Ingram Industries Inc. Achieves Multi-Year ROI
NASHVILLE, Tenn.--(BUSINESS WIRE)-- PharmMD, the quality leader in Medication Therapy Management (MTM) services, today released a new case study demonstrating MTM’s power to trim prescription drug spending and improve lives. The case study reveals Ingram Industries Inc., a leading marine transportation company and distributor of books, periodicals and digital content, experienced an average 3:1 return on their investment on a strategic MTM program with PharmMD. In addition, Ingram experienced significant savings in medical and prescription drug costs combined.
PharmMD rolled out its innovative MTM program in 2007 to Ingram’s employees and their dependents, following an evaluation of their historical prescription use.
The solution: PharmMD built comprehensive health records, including pharmaceutical and medical data, for each patient on its unique technology platform. It then deployed its network of pharmacists to comb the records, flag any medication problems and reach out to patients and their physicians with solutions.
The impact was significant. PharmMD pharmacists identified and resolved problems, ultimately ensuring that patients were on the right medications at the right time.
“In an era where healthcare costs are rising despite a multitude of market interventions, we are thrilled to see ours leveling out, and most importantly, that our employees are leading healthier, more productive lives,” said Dennis Delaney, executive vice president of human resources and administration for Ingram Industries. “Thanks to PharmMD’s true leadership, the program is turning an impressive ROI. It shows there is real value in putting the pharmacist back in the picture,” Delaney added.
“MTM services offer real cost savings and solutions for Ingram and other forward-thinking companies that need to stay competitive in this challenging healthcare environment,” said Bo Bartholomew, chief executive officer of PharmMD. “By uniting our state-of-the art technology with our pharmacy experts, Ingram’s employees and their families will continue to receive safer, more cost effective healthcare.”
Ingram Industries Inc., based in Nashville, Tennessee, is one of America’s largest privately held companies. It consists of diversified businesses in marine transportation, aggregate supply, book distribution, print on demand book manufacturing, and digital storage, management and distribution services. Ingram’s businesses are in two operating units: Ingram Marine Group and Ingram Content Group.
PharmMD is the quality leader in Medication Therapy Management Solutions. Based in Brentwood, Tenn., PharmMD works with employers and health plans to prevent medication related health problems through the application of the best pharmacist and physician knowledge using their proprietary MTM software. Founded in 2006, PharmMD improves coordination and communication among physicians, pharmacists, payers and patients by analyzing pharmacy and medical claims information and clinical decision making. Because PharmMD focuses exclusively on MTM, the company is able to analyze both aggregate and patient-specific data to identify trends and conflicts to positively impact patient health and contain costs.
More information at: www.pharmmd.com.
Nikki Cary, 615-254-0575
KEYWORDS: United States North America Tennessee
INDUSTRY KEYWORDS: Technology Data Management Software Health Pharmaceutical Professional Services Human Resources Managed Care