Walgreens’ Surescripts deal heralds bright future for pharmacy
WHAT IT MEANS AND WHY IT’S IMPORTANT — There is power in information. There is even more power in that information when it is conveniently available at the precise moment it is needed — in this case, during one of a patient’s increasingly time-crunched appointments with a general healthcare practitioner. Today more than half (52%) of all office-based doctors are using that Surescripts network to streamline and help manage the prescriptions they write, which is connecting them to 94% of all retail pharmacies. Efficiently coordinating care across the multitude of healthcare practitioners that patients are regularly engaging is not the future of health care; it’s the today of health care. Is your business ready?
(THE NEWS: Walgreens to deliver immunization data over Surescripts network. For the full story, click here.)
According to a Surescripts study released last month regarding the impact of e-prescribing on medication adherence and subsequent cost savings, there has been an approximate 10% increase in patient first-fill medication adherence among physicians who adopted e-prescribing technology when compared with physicians who did not use e-prescribing. Prior studies have documented that as much as 28% of all paper prescriptions had never made it to the pharmacy, so this represents strong momentum toward increasing patient compliance and reducing healthcare costs.
Generically apply that 10% lift to immunization compliance, and there would have been an additional 11 million patients inoculated from influenza over the 2011-2012 cough, cold and flu season. According to the Centers for Disease Control and Prevention, by early November 2011, an approximate 36% of people 6 months and older had been vaccinated. That translates to about 111 million people and represents a 3.5 percentage-points lift versus the 2010-2011 cough, cold and flu season. And for children this past season, almost 37% were inoculated versus 31% last year. That positive momentum can only be enhanced by a physician’s ability to verify vaccination compliance across their patient base.
But this won’t stop at immunizations. There’s too much potential here for improvements across overall disease state management as pharmacy and retail clinics continue to build out not only medication-therapy management capabilities, but also disease-state management and disease-diagnostics offerings. And stay tuned — later this week, the Food and Drug Administration will be meeting to discuss how to further augment the pharmacist’s role in the administration of health care as the agency explores expanding its Rx-to-OTC paradigm through better utilization of the pharmacist.
Kudos to LegitScript for uncovering a lot of ‘BS’
WHAT IT MEANS AND WHY IT’S IMPORTANT — Internet.bs, huh? Hmm … wonder what the BS stands for?
(THE NEWS: At least one-third of rogue pharmacies under one domain name registrar, report finds. For the full story, click here)
LegitScript, a company that verifies online pharmacies, went undercover, saying that it was interested in having Internet.bs host its illegal online pharmacies.
LegitScript did everything it could think of to show the illegality of its “Pay-Rx.biz,” and yet Internet.bs was glad to take the business. Heck, it even provided the president’s personal cell phone number. Talk about great customer service.
Well, kudos to LegitScript for getting to the bottom of this!
According to LegitScript, Internet.bs, one of about 450 domain name registrars accredited by the Internet Corporation for Assigned Names and Numbers, accounts for 0.2% of the total registered domains online, but between 32.9% and 44% of the rogue online pharmacy domains, not including the ones that LegitScript registered. Another registrar, ABSystems, has an additional 17.3% of rogue pharmacy domain names.
If any one of the individuals involved with Internet.bs or ABSystems sets foot in the United States, perhaps a fitting punishment would be to lock them up and force them to take the crap drugs it was trying to sell to innocent people.
Affordable Care Act helped seniors, people with disabilities save more than $3 billion on Rxs
WASHINGTON — More than 5.1 million seniors and people with disabilities on Medicare saved billions on prescription drugs, thanks to the Patient Protection and Affordable Care Act, according to Department of Health and Human Services secretary Kathleen Sebelius.
New data found that these individuals saved more than $3.2 billion on prescription drugs, while savings for seniors included a one-time $250 rebate check to those who hit the "donut hole" coverage gap in 2010 and a 50% discount on covered brand-name drugs in the donut hole in 2011.
"Without the healthcare law, more than 5.1 million seniors would have faced $3.2 billion in higher drug costs," Secretary Sebelius said. "As we move forward, seniors will save even more as the new law completely eliminates the Medicare donut hole."
Meanwhile, about 103,000 seniors and people with disabilities saved $93 million in the donut hole through the first two months of 2012, according to the Centers for Medicare and Medicaid Services. This year, Medicare beneficiaries will receive a 50% discount from manufacturers on covered brand-name drugs and a 14% savings on generic drugs in the donut hole, according to HHS and CMS, which noted that The Affordable Care Act expands these discounts over time until the donut hole is closed in 2020.
"Already this year, tens of thousands of seniors and people with disabilities are starting to see increased savings as they enter the donut hole," CMS acting administrator Marilyn Tavenner said. "The Affordable Care Act has made prescription drugs more affordable for Medicare beneficiaries, protecting the health and pocketbooks of millions of America’s seniors."