Jun 10, 2015
For more than 25 years, Patricia has chosen the “road less traveled” in building her career, focused on breaking new ground in order to solve hard problems. She brings executive operating experience from both early stage and mature companies in the medical device, diagnostics, life science companies, including Life Technologies, T Cell Sciences and Sigma Aldrich Corporation. She has brought multiple new products to market in the areas of HIV monitoring; cancer diagnostics, pharmaceutical drug discovery. Prior to founding ActualMeds , Patricia founded RedTail Solutions, a Software as a Service (SaaS) company serving middle-market manufacturers in the global supply chain. While serving as its CEO (2000-2008), she established a new revenue and business model in this segment and built a capital-efficient business that achieved profitability in 2007. Armed with lessons learned in the retail supply chain about the value chain of information, Pat has returned to healthcare at a time when interoperability is one of the keys to its transformation, and she expects ActualMeds to play a major role in it. Patricia holds a B.A. degree in Biology from Kenyon College, an M.S. in Biochemistry and an M.B.A. from Case Western Reserve University.
00:00 Pat talks adherence and non-adherence.
01:45 80% of the adherence problem is attributed to high-risk group and older adults--over 65, and multiple chronic issues.
05:00 The complexity of being “adherent” vs. making sure that the patient is taking the right amount of medication that they need.
09:00 The average amount of time that a doctor actually sees a patient during a visit is somewhere around 7-9 minutes.
11:25 Pat explains ActualMeds, and what the company is doing to improve patient adherence, point of care, and overall a patient’s health.
12:30 A typical scenario of what using ActualMeds looks like.
15:00 Surescripts and how this company’s data sets helps ActualMeds and improving patient adherence.
16:30 The problem with EHRs and too much data.
18:30 How ActualMeds is automating the need to call and verify patient medications with pharmacists.
20:00 The ways in which users can access the ActualMeds systems.
22:00 How ActualMeds provides information for doctors so that they can make the right calls to ensure that patients are not doubling up or taking unnecessary medications.
23:20 Who utilizes ActualMeds the most.
25:00 How do hospitals and large health systems reconcile with patients post-acute care?
26:30 Medication management is now considered to be a best-practice.
27:00 How and when ActualMeds was founded.
28:50 The huge gap in patient medication reconciliation.
30:10 Medication Reconciliation is part of wellness visits, and how it is becoming more and more a best-practice requirement.
34:00 If you want to learn more about Actual Meds you can visit their website at http://www.adheretx.com/.