Freed Associates

Time to Get Serious About Medication Reconciliation

By Robin Figueroa

TOPIC: Revenue Cycle

Starting in 2014, improving medication reconciliation and avoiding Adverse Drug Events (ADEs) will not simply be good medicine; it will help hospitals earn incentive money and avoid costly financial penalties. We have identified four solutions that can help solve the medication reconciliation problem:

  • Focus on high-risk patients and form a multi-disciplinary team, which includes strong support from the Pharmacy department, to tackle the problem.
  • Establish a process to validate the Best Possible Medication History (BPMH) with at least one other source such as the patient’s PCP or local pharmacist.
  • Utilize functionality within the electronic health record to retrieve medication information from multiple sources, including pharmacies and other hospitals.
  • Provide patients and family members education on the importance of maintaining an accurate medication list and carrying it with them at all times.