOs

November 20, 2011

Three Biggest Pharmaceutical Lawsuits of 2012: Psychiatric Drugs Focus of All Three

August 8, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?