Transforming Hospice Care for Patients
An emerging medical device company and a pharmacy technology provider have embarked on a partnership aimed at enhancing the quality of hospice care for patients. This collaboration is set to bring about significant improvements in how hospices manage medication costs and patient comfort.
Relieving Symptoms and Reducing Costs
With rising medication costs and frequent shortages affecting effective treatment, the collaboration between Hospi Corporation, renowned for its innovative Macy Catheter, and BetterRX, a leader in pharmacy technology, aims to redefine hospice care. The Macy Catheter allows hospices to utilize readily available and more affordable alternatives to standard expensive medication formulations.
The real-time pharmacy technology platform provided by BetterRX streamlines the process of medication ordering, cutting costs while improving patient care. By working together, both companies empower hospices to deliver rapid symptom management, overcoming the challenges posed by drug shortages and rising prices.
Impact on Patient Care
This partnership is particularly crucial as hospice agencies face both financial pressures and continuous medication shortages, especially for injectable formulations. Securing infusion providers has become increasingly challenging for many organizations.
Moreover, the cost-saving strategies developed by BetterRX and Hospi have demonstrated potential reductions in medication expenditures by up to 50%, especially in inpatient units. Taking the Macy Catheter's cost into consideration, hospices can save over 37% on medication expenses.
Versatile Administration for Patients
The Macy Catheter addresses the need for flexible and effective medication delivery. It allows hospice nurses to use various oral formulations to provide symptom relief during quick visits, mitigating the adverse effects typically associated with medication shortages.
Together, BetterRX and the Macy Catheter enable hospices to enhance their medication management while ensuring sustained relief for patients in need.
Enhancing Accessibility for Rural Areas
The collaboration is expected to have a profound impact on rural hospice services, where access to necessary medications and specialized care is often limited. BetterRX's effective pharmacy management systems ensure that pharmaceuticals are delivered in a timely manner, while the Macy Catheter serves as a reliable alternative for medication administration.
This system alleviates the need for costly hospital visits, enabling patients to receive care within the comfort of their homes. The partnership between Hospi and BetterRX aims to reduce delays typically experienced in rural patient care, ensuring symptom relief is delivered promptly.
Prioritizing Quality of Life
The intrinsic goal of this collaboration is to reaffirm a commitment to delivering patient-centered care that honors individual needs and preferences.
Steve Ferguson, Senior Vice President of Sales at Hospi Corporation, emphasizes, "We believe that incorporating diverse medication administration methods enhances the quality of life for hospice patients. Our joint efforts break down barriers, ensuring that patients receive timely relief without additional discomfort or stress."
Sara Nigro, Vice President of Partnerships at BetterRX, adds, "Our mission is to provide hospices with the means to offer effective symptom relief efficiently, facing any challenges of drug availability head-on." This partnership not only amplifies the resources available for hospices but enhances their capability to care for patients compassionately during critical moments.
About Hospi Corporation and BetterRX
About Hospi Corporation: Hospi Corporation is dedicated to developing innovative medical devices that significantly enhance patient comfort, reduce caregiver stress, and manage costs effectively. Their flagship product, the Macy Catheter, allows seamless access for administering medications and fluids, providing a dignified experience for patients and caregivers alike.
About BetterRX: BetterRX offers a robust, technology-driven solution for hospice pharmacy services. Designed to optimize medication management, it helps ensure timely deliveries while empowering care teams to provide exceptional support for patients. With a commitment to transparency and efficiency, BetterRX stands out among traditional providers, prioritizing people over profits and enhancing the overall care experience.
Frequently Asked Questions
What is the role of the Macy Catheter in hospice care?
The Macy Catheter is designed to facilitate effective medication delivery, allowing hospice nurses to provide quick symptom relief using accessible medication alternatives.
How do Hospi Corporation and BetterRX work together?
The partnership focuses on leveraging BetterRX's pharmacy technology and the Macy Catheter to streamline medication ordering, reducing costs and improving patient care.
What cost savings can hospices expect from this collaboration?
Hospices using both solutions can see medication cost reductions of up to 37%, along with significant savings on other medications.
Why is this collaboration important for rural hospices?
The partnership aims to enhance accessibility and efficiency in medication delivery for rural hospices, where securing medications can be particularly challenging.
How does BetterRX ensure timely medication management?
BetterRX employs advanced pharmacy management systems to streamline medication delivery, ensuring that hospice agencies have access to necessary medications as fast as possible.
