Over the past few years, pharmacy services in many places have been expanded to cover Medication Therapy Management (MTM). MTM is a service provided by a pharmacist aimed at improving your health through better drug-related care.
So what is MTM exactly?
The American Pharmacists Association (APhA) describes MTM as a broad range of health care services provided by pharmacists in a patient-centered approach that includes drug consulting, disease state management & coaching, immunizations and other health management services. Basically, your pharmacist will work with you based on your individual medications and diagnosis to help you achieve your health goals and improve your quality of life.
How does it apply to you?
MTM is currently available in a variety of pharmacy settings, and may be available at your local pharmacy. It is also offered through specialized MTM organizations, long term care service providers, and insurance providers. Currently, most Medicare Part D plans cover MTM services at no additional cost. The service includes face-to-face or phone appointments with your pharmacist involving review of your prescriptions and usage, and safety evaluations. If you receive state or federal health benefits you may also be covered, especially if you have a complex medication regimen. Some typical insurance plans also cover MTM services, and you can seek consultation on your own, although fees or other charges may apply.
What’s the benefit?
A more well-rounded approach to your healthcare. MTM allows you to have a medication-centered voice in your care provided by a pharmacist. The service is aimed at improving your care by decreasing medication-related problems. It also benefits public health, and can help you save personally in the long run.
How can it help you save?
By doing a detailed evaluation your pharmacist can point out unneeded treatments, recommend cost-saving alternatives to your doctor, suggest helpful changes to your prescription regimen, and provide drug and disease education. The APhA estimates that there are up to 1.5 billion drug-related adverse events each year resulting in $177 billion in healthcare costs. Having help tracking your prescriptions and your care can help keep you healthy and lower your future healthcare costs.
Talk to your pharmacist to see if MTM is an option for you.