According to the article “Originator and generic medicine: pricing and market share” the cost of pharmaceutical drugs accounts for a significant portion of the total health expenditure (Eon Van Der & Brendenkamp, 2013). Pricing strategies are used to create affordable costs, while also providing quality for prescription drug management programs. As part of the goals of pricing strategies, benefit management programs use pharmaceutical benefit managers to negotiate prices, create a savings out of
service must emphasize customer’s satisfaction, customer’s safety, and process efficiency. The purpose of CVS is to satisfy consumer’s needs, guarantee the accuracy of filling prescription and the health of customers, and improve the existing pharmacy fulfillment process.
children and adolescents. Studies on the process of drug utilization focus on factors related to prescribing, dispensing, administering and taking of medication and its associated events. Drug utilization play a significant role in helping the health-care system to understand, interpret and improve the prescribing administration and use of medications.1 The irrational use of drugs is known to an increase in the cost of treatment, incidence of adverse drug reactions. Markets for children 's medicines tend
frightening fact lies in the cost of prescription medications. The price for prescription medications is quickly
strategies and tools to charge employers for prescription drugs. These strategies help PBM’s turn a profit while still being able to create a fair and affordable situation to the employer. The goal for PBM’s is to remain competitive while generating a business contract between the organizations and pharmaceutical companies. The organization must be able to take an active role in their contracts to continue to provide quality and affordable prescription drug programs. “A comprehensive generics program
Prescription drugs abuse Prescription drugs are very useful in different ways, and it is one of the first options that people take when they feel any can of paint, disease, or another kind of physiologic problem, even though prescriptions drugs are prescribed by a doctor, and given by a pharmacist, is an individual exceed the doses it can cause several problems, and in some cases, it can make the person addicted. It is kwon that illegal drug such a cocaine can be extremely prejudicial and addictive;
companies that administer drug benefit programs for employers and health insurance carriers. PBMs contract with managed care organizations, self-insured employers, insurance companies, unions, Medicaid and Medicare managed care plans, the Federal Employees Health Benefits Program and other federal, state, and local government entities to provide managed prescription drug benefits. They designed the pharmacy benefit plan, processed prescription drug claims, reviewed prescriptions, encouraged the use
Prescription Opioid Abuse: An Increasing Epidemic with Solutions in Prescribing The rate of poisonings associated with drug overdoses has been on the rise, especially concerning those involving opioids (Paulozzie, Budnitz, & Xi, 2006). The Centers for Disease Control and Prevention (CDC) does not mince words regarding the status of opioid utilization in the United States: ?The United States is in the midst of an opioid overdose epidemic? (CDC, 2016). Opioids are now the most common cause of prescription
"Medication reconciliation is the process of comparing a patient's medication orders to all of the medications that the patient has been taking. This reconciliation is done to avoid medication errors such as omissions, duplications, dosing errors, or drug interactions. It should be done at every transition of care in which new medications are ordered or existing orders are rewritten. Transitions in care include changes in setting, service, practitioner, or level of care. (Barnsteiner, nd, p.1) There
any practice that is advanced as having the mending impacts of prescription, yet does not start from proof accumulated utilizing the exploratory strategy, is not some portion of biomedicine, or is repudiated by investigative confirmation or set up science. It comprises of an extensive variety of medicinal services practices, items and treatments, going from being organically conceivable yet not all