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The $100 Billion Problem with Medication Adherence

The $100 Billion Problem with Medication Adherence

Medication adherence, or the lack thereof, is a costly problem within the U.S. healthcare system. When patients fail to take their medicine according to prescribed dosage, time, frequency and direction, adherence declines and doctor and emergency room visits increase. This can result in up to 69 percent of medication-related hospital visits at a cost of approximately $100 billion a year.

The statistics speak for themselves: only seven in 10 consumers get their prescriptions filled, while just three out of 10 have their medications refilled. Although there may be other contributing factors as to why this problem exists, the bigger problem is that patients are not getting the information they need, or reminders of how, to adhere to prescriptions properly.

As a pharmacy benefit manager, your organization has the ability to help these individuals stay healthy through proper medication adherence. Here are two solutions you can implement to help alleviate this costly problem:

Medication non-adherence doesn’t have to be an issue, but unfortunately, it is capable of making a huge impact on the entire healthcare industry. PBMs and health plan providers can help reduce the negative effects by offering patients better access to information and reaching them through their preferred methods. To find out more about mHealth solutions for medication adherence, contact RxEOB today.