Tabula Rasa Healthcare (formerly CareKinesis)

What Tabula Rasa Healthcare (formerly CareKinesis) does

Tabula Rasa Healthcare, originally founded in 2010 as CareKinesis, built a medication risk mitigation and pharmacy care platform centered on its proprietary MedWise technology. MedWise performs comprehensive multi-drug analysis of patient medication profiles to surface data-driven insights at the point of care, enabling clinicians and pharmacists to proactively mitigate adverse drug events for patients on complex medication regimens. The company historically positioned itself as a science-based medication safety overlay distinct from conventional pharmacy dispensing.

Following the 2023 merger with ExactCare Pharmacy, the combined entity now operates as AnewHealth, a national medication management platform serving more than 150,000 people with complex, chronic conditions across all 50 states and Washington D.C. The integrated portfolio spans home-delivery chronic care pharmacy (ExactCare), PACE-focused clinical pharmacy services (CareKinesis), a full-service PBM with a national network of 64,000+ pharmacies (Pharmastar), IDD and residential care pharmacy (SafeDose), renal care pharmacy, risk adjustment solutions for risk-bearing providers, and consulting services for PACE organizations. Primary customer segments include health plans (Medicare, Medicaid, Dual-Eligible, SNP, MLTSS), PACE organizations, risk-bearing primary care and specialty providers, home health agencies, case management organizations, and individual patients with multiple chronic conditions.

The business model combines recurring pharmacy care management fees, PBM administrative and network services revenue, medication dispensing spread, and managed-services revenue from risk adjustment and consulting engagements. Pricing is quote-based and not publicly disclosed. Go-to-market is enterprise field sales targeting healthcare payers and providers, supplemented by direct patient enrollment through provider referrals and home-based pharmacy fulfillment. The company is licensed with state Boards of Pharmacy in all 50 states plus DC, holds HIPAA compliance, and reports industry-leading patient satisfaction (NPS +78 overall, +83 for primary care, +75 for health plan members) supported by documented outcomes including 40% fewer readmissions for home health patients, 10% reduction in annual hospital admissions for PACE participants, and cost savings exceeding $5,000 per PACE participant annually.

Name

Tabula Rasa Healthcare (formerly CareKinesis)

Legal name

Tabula Rasa Healthcare

Website

https://tabularasahealthcare.com

Company type

Private

Founded year

2023

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Tabula Rasa Healthcare (formerly CareKinesis), now operating as AnewHealth, delivers medication optimization and pharmacy care management via its proprietary MedWise technology. It serves 150,000+ patients with complex chronic conditions across health plans, PACE organizations, risk-bearing providers, and home health agencies nationwide.

Ownership category

akta.pro rank

Product category

Medication Management and Pharmacy Care Services

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Pharmacies and Drug Retailers (456110), Home Health Care Services (621610)

SIC

Services-Health Services (8000), Hospital & Medical Service Plans (6324), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG)

akta.pro secondary industries

Pharmacy/Medication Management & Virtual MTM (Payer-Sponsored) (HLALACAK), Pharmacy Benefit Analytics, Reporting & Employer Consulting (HLAEAKAK), Care Management & Coordination Platforms (case/disease management workflows) (HLACAHAD)

Keywords

• Medication optimization technology
• Pharmacy care management
• Pharmacy benefit management
• PACE pharmacy services
• Risk adjustment solutions

Headquarters

HQ city

Moorestown

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Pharmacy Care Services: Provides end-to-end pharmacy care management and medication management services to health plans, risk-bearing providers, PACE organizations, and patients with complex chronic conditions. Revenue generated through pharmacy services delivery including medication dispensing, therapy management, and care coordination.
2. Pharmacy Benefit Management (PBM): Full-service pharmacy benefits management for commercial plans and government programs including PACE. Provides customized pharmacy network solutions through national network of 64,000+ pharmacies. Revenue generated through PBM administrative services and network management.
3. Risk Adjustment Solutions: Risk adjustment solutions for risk-bearing providers, helping healthcare organizations optimize quality metrics and achieve better clinical and cost outcomes.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Tabula Rasa Healthcare (formerly CareKinesis), now part of AnewHealth, delivers medication optimization and pharmacy care services built around its proprietary MedWise technology. The company provides end-to-end pharmacy care management, pharmacy benefit management (PBM) through Pharmastar, PACE-focused pharmacy services through CareKinesis, and chronic care pharmacy-at-home through ExactCare Pharmacy, serving health plans, risk-bearing providers, PACE organizations, home health agencies, and patients with complex chronic conditions across all 50 U.S. states and Washington, D.C.

