Medication Management Addresses Increasing Comorbidities Need for Tracking Usage and Reconciliation to Prevent Errors with Larry Margolis PersonalRX TRANSCRIPT
Download PDFFeb 21, 2024
Larry Margolis, CEO of PersonalRX, provides medication management for patients and caregivers by delivering personalized dose packs to patients' homes with tracking functionality to inform when drugs are taken. The number of people with comorbidities is increasing, requiring complex regimens and medication reconciliation to ensure patient safety. PersonalRX works with healthcare providers, patients, and caregivers to ensure prescription, supplements, and over-the-counter drugs are used correctly.
Larry explains, "Our typical patient profile is somebody, on average, who takes nine medications. We service the market of people with five medications or more, representing roughly 12.9% of the population, about 42 million people."
"I think one of the most important tools that we use when we're looking at people who are living longer, have more complex cases and comorbidities, and are taking more medication is looking at the medical reconciliation tools that we've built. And we've spent a lot of time over the last year building and enhancing those tools."
"So there is a safety hazard that many patients and caregivers don't realize that presents when you have multiple medications, multiple prescribers, supplements, and all of those kinds of things involved. Medications can negatively interact and can be mixed up by pharmacies and patients."
"When we can align all of those things into a singular place, PersonalRX is that kind of pharmacy that has trusted supervision for medication management. Still, it improves patient safety and overall health. As complexity increases, we think it's something that becomes more and more important every day."
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