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
lies in the cost of prescription medications. The price for prescription medications is quickly becoming one of the largest medical expense burdens on Americans today. Many Americans are cutting expenses in other areas of their lives such as groceries and entertainment in order to obtain the pills that directly affect their health. Some people do not have prescription medication coverage in their policies and have to pay 100% out of pocket. The demand of certain drugs is causing and allowing
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
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
"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
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
substantial piece of the U.S market in the health sector is run by the prescription drugs and, therefore, making the U.S the global largest market of pharmaceuticals accounting for more than a third of the world’s expenditure on drugs. It is estimated that in 2014 slightly over $300 billion were spent on prescription drugs which accounts for roughly 10 cents of every dollar in the U.S healthcare market. The U.S expenditure on prescription drugs has been growing at an annual rate of 11% for the last 27 years
longer “the answer” to pain relief. Complementary and Alternative Medicine (CAM) has been around for centuries, relieving fatigue, stress, and pain naturally. Alternative medicine is 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
hospitalization (including surgery), maternity and newborn care, mental health and substance use disorder services, including behavioral health treatment (including counseling and psychotherapy), prescription drugs, rehabilitative and habilitative services and devices, laboratory services, preventive and wellness services and chronic disease management pediatric services, including oral and vision care” (Texas Government, 2015, para. 4). Inpatient Services
Checking the security of pharmaceutical use in youngsters is of central significance since, during the clinical improvement of prescriptions, just constrained information on this perspective are produced through clinical trials. Utilization of pharmaceuticals outside the determinations depicted in the permit (e.g. as far as definition, indications, contraindications or age) constitutes off-name and off-permit use and these are a noteworthy zone of concern. The abuse of antibiotics in kids is turning