TYSONS CORNER, Va., Jan. 11, 2022 /PRNewswire-PRWeb/ -- The movement to pay for value in health care—preventive care and health care improvements rather than health care services alone—has transformed care delivery over the past decade and holds the promise to address myriad health care systemic challenges. The Get the Medications Right Institute will play a role in celebrating the progress made to date and in charting priorities for moving forward during Health Care Value Week, Jan. 24-28, 2022.
The nationwide celebration is co-sponsored by the GTMRx Institute and an alliance of leading health industry stakeholders. Activities include opportunities for meaningful discussion with health care executives, national policymakers, providers and health value advocacy organizations.
"The GTMRx Institute and Health Care Value Week are a natural fit as our mission is to be a catalyst for change that brings critical stakeholders together to resolve the issues arising from non-optimized medication use," said Katherine H. Capps, GTMRx co-founder and executive director. "Value-based payment models should support a new way to manage medications, particularly for patients suffering with multiple chronic conditions and who see many physicians. They are precariously left to self-navigate a system that lacks coordination and communication between providers."
Health Care Value Week opens with the Virtual Value-Based Payments Summit: Update on CMS/CMMI Payment Reform Initiatives, which features remarks by Elizabeth Fowler, director of the CMS Innovation Center as well as other presenters from the Biden administration, provider organizations, and nonprofit groups supporting value-based health care.
Medication misuse, overuse, and underuse contributes to the deaths of 275,000 people every year and drives over $528 billion dollars of waste annually. The GTMRx Institute focuses on improving the value-based health care movement through its stakeholder-led work groups tackling issues in practice and care delivery transformation, payment and policy solutions, precision medicine enablement via advanced diagnostics, and health IT to support optimized medication use. GTMRx released a comprehensive Blueprint for Change and provides evidence, use cases, tools and resources to advance adoption of comprehensive medication management among payers, providers, policymakers, and patient advocacy groups.
"The Blueprint for Change is a roadmap for the value-based medication reforms we need," Capps added. "If 80% of the way we treat and prevent illness is through medications, isn't it time to address the problems we create when they aren't managed safely, effectively, and appropriately for the patient? We must accelerate the momentum and through value-based health care models, adopt policies that pay for comprehensive medication management—a proven process of care that is person-centered, team-based, and cost effective."
During Healthcare Value Week, GTMRx will host a panel on Value-based Strategies: A Better Way to Manage Medications with speakers Katherine H. Capps, GTMRx executive director, Steven Chen, PharmD, MHS, GTMRx distinguished fellow, associate dean for clinical affairs at USC School of Pharmacy, and Michael Hochman, MD, MPH, CEO of Healthcare in Action, SCAN Group. This session will take place on January 24, 2021 from 3:00pm -3:30pm EST as part of Monday's Special Edition of the Virtual Value-Based Payment Summit event.
About the Get the Medications Right™ Institute
The GTMRx Institute is a catalyst for change that brings critical stakeholders together, bound by the urgent need to get the medications right. We are physicians, pharmacists, health IT innovators, drug and diagnostics companies, consumer groups, employers, payers and health systems—aligned to save lives and save money through comprehensive medication management. By showcasing evidence and innovation, we motivate practice transformation and push payment and policy reform. Together, we ACT to champion appropriate, effective, safe and precise use of medication and gene therapies. Learn more at gtmr.org.
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SOURCE GTMRx Institute
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