Medication costs

Disrupting Pharmacy Benefit Management: RxParadigm Launches to Restore Drug Industry Competitiveness and Reduce the Costs of Prescription Drugs for Americans

Retrieved on: 
Tuesday, February 9, 2021
General Health, Other Health, Hospitals, Health, Pharmaceutical, Health sciences, Health care, Health, Pharmacy, Pharmaceutical industry, Pharmaceuticals policy, Clinical pharmacology, Symbols, Pharmacy benefit management, Medication costs, Prescription drug, Medication

Mesfin Tegenu negotiated billions of dollars of prescription drug contracts with leading pharmaceutical companies over a 25-year career.

Key Points: 
  • Mesfin Tegenu negotiated billions of dollars of prescription drug contracts with leading pharmaceutical companies over a 25-year career.
  • RxParadigm will focus on increasing competition in a powerful, yet little understood channel, Pharmacy Benefit Management (PBM).
  • Originally conceived in the 1960s, PBMs were created to aggregate the buying power of several insurance companies to drive down drug prices.
  • Net spending on outpatient prescription drugs is expected to rise by more than 5% annually between 2020 and 2028 .

Alto Pharmacy Accelerates National Growth With Launch of Three New Markets

Retrieved on: 
Monday, February 1, 2021
Online Retail, Medical Supplies, Retail, Health, General Health, Pharmaceutical, Health sciences, Health, Symbols, Clinical pharmacology, Pharmaceuticals policy, Health informatics, Pharmacy, Telehealth, Medical prescription, Pharmacist, Prescription drug, Medication costs

This expansion allows Alto to continue delivering industry-leading patient-centric pharmacy care to millions of Americans who take prescription medications while setting a new standard for the role of pharmacy as an extension of the healthcare provider experience.

Key Points: 
  • This expansion allows Alto to continue delivering industry-leading patient-centric pharmacy care to millions of Americans who take prescription medications while setting a new standard for the role of pharmacy as an extension of the healthcare provider experience.
  • Alto customers can also see medication price comparisons, manage their medications within the app, and connect directly with a pharmacist to ask questions about prescription instructions or side effects.
  • A single Alto distribution location covers the same geographic area as about 400 chain pharmacy locations with its free same-day delivery service.
  • Alto is a telehealth pharmacy that helps people live healthier by making the prescription experience easier, more supportive, and more affordable.

Record-Breaking Prescription Medication Price Hikes from Drug Makers

Retrieved on: 
Thursday, January 28, 2021
Health sciences, Health, Pharmaceuticals policy, Drug pricing, Pharmaceutical industry, Pharmacy, Clinical pharmacology, Medication costs, Prescription drug, Medicare, Medication, Medical prescription

After significant price hikes from drug makers, more Americans than ever are looking to online Canadian pharmacies for more affordable and convenientaccess to prescription medications

Key Points: 
  • After significant price hikes from drug makers, more Americans than ever are looking to online Canadian pharmacies for more affordable and convenientaccess to prescription medications
    SURREY, BC, Jan. 28, 2021 /PRNewswire/ - The Trump administration worked to lower drug prices by signing four executive orders, which included one on importing medications from Canada.
  • He has said he plans to address the high prices Americans pay for prescription drugs with proposals that include allowing the government's Medicare program to negotiate costs, letting patients import drugs from abroad and linking price hikes to inflation."
  • While most Americans' attention is focused on battling the COVID-19 pandemic, behind the headlines, drug makers have been raising their prices on brand-name prescription medications.
  • An expected result of the recent price hikes is that more Americans will seek alternative solutions to find the drugs they need at a price they can afford.

TailorMed and the Patient Access Network (PAN) Foundation Launch New Initiative to Reduce Financial Barriers for Low-income Medicare Beneficiaries

Retrieved on: 
Tuesday, January 19, 2021
Drug pricing, Medication costs, Pharmaceutical industry, Pharmacy, Out-of-pocket expense

"We are excited to partner with PAN to remove patient financial barriers to care," said TailorMed CEO Srulik Dvorsky.

Key Points: 
  • "We are excited to partner with PAN to remove patient financial barriers to care," said TailorMed CEO Srulik Dvorsky.
  • By partnering with PAN, we hope to alleviate some of the financial hardship for individuals and families who need it the most."
  • "Even with financial assistance for their out-of-pocket medication costs, many of our patients still face significant financial barriers to care.
  • The PAN Foundation is one of the largest U.S. charitable organizations providing financial support to underinsured patients.

Navitus Health Solutions Launches Program to Help Members Overcome Challenges Along the Prescription Journey

Retrieved on: 
Friday, January 15, 2021
Managed care, Pharmaceutical, Health, Health sciences, Pharmacy, Health care, Health, Symbols, Clinical pharmacology, Drug pricing, Pharmaceutical industry, Pharmacy benefit management, Medical prescription, Academic detailing, Medication costs

This three-pronged solution consists of Medication Therapy Management, Academic Detailing and Personalized Member Transitions to help health plans, providers and patients navigate the complex prescription journey.

Key Points: 
  • This three-pronged solution consists of Medication Therapy Management, Academic Detailing and Personalized Member Transitions to help health plans, providers and patients navigate the complex prescription journey.
  • Members face a number of crossroads along their healthcare journey, said Dr. Julie Olson, senior director of population health programs and product development at Navitus.
  • With Navitus new Clinical Engagement Center, were able to deliver personalized clinical support while mitigating ancillary prescription costs.
  • Navitus Health Solutions, a division of SSM Health and Costco Wholesale Corporation, serves as a full pass-through pharmacy benefit manager (PBM) and industry alternative to traditional models.

