Webinar Date: June 3, 2021 3:00 pm
We have a problem. When drugs are wrong, skipped or make you sick, 275,000 lives are lost. Add to that the $528 billion wasted.1 Much of the economic burden is absorbed by self-insured employers through cost drivers like readmissions, additional ER visits or more mediations needed to fix the problems. This is unacceptable.
Watch this webinar to hear from two leading experts on ways to implement a buy-right strategy when working with medical carriers, PBMs, etc., and in structuring benefit plan design on the medical and pharmacy side as you pursue value-based care.
After viewing this webinar, you will:
- Understand why the current system of trial-and-error medication use must change in order to eliminate the waste of health plan assets.
- Understand how comprehensive medication management (CMM) is being used today to effectively transform and optimize medication use while achieving measurable, positive treatment outcomes that save lives and money.
- Grasp the value equation for employer advocacy for a new medication use process through CMM in practice.
- Recognize why employers should be key leaders of change.
- Learn what you can do to take action now!
The Employer Toolkit, developed by the GTMRx Employer Toolkit Taskforce, explores the benefits of CMM for individuals and for the employers who pay for benefits.
The toolkit covers topics, such as:
- What is CMM
- How CMM differs from traditional MTM
- The ROI of CMM in practice
- Patients that benefit the most from CMM services
- CMM & value-based strategies (return-on-investment)
- CMM & Pharmacogenomics testing
- Employer call to action
Comprehensive Medication Management: Employers hold the key to solving the $528B health care problem
“In CMM, the goal is not to see how much money can be made off of a rebate program. The goal here is to achieve the best clinical outcomes individually for the patients who are the most in need of this particular service.”—Sandra G. Morris, RN, MSN, CHC, senior advisor, GTMRx Institute; president, About Quality Benefits Design; and former senior manager, US Benefits Design, Procter & Gamble
Medicine is how we treat most conditions: Roughly 75%-80% of physician office and hospital outpatient clinic visits involve medication therapy.1,2 And more often than we would like, it is how disasters occur. More than 275,000 die each year because of medication misuse, overuse or underuse. The financial cost tops $528 billion annually,3 and employers are on the hook for a large portion of that.
Employers have the incentive, the leverage and the responsibility to change this. The evidence, best practices and tools are there to solve the systemic issues that lead to suboptimal medication use. Employers can lead the charge, through their contract authority and work with their suppliers, but they first must understand just how irresponsible doing nothing is.