Moreover, generic drugs manufacturers sometimes start production of patent-protected drug analogues even before a patent expires. Although research-oriented companies in many cases are able to protect their patents, they do suffer