Medication Therapy Management – Video Glossary

Medication Therapy Management is a clinical
service where your prescription medications, as well as your over-the-counter medications
– which might include diet pills, and cold and drug medicine, herbal therapies – are
all reviewed to make sure your regiments are: one, working well; two, to ensure that there
are no safety problems or issues with your medications, and; three, to make sure your
medication regimen meets your lifestyle, and that you’re able to actually use the medicines
the way in which they’re prescribed. Medication Therapy Management can be used
for any patient – any patient can find benefit from this; however, it’s particularly important
for three types of patients. One, it would be if you’re a person who has multiple different
chronic disease states such as diabetes, high blood pressure, perhaps you’ve received an
organ transplant – patients like that, for example. Two, individuals who might be taking
multiple medications, and usually we say greater than four or five medications on a daily basis.
And three, for individuals with very high monthly drug costs, and that would usually
be in the hundreds to thousands of dollars. Medication Therapy Management is important
due to the high incidence of adverse drug-related events, drug problems, as well as medication
errors. For example, the institute of medicine has stated that there are at least 1.5 million
preventable adverse drug events every single year. Not only that, but other research has
shown that for each medication prescribed – and as we know, there’s a lot of medications
prescribed – there is at least one associated drug-related event. So this is a huge issue
where medication therapy management as a service can prevent these problems, in you and in
our patients. Two, from a cost-effectiveness standpoint for our patients. One, we want
to make sure that your medications are affordable. Two, from a greater public good standpoint,
we want to make sure that medications are used in a cost-effective fashion so that everyone
has access to the medications they need. What’s nice as a pharmacist providing medication
therapy management is that we have four years of doctorate-level specialized training where
we learned nothing else but about medications, the body, and how medications work in the
body. And that helps us better understand how medications work in you, and to make recommendations
to our patients and to other healthcare providers on ways in which patients’ medications can
be used to better achieve their healthcare outcomes.