New ScriptMed Cloud Module Empowers Dramatic Improvements in the Efficiency and Clinical Outcomes of Infusion Pharmacy Operations
Inovalon, a leading provider of cloud-based platforms empowering data-driven healthcare, announced the launch of ScriptMed Cloud Infusion Management. Powered by the Inovalon ONE® Platform, this specialty pharmacy module brings to the marketplace the industry’s most advanced infusion management functionality, significantly improving the cost efficiency, patient experience, and clinical outcomes associated with infusion pharmacy operations.
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Currently estimated to be approximately $25 billion annually, and projected to reach $45 billion by 2028, the global home infusion therapy market is highly unique in its requirements for the complex processes of patient qualification, management, administration, and clinical care. Leveraging the data, connectivity, analytics, and purpose-built functionality of ScriptMed Cloud, the Infusion Management module provides a customizable workflow that simplifies the many time-consuming steps pharmacies must complete today, including referral management, coverage verification, patient onboarding, care venue transitions, custom drug compounding, dispensing, clinical management, reporting, and more.
Together with Inovalon’s DataStream™ API and the broader ScriptMed Cloud offering, the Infusion Management module empowers a new era of cost efficiency and care outcomes for infusion medicine operators. The infusion clinician is now able to access and utilize in real-time, longitudinal patient-specific data otherwise unavailable to them, which dramatically improves speed to dispense, reduces cost to fill, and enables more holistic and informed care decisions, leading to better cost efficiencies, patient experience, and clinical outcomes.
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“Demand for at-home infusion is growing as more biologics become available and administration of infused d**** shifts to lower-cost settings,” said Matt Brow, president and general manager of Inovalon’s pharmacy business. “Our new module extends the already proven value of ScriptMed Cloud to providers and specialty pharmacies that offer, or will soon offer infusion services, giving them a proven workflow that supports more efficient operation while ensuring the highest quality clinical care possible for their patients.”
“As one of Hawaii’s leading providers of specialty and infusion therapies to patients in their homes and our ambulatory infusion suites, we need a pharmacy platform that can support infusion, enteral nutrition and specialty workflow,” said Byron Yoshino, owner and CEO of Pharmacare Hawaii. “With Inovalon’s Infusion Management and ScriptMed Cloud, we can now effectively scale and deliver on our commitment to provide high-quality, patient-focused care.”
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