Published on September 25, 2013 at 9:00 AM
"The abuse and diversion of opioid pain relievers now cause more deaths per year than automobile accidents, and costs the government and insurance providers billions of dollars. VeriMed's technology will help to greatly reduce both abuse and diversion while still allowing patients who are truly in need of these medications the ability to receive them," said Philip Gaucher, founder and chief executive officer for VeriMed. "Physicians and pharmacists who prescribe and dispense these medications face serious liability if the medication ends up in the wrong hands. It is our goal to make sure that doesn't happen."
The VeriMed system begins in the pain physician's office; a patient takes the VeriMed Risk Assessment Test, which helps to identify the propensity for abuse, deception, and/or diversion. This information, along with other critical patient data, is aggregated in the VeriMed Information Portal, which uses predictive analytics to help flag at-risk patients. In addition, the physician then has the option to send a prescription to be filled at the VeriMed Surveillance Pharmacy, where the pharmacist also has access to the Information Portal data. If the patient is determined to be a risk, the provider can request the pharmacist dispense the medication in the VeriPak™, which provides a timestamp when medication is removed.