Executive Summary: Pharmacist-led Medication Therapy Management

Executive Summary: Pharmacist-led Medication Therapy Management

Executive Summary: Pharmacist-led Medication Therapy Management

Executive Summary: Pharmacist-led Medication Therapy Management
Quality Improvement (QI) refers to a “systematic and continuous actions that lead to measurable improvement in health care services and the health status of targeted patient groups.” Additionally, a QI program is designed to analyze, regulate, and improve the quality of various activities and processes, which are carried out in healthcare facilities to improve the overall outcomes in an organization. Healthcare organizations collect and analyze data in major areas, which enable them to implement change effectively Executive Summary: Pharmacist-led Medication Therapy Management. While various quality improvement programs can be implemented in the healthcare sector, the adoption of Pharmacist-led Medication Therapy Management (MTM) is recommendable for the healthcare organization.
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The purpose of Pharmacist-led Medication Therapy Management (MTM) Initiative
Pharmacist-led Medication Therapy Management (MTM) aims at optimizing patient therapy for various conditions. Care optimization is done by lowering the cost of healthcare services and improving clinical outcomes. This initiative will enable pharmacists to identify and prevent errors that are likely to occur while making prescriptions as well as educate patients regarding the appropriate and safe use of medications. Therefore, MTM will improve the overall adherence to medication as well as lower the cases of hospitalizations among patients with various conditions such as type II diabetes mellitus (Erku et al, 2018) Executive Summary: Pharmacist-led Medication Therapy Management.
The Population targeted by MTM Initiative
MTM initiative targets patients struggling with various conditions such as type II diabetes mellitus, asthma, and hypertension (Bajorek et al, 2016). Additionally, the MTM initiative targets primary care providers by enabling them to embrace a team-based approach in providing care services for underserved patients with various chronic conditions. Also, this initiative targets pharmacists who are involved in the prescription of various medications in the medical facility. Executive Summary: Pharmacist-led Medication Therapy Management.
The Benefits of MTM Initiative
            MTM initiative accrues a wide range of benefits to individuals (patients and physicians) and the overall healthcare organization. First, this initiative enhances the recovery process since it improves disease state management and pharmacotherapy process. Additionally, the MTM initiative improves the level of patient adherence as well as health-related quality of life. Secondly, this initiative enhances the results of a physician by improving disease management process through the involvement of pharmacists Executive Summary: Pharmacist-led Medication Therapy Management. Finally, the implementation of MTM initiative will benefit the healthcare organization by reducing the level of medication-related adverse events, thus resulting in a good reputation and a positive image (Byre, 2019).
The Interprofessional Collaboration required in the Implementation of MTM Initiative
            The implementation of MTM initiative in a healthcare organization requires the collaboration of healthcare practitioners who are involved during treatment and drug prescription processes. In particular, this initiative focuses on enhancing collaboration between physicians and pharmacist in the healthcare organization. Involving pharmacists in the healthcare team during disease management and medication enhances the pharmacotherapy of a specific disease, thus enhancing the quality of care delivery and overall patient outcomes (Dalton & Byrne, 2017).
The Cost or Budget justification for MTM Initiative
            Budget justification indicates the proposed costs for the program. It will address every major cost categories, including salaries, equipment, fringe benefits, supplies and any other direct or indirect costs. First, salaries and wages indicate the list of individuals who will be involved in the project and the role of each one of them. Additionally, it will indicate the amount of money to be paid to each one of them using the project money. Secondly, budget justification indicates fringe benefits to be paid to each individual who will be involved during program implementation. This section should also disclose the method of calculation to be used when calculating fringe benefits. Thirdly, it should include the details of all the supplies/materials that are required during project implementation and their costs Executive Summary: Pharmacist-led Medication Therapy Management. Furthermore, all the required equipment and their respective prices should be included in the budget justification. Besides, all the consultants and their area of expertise should be included in the budget. The budget justification should capture the daily rate to be paid to each of the consultations. Finally, other direct costs should be included in the budget justification, including the respective amounts.
The Evaluation of Pharmacist-led Medication Therapy Management (MTM) Initiative
            Three major strategies will be used to evaluate Pharmacist-led Medication Therapy Management (MTM) initiative. First, the evaluation will be based on a drastic reduction in the number of hospital admissions cases (Byre, 2019). For instance, a 25 percent decline in about 1,000 cases of hospital admissions will indicate the success of the program. Also, the evaluation of the initiative will be based on a reduction in ED visits (Byre, 2019). For example, around 25% decline in ED visits per 1,000 members will indicate that the program has been successful. Finally, the evaluation will be based on a decline in the average medication count (Byre, 2019). For example, the program might be considered successful if the number of patients in risk groups has declined significantly. Also, the success of the program can be based on a decline in the average medication count Executive Summary: Pharmacist-led Medication Therapy Management.
In summary, the implementation of Pharmacist-led Medication Therapy Management (MTM) initiative will play a significant role in the healthcare organization. In particular, it will improve the overall adherence to medication as well as lower the number of hospitalizations among patients with various conditions.
References
Bajorek, B., LeMay, K, S., Magin, P., Roberts, C., Krass, I., & Armour, C, L. (2016). Implementation and evaluation of a pharmacist-led hypertension management service in primary care: outcomes and methodological challenges. Pharm Pract (Granada), 14(2):723. doi: 10.18549/PharmPract.2016.02.723
Byre, A. (2019). Analysis Reveals that Pharmacist-led Medication Therapy Management Reduces Total Cost of Care. Health Catalyst. Retrieved from https://www.healthcatalyst.com/success_stories/medication-therapy-management-allina-health
Dalton, K., & Byrne, S. (2017). Role of the pharmacist in reducing healthcare costs: current insights. Integrated pharmacy research & practice, 6, 37.
Erku, D. A., Ayele, A. A., Mekuria, A. B., Belachew, S. A., Hailemeskel, B., & Tegegn, H. G. (2017). The impact of pharmacist-led medication therapy management on medication adherence in patients with type 2 diabetes mellitus: a randomized controlled study. Pharmacy Practice (Granada), 15(3) Executive Summary: Pharmacist-led Medication Therapy Management.
 
In this assignment, you will propose a quality improvement initiative from your place of employment that could easily be implemented if approved. Assume you are presenting this program to the board for approval of funding. Write an executive summary (750-1,000 words) to present to the board, from which the board will make its decision to fund your program or project. Include the following:
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The purpose of the quality improvement initiative.
The target population or audience.
The benefits of the quality improvement initiative.
The interprofessional collaboration that would be required to implement the quality improvement initiative.
The cost or budget justification. Executive Summary: Pharmacist-led Medication Therapy Management
The basis upon which the quality improvement initiative will be evaluated.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this Executive Summary: Pharmacist-led Medication Therapy Management assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.

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