PipelineRx Introduces Differentiated PowerGridRx™ Technology Offerings
Advanced Telepharmacy and Medication Management Technologies Optimize Operations and Drive Pharmacy Value
SAN FRANCISCO, Calif.—November 21, 2016— PipelineRx, a leading medication management technology company focused on clinical telepharmacy, today announced two new differentiated solutions based on PowerGridRx, the industry’s first technology platform that is changing the way pharmacies operate and deliver value. The two specialized applications, PowerGridRx Optimizer and PowerGridRx Essentials, are designed to address the needs of standalone hospitals and healthcare networks of various sizes.
PowerGridRx™ Optimizer enables multi-facility organizations to establish an integrated or centralized service model to provide medication management support across the organization with real-time data transparency. By optimizing pharmacy staff and balancing workload, organizations can free up pharmacists for more clinical activities. The platform also allows pharmacy services to be extended to local hospitals outside their network for potential revenue generating opportunities.
PowerGridRx™ Essentials provides standalone hospitals with advanced medication order management. The software has been proven to increase order verification rates and faster turnaround times, and has been shown to deliver more clinical interventions with the highest level of acceptance rates from physicians. As a SaaS-based solution, it is interoperable with all major EHR systems and manages faxed and hand-written orders, as well as CPOE, and stores all orders in a secure cloud-based environment.
A unique advantage of the common platform is the option to easily add PipelineRx Telepharmacy Services for scheduled or demand-based coverage up to 24 hours a day, seven days a week. Coverage periods include nighttime shifts, support during peak hours, storm coverage back-up, and in-house leaves of absence; service is delivered by highly-trained and experienced clinical pharmacists at a savings of up to 70% of the cost of a full time pharmacy employee.
Together, these solutions are designed to reduce operating budget while improving medication order management for one facility or across the system. This can lead to better patient care, higher nursing satisfaction, reduced readmissions, and more time available to address high-value clinical initiatives such as discharge counseling and medication reconciliation, effectively driving pharmacy value and better outcomes. The HIPAA-compliant cloud-based platform also provides comprehensive site- and system-level reporting for real-time visibility into processing load in all sites, greater transparency and responsiveness, and enhanced compliance across networked facilities for measurable results.
“As our customers seek flexibility and fiscal discipline not only in managing their pharmacy but also in extending pharmacy’s impact across the system, we’re pleased to offer new solutions to help them do so while improving quality and patient care,” says Brian Roberts, CEO of PipelineRx. “The growth of the telehealth industry is driving innovative business models and we’re pleased to be at the center of this exciting and necessary transformation of healthcare.”