Product overview

AnewHealth is a unified pharmacy care platform formed in 2023 through the combination of ExactCare Pharmacy and Tabula Rasa Healthcare (formerly CareKinesis). The company offers integrated clinical pharmacy and technology solutions built around its proprietary MedWise® technology, which provides multi-drug analysis for medication optimization. The product portfolio includes ExactCare Pharmacy for home-based medication management, CareKinesis for PACE organization services, and Pharmastar as the PBM offering, all supported by MedWise® technology. Additional services include end-to-end pharmacy care management, pharmacy for complex care at home, pharmacy for IDD facilities, risk adjustment solutions, case management, and renal care services. The company serves over 150,000 people nationwide with complex chronic needs and is licensed in all 50 states.

Differentiator

Problem solved

Functional benefit

Products and services

• MedWise Medication Optimization Technology Proprietary science-based medication optimization technology that performs comprehensive multi-drug analysis of patient medication profiles to identify health risks, deliver data-driven insights to clinicians at the point of care, and enable proactive mitigation of adverse drug events and negative health outcomes. Sold to enterprise healthcare customers.
• End-to-End Pharmacy Care Management Comprehensive pharmacy care management solution for healthcare organizations optimizing medication therapy and patient outcomes across complex chronic populations.
• ExactCare Pharmacy (Chronic Care Pharmacy-at-Home) Pharmacy-at-home service providing pre-packaged, time-of-day organized medications delivered directly to patients with multiple chronic conditions, including medication synchronization and adherence packaging.
• CareKinesis PACE Pharmacy Services PACE-focused pharmacy services providing medication therapy management, clinical pharmacist support for interdisciplinary team meetings, and financial audit support for Programs of All-inclusive Care for the Elderly.
• Pharmastar Pharmacy Benefit Management (PBM) Full-service pharmacy benefit management for commercial plans and government programs including PACE, featuring customized pharmacy network solutions and access to a national network of 64,000+ pharmacies.
• Pharmacy for IDD Facilities Medication management services for individuals with intellectual and developmental disabilities in residential care settings, providing safe medication administration and complex care coordination.
• Risk Adjustment Solutions Solutions for risk-bearing providers to optimize risk adjustment and coding accuracy, helping healthcare organizations achieve better clinical and financial outcomes in value-based care.
• Renal/Kidney Care Pharmacy Services Specialized pharmacy services for patients with kidney disease and renal care providers, supporting complex medication regimens and outcomes in renal populations.
• Consulting for PACE Consulting services for PACE organizations leveraging the company's deep PACE pharmacy operations expertise to support program design, regulatory readiness, and operational improvement.

Quantifiable outcome

• 40% fewer readmissions for home health patients
• +9 more outcomes

Named customers5 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• ExactCare PharmacycoreStrategic or Co-development PartnerExactCare Pharmacy was combined with Tabula Rasa Healthcare in 2023 to form AnewHealth. ExactCare specializes in pharmacy for complex care at home, providing medication synchronization, adherence packaging, and chronic care pharmacy services.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Omnicare (CVS Health): Omnicare, owned by CVS Health, is the legacy institutional pharmacy services business for senior populations, providing medication management to skilled nursing and assisted-living facilities. A national-scale competitor to AnewHealth's complex-care pharmacy services with greater financial and network resources.
• Genoa Healthcare (Optum Rx):

Direct peers

• PharMerica: PharMerica (a BrightSpring Health Services company) is one of the largest U.S. long-term care and senior-living pharmacy providers, serving skilled nursing facilities, assisted living, and behavioral health — directly comparable to AnewHealth's CareKinesis PACE and IDD pharmacy operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CareKinesisPACE
• Facebookexactcare.info/facebook
• LinkedInlinkedin.com/company/tabula-rasa-healthcare

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tabula Rasa Healthcare (formerly CareKinesis)