The Launch of Prescription Service LitonRx Shakes Up the Pharmacy Industry with Free Same Day Delivery and Lowest Price Guarantee

Retrieved on: 
Tuesday, January 12, 2021
Health sciences, Health, Pharmacy, Clinical pharmacology, Pharmaceuticals policy, Symbols, Pharmaceutical industry, Prescription drug, Medical prescription, Medication costs

LitonRx, a new prescription service launching January 4th, promises to be a game-changer for both patients and providers when it comes to accessing their medications.

Key Points: 
  • LitonRx, a new prescription service launching January 4th, promises to be a game-changer for both patients and providers when it comes to accessing their medications.
  • Accepting major insurances and offering free prescription delivery anywhere in Arizona and in most cases, free same day delivery, LitonRx provides a fast, affordable, digital alternative to waiting in line at the pharmacy.
  • At LitonRx we are here to make the prescription process easy, affordable and convenient for all."
  • Visit their website http://www.LitonRx.com today to receive your free discount card, to reduce your prescription costs by 60 to 80%.

Are Americans Ready for Increased Health Care Costs Next Year?

Retrieved on: 
Thursday, December 10, 2020
Health sciences, Health, Pharmacy, Pharmaceuticals policy, Drug pricing, Clinical pharmacology, Drugs, Prescription drug, Medication costs, Health care in the United States, Healthcare in Canada

Nearly three in five (58%) say they would be financially prepared to afford the cost of their health care if it were to increase in January 2021.

Key Points: 
  • Nearly three in five (58%) say they would be financially prepared to afford the cost of their health care if it were to increase in January 2021.
  • This increased concern around their health may be why nearly one in five (18%) have done more research on health care or prescription medication costs - one of the biggest fluctuating costs for most consumers - now more than ever.
  • "As more Americans plan for rising prescription costs in 2021, RxSaver remains focused on our mission of making health care affordable," said Kim Read, Senior Vice President and General Manager of RxSaver.
  • RxSaver is utilizing this survey data to better serve Americans as they manage both personal health and financial changes.

Kit Check Launches Bluesight Insights™ to Deliver Simplicity, Predictability and Visibility into the Pharmaceutical Supply Chain

Retrieved on: 
Monday, December 7, 2020
Technology, Software, Other Health, Health, Pharmaceutical, General Health, Retail, Data management, Supply chain management, Pharmaceutical industry, Drug pricing, Pharmacy, Medication costs

Kit Check , the market leader in software solutions for item-level visibility in the pharmaceutical space, today announced that is has expanded its offerings with the launch of Bluesight Insights.

Key Points: 
  • Kit Check , the market leader in software solutions for item-level visibility in the pharmaceutical space, today announced that is has expanded its offerings with the launch of Bluesight Insights.
  • Bluesight Insights is poised to make this process markedly easier, helping organizations save on their drug spend while offering transparency and visibility into drug prices.
  • Kit Check is the leading provider of automated medication tracking and diversion detection solutions for hospital pharmacies in the U.S., bringing visibility, simplicity, and predictability to the complex world of medication supply management.
  • More information about Kit Check and our software solutions can be found at kitcheck.com .

Immediate Announces New Partnership with Prescription Discount Program ScriptSave WellRx

Retrieved on: 
Tuesday, November 10, 2020
Health sciences, Health, Pharmaceuticals policy, Drug pricing, Pharmaceutical industry, Drugs, Prescription drug, Medication costs, Pharmacy, Out-of-pocket expense, Prescription drug prices in the United States, Medicare Part D

ScriptSave WellRx negotiates discounts ondrug prices with pharmacies nationwide, providing reduced prices on thousands of prescription drugs, including pet medications.

Key Points: 
  • ScriptSave WellRx negotiates discounts ondrug prices with pharmacies nationwide, providing reduced prices on thousands of prescription drugs, including pet medications.
  • "We admire what Immediate is doing to advance financial wellness for employees across the U.S.," said Marcus Sredzinski, PharmD, executive vice president and chief operating officer for ScriptSave WellRx.
  • "For employees with limited insurance or no prescription coverage, we can help significantly reduce out-of-pocket costs," said Debbie Payne vice president, salesand account management at ScriptSave WellRx.
  • ScriptSave WellRx has saved consumers more than $10 billion dollars in prescription costs over the last 25 years.

2020 Drug Patent Database for United States Top Drug Sales - Annual Gross Revenues & Units Sold - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 28, 2020
Health, Pharmaceutical, Health sciences, Pharmaceutical industry, Pharmaceutical sciences, Pharmacy, Life sciences, Drug pricing, Subscription business model, Medication costs, Medication, Subscription

The "Drug Patent Database Subscription: US Top Drug Sales" database has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Drug Patent Database Subscription: US Top Drug Sales" database has been added to ResearchAndMarkets.com's offering.
  • This subscription was created to answer a simple question: When do drug patents expire?
  • Since then dozens of additional datasets have been added by aggressive adaptation based on your needs.
  • This subscription for the US Top Drug Prices portion of the database offers information on:
    Global biopharmaceutical markets face constant change.