PSM Solutions, a proven model that has been in use for over 10 years, can reduce overall cost of care by approximately $1,000 per person with diabetes per year, improve health outcomes and increase patient satisfaction.
Las Vegas, NV (PRWEB) July 01, 2015
This week the American Pharmacists Association (APhA) Foundation will be showcasing the newly launched Patient Self-Management (PSM) Solutions at the Society for Human Resource Management (SHRM) Annual Conference and Exposition. PSM Solutions, a proven model that has been in use for over 10 years, can reduce overall cost of care by approximately $1,000 per person with diabetes per year, improve health outcomes and increase patient satisfaction.
Driving employee wellness is a key strategic imperative for most organizations. From increasing the number of days on the job to reducing the cost of benefits to improving employee motivation and morale, corporate wellness programs are more critical than ever to businesses, and PSM Solutions can help address these issues. With over 10 years of demonstrated success, the PSM Solutions model offers a tested and validated, innovative approach to reducing the impact of chronic disease on top and bottom lines, improving outcomes for even the most challenging patient populations.
According to Benjamin M. Bluml, Senior Vice President of Research and Innovation for the Foundation, “This solution enables pharmacists and other healthcare providers to gain a comprehensive understanding of their patients’ ability to manage their diabetes through the real world application of knowledge, skills and performance. Providers can then customize and effectively direct treatment in patient populations, resulting in better, more cost effective outcomes for all patients and a proven cost savings of over $1,000 per patient per year.”
As a part of PSM Solutions, the APhA Foundation is bringing together a network of healthcare providers to deliver patient care services. Current network partners include Kroger, PrescribeWellness, and SinfoniaRx. Additionally, Scientific Technologies Corporation has partnered with the APhA Foundation to integrate the PSMC for Diabetes into its technology platform. The Foundation’s network partners are available to provide services to beneficiaries of self-insured employers and other healthcare payers interested in providing care options that include the PSM Solutions.
“Diabetes costs American employers more than 15 million workdays every year and accounts for more than $176 billion in healthcare spending,” states Mindy Smith, Executive Director of the APhA Foundation. “Our PSM Solutions are backed by years in the field, peer reviewed, and proven to improve outcomes and reduce the total cost of care.”
Learn more about PSM Solutions and visit us at Booth #3610 at the SHRM Annual Conference and Exposition.