The financially strapped Medicaid program can stretch
its budget significantly by encouraging pharmacists to provide
medication therapy management services (MTMS) to
patients, said an official of the American Pharmacists
Association (APhA). "For every dollar invested in pharmacists
providing?patient-focused services, an estimated
$16.50 is saved in health care costs," APhA State Relations
Director Hrant Jamgochian said in a presentation to the
Medicaid Commission.
The commission, an advisory group charged with finding
ways to slash $10 billion from federal Medicaid expenditures
by 2010, is scheduled to issue a series of cost-cutting
recommendations by the end of this year. Although MTMS
is a key element in the new Medicare Part D drug program,
Medicaid currently provides no payment to encourage
pharmacists to undertake these activities.
"By incentivizing pharmacists to spend this additional
time with patients, Medicaid programs can optimize therapeutic
outcomes, improve medication use, reduce the
risks of adverse events and drug interactions, and increase
patient adherence and compliance with prescribed regimens,"
said Jamgochian. He added that studies have found
that MTMS by community pharmacists to asthma patients
reduced hospitalizations by 77% and emergency department
visits by 78%.