MOORESTOWN, N.J., March 17, 2020 (GLOBE NEWSWIRE) — Tabula Rasa HealthCare, Inc. (TRHC) (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, enters into an agreement with BioIntelliSense to distribute its BioSticker™, the first FDA-cleared, single-use device enabling 30 days of continuous vital sign monitoring.
The BioIntelliSense DaaS platform can be applied to a wide range of clinical use cases, including monitoring for the key symptoms associated with COVID-191.“As TRHC serves a variety of healthcare clients, including the majority of PACE organizations in the United States, they are an outstanding partner for introduction of remote patient monitoring into the PACE market and beyond,” said BioIntelliSense CEO James Mault, MD. “The BioIntelliSense BioSticker device and data services are ideal for older adults with complex care needs. Tabula Rasa and its PACE clients will be able to more effectively monitor these complex patients through an effortless patient experience, enabling better care at a fraction of the cost of traditional remote patient monitoring.”PACE is a federal program providing comprehensive medical and social services to individuals 55 and older who are nursing-home eligible. The goal of PACE is to keep participants living in their own communities and to provide quality medical care. Currently, 131 PACE programs operate 263 PACE centers in 31 states, serving over 53,899 participants.1 as described by the Centers for Disease Control and Prevention (CDC.gov Coronavirus Symptoms)About BioIntelliSense
BioIntelliSense is ushering in a new era of continuous health monitoring and clinical intelligence. Its medical-grade Data-as-a-Service (DaaS) platform seamlessly captures minute-to-minute vital signs, physiological biometrics and symptomatic events through an effortless patient experience. The FDA 510(k)-cleared BioStickerÔ device, in combination with advanced predictive analytics, is uniquely designed to screen for adverse conditions and detect trends to enable the next generation of personalized, proactive care. For more information on how BioIntelliSense is redefining remote patient monitoring through advanced medical-grade and cost-effective services, please contact us at info@biointellisense.com or visit our website at BioIntelliSense.com.
Forward-Looking Statements
This press release includes forward-looking statements that we believe to be reasonable as of today’s date, including statements regarding Medication Risk Mitigation technology. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC, including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 1, 2019, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website ir.trhc.com or upon request from our Investor Relations Department. Any forward-looking statement speaks only as of the date on which it was made. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.Contact
TRHC Media Relations
Amanda Bednar
abednar@TRHC.com
T:856-912-57147Dianne Semingson
dsemingson@TRHC.com
T: 215-870-0829Investors
Frank Sparacino
fsparacino@trhc.com
Office 866.648.2767
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