Controlling prescription drug expenditures: a case report of success

WINSTON-SALEM, N.C. As national spending on prescription drugs rose faster than any other segment of health care spending, the health plan at Wake Forest University Baptist Medical Center was able to maintain constant spending, resulting in savings of more than $6.6 million over three years.

Four health plan interventions not only averted increases in prescription drug spending but also preserved members use of medications for chronic conditions, according to a manuscript published today (Aug. 7) in The American Journal of Managed Care.

Other studies have found that single cost-control strategies such as increasing co-payments can decrease prescription drug spending, said lead author David P. Miller, M.D., assistant professor in the Section of General Internal Medicine at Wake Forest University School of Medicine. However, we present the results of a combination of strategies used in concert.

The manuscript describes a three-year observational study conducted at the Medical Center, comprised of Wake Forest University Health Sciences and North Carolina Baptist Hospital. The institution, with more than 11,000employees, ranks among the top 15 largest employers in North Carolina. Employees of both organizations are members of the health plan.

One reason for this success may be that the plan was careful to avoid shifting costs to its members, said Miller. Whenever a drug was changed to a more expensive tier or removed from the formulary, the members out-of-pocket costs were the same or less if they changed to the less-expensive alternative.

The interventions included reclassifying select brand-name drugs to non-preferred status (resulting in approximately half of the annual savings), followed by (in descending order of savings) the removal of non-sedating antihistamines from the prescription-drug formulary, the introduction of pill-splitting, and the limitation of quantities of select medications not intended for dai

Contact: Karen Richardson
Wake Forest University Baptist Medical Center

Page: 1 2

Related medicine news :

1. Controlling antibiotics and antibiotic resistance in hospitals
2. Controlling behavior of children with tourette and tic disorders
3. Controlling blood sugar in hospitalized patients saves lives
4. Controlling your (nerve) impulses
5. Controlling neglected tropical diseases will boost fight against HIV, TB, and malaria
6. Controlling neglected tropical diseases could help make poverty history
7. Researchers find deadly prescription drug effects 6 years before FDA
8. Drug labels are prescriptions for mistakes
9. OPICAN study in seven Canadian cities reveals prescription opioid abuse more prevalent than heroin
10. New study on relationship between literacy and understanding of prescription labels
11. FDA approves prescription Zaditor for over-the-counter relief from itchy eyes

Post Your Comments:

(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and Nutrition ... the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD market ... can be easily incorporated into liquid products, while reducing costs to end users. , ...
(Date:10/13/2017)... ... October 13, 2017 , ... Apple Rehab Shelton Lakes , which specializes ... of the facility as part of a disaster drill on October 3rd. , Apple ... Shelton City Emergency Manager, as well as the Connecticut Long Term Care Mutual ...
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading network for professional women, ... towards gender equality at their inaugural Summit in New York City in June. The ... social audience of over 3 million. To watch the Mobilize Women video, click ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... giving viewers the lowdown on sciatica in a new episode of "Success Files," ... on current events and innovation and investigates each subject in-depth with passion and ...
(Date:10/13/2017)... ... 2017 , ... “America On The Brink”: the Christian history of the United ... the creation of published author, William Nowers. Captain Nowers and his wife, Millie, ... spent thirty years in the Navy. Following his career as a naval aviator ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... LAWRENCE, Mass. , Oct. 4, 2017 /PRNewswire/ ... developer of single-use, self-contained, illuminating medical devices, today ... National Health Surveillance Agency (or Agência Nacional ... ®. The first single-use, cordless surgical retractor with ... ONETRAC provides optimal access, illumination and exposure of ...
(Date:10/2/2017)... , Oct. 2, 2017 Halo Labs announces the European ... system called the HORIZON at MIBio 2017 in Cambridge, ... and visible particulate matter in biopharmaceutical samples with unprecedented speed and ... the novel technique Backgrounded Membrane Imaging. ... The HORIZON subvisible particle analysis system ...
(Date:9/27/2017)... 2017  Commended for their devotion to personalized service, SMP ... number one in the South Florida Business Journal,s 50 Fastest-Growing ... yearly list, the national specialty pharmacy has found its niche.  ... will soon be honored by SFBJ as the 2017 Power ... Set to receive his award in October, Bardisa said of ...
Breaking Medicine Technology:
Cached News: