All You Need to Know about Medication Therapy Management Program (MTM)
In recent years, medication therapy management (MTM) has been a hot topic in pharmacology. As a patient-centric approach, MTM aims to bridge the gap between pharmacists and patients, maximizing outcomes for both. MTM is an umbrella term used to describe a variety of services such as pharmacotherapy consultation, anticoagulation management, health and wellness programs, immunizations and medication therapy reviews, among others.
Why Medication Therapy Management?
The goal of Medication Therapy Management is to improve patient health and satisfaction by identifying and resolving medication-related problems. It increases patient autonomy by empowering them to actively manage their medications and health conditions. By providing greater access to pharmacists, pharmacist-patient relationships are strengthened. MTM also helps increase pharmacy loyalty, prescription refill rates, and adherence scores.
Besides, MTM strives to address the opioid crisis by offering programs in appropriate pain management, concurrent use of opioids and benzodiazepines, and chronic use of benzodiazepines.
What does Medication Therapy Management look like in practice?
Although pharmacists are ultimately responsible for the facilitation of MTM, there are many different ways to successfully implement MTM. Incorporating MTM services is vital yet many retailers continue to struggle due to its time-consuming nature. Because of the high workload of pharmacists, pharmacy technicians or student interns can support the MTM process. The process includes identifying patients, collecting information, scheduling appointments, submitting claims, contacting prescribers and monitoring progress.
At Benzer Pharmacy, “an MTM Specialist works alongside the pharmacist(s) to ensure that they are using the systematic process of collecting patient-specific information, assessing medication therapies to identify medication-related problems, developing a prioritized list of medication-related problems, and creating a plan to resolve them.”, Raven Solomon Benzer Pharmacy Clinical Pharmacist. The presence of an MTM Specialist allows patients to receive the benefits of MTM, without taking time away from the pharmacist.
Medicare Part D Plan and Medication Therapy Management
All Medicare Part D Plan sponsors are required to offer MTM services to their beneficiaries at least annually. Beneficiaries are able to decline services or disenroll from the MTM program at any time.
Sponsors are responsible for reporting outcomes of MTM programs to the Centers for Medicare & Medicaid Services (CMS.) Beneficiaries must be taking two or more medications for multiple chronic conditions. They must be likely to incur annual costs greater than or equal to the 2018 cost threshold of $3,967 to qualify for MTM services. Applicable chronic conditions include Alzheimer’s disease, chronic heart failure, diabetes, dyslipidemia, end-stage renal disease, hypertension, respiratory diseases and DSM-recognized mental disorders.
If you need to take many medications on a daily basis, consult your pharmacist for the MTM program. Benzer Pharmacy offers MTM program to all its patients. Transfer your prescriptions and let the pharmacist manage your medications.
anticoagulation management, Centers for Medicare & Medicaid Services, health and wellness programs, immunizations, medication therapy, MTM, pharmacotherapy consultation, pharmacotherapy consults, prescription refill