Trade Tabula Rasa HealthCare - TRHC CFD

Tabula Rasa HealthCare Company profile

About Tabula Rasa HealthCare Inc

Tabula Rasa HealthCare, Inc. is a healthcare technology company. It operates through two segments: CareVention HealthCare and MedWise HealthCare. CareVention HealthCare segment provides Programs of All-Inclusive Care (PACE) programs to its clients, with medication fulfillment services, cloud-based software, pharmacy benefit management (PBM) solutions and clinical pharmacist services at the point-of-care. MedWise HealthCare segment provides its clients, primarily health plans and retail pharmacies, with cloud-based software and clinical pharmacy programs. MedWise HealthCare clients include health plans, pharmacies and non-PACE healthcare providers. Services provided to these clients include medication safety services and software subscription solutions. It focuses on the medication safety market and creates solutions designed to enable pharmacists, providers and patients to optimize medication regimens. Its MedWise technology, identifies the cause of medication-related problems.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Tabula Rasa HealthCare Inc revenues increased 11% to $331.3M. Net loss decreased 2% to $79.1M. Revenues reflect CareVention HealthCare segment increase of 20% to $248M. Lower net loss reflects Interest Expense - Balancing value decrease of 56% to $9.1M (expense), Intangible asset Impairment charge decrease from $5M (expense) to $0K.