Medication Therapy Management
Medication Therapy Management is a unique healthcare services provided by pharmacists. It concerns the identifying, resolving, and preventing challenges related to medication use.
MTM is designed to help patients get the best benefits they can from medications without incurring much costs.
Key constituents of MTM
Medication Therapy Management constitutes several activities for successful medication outcomes.
- Patient assessments and prescriptions reviews
- Formulation of medication and treatment plans
- Monitoring the efficacy and safety of all prescriptions
- Conducting patient education to promote medication compliance
Why MTM is important
The underlying impetus for medication therapy management is to ensure that individuals get the best outcomes from medications. But it also has more key benefits.
Best possible outcomes
The underlying impetus for medication therapy management is to ensure that individuals get the best outcomes from medications.
Reduce drug-related fatalities
Drug-related problems are estimated to result in over $200bn of unnecessary cost per year. MTM can help in reducing this cost
Save lives
Most healthcare-related problems and suffering among people has been attributed to medication complications.
How pharmacists benefit from MTM Services
MTM has several benefits to individual patients.
Extra income
MTM Consultation services can add a pharmacist extra cash when they are provided to self-funded patients or collaboration with insurance companies.
Client-loyalty
Patients will trust you more when they see that you have their best interest at heart, which can be best seen through medication therapy management.
Better participation
Pharmacists are trained to provide not only medication services but also provide healthcare services, a role that is better supported by MTM services
Conducting MTM
Methods of Conducting MTM
Medication therapy review (MTR)
Medication-related action plan (MAP)
Personal medication record (PMR)
Documentation and follow-up
Intervention and/or referral
There's more to MTM
Learn more about medication therapy management by taking our comprehensive MTM Professional Course.