Action changes things.
The high price of prescriptions at the pharmacy counter isn’t the only drug cost problem in the U.S. A new study finds that illness and death resulting from the wrong prescription, the wrong dose, skipped doses or new medication-related issues—what the authors call “non-optimized medication therapy”—cost an estimated $528 billion a year. That represents 16 percent of total U.S. health care expenditures, according to research published March 26, 2018 in the Annals of Pharmacotherapy and coauthored by Terry McInnis, MD, co-founder of the Get the Medications Right Institute.
We invite you to offer evidence of work done to improve care through comprehensive medication management and team-based care.
Consider these 7 Things:
- We are on the cusp of a new era of specialty medications and gene therapies that will transform care, calling for appropriate use of companion and complementary diagnostics for medications.
- In less than a decade there will be a shortage of primary care physicians, which could further fragment care.
- We have not closed the feedback loop between specialists and primary care providers relating to medication use.
- There are more medications than ever, and FDA is approving them at a faster pace.
- Prescription drug costs are rising by double digit rates.
- Pharmacogenomics informs which combination of medication and dosage is most effective and safe for a particular patient.
- The 21st Century Cures Act will accelerate the discovery, development, and delivery of cures, allocating $4.8 billion to the NIH for precision medicine and biomedical research and more widely opening the door for discoveries for more personalized medicine.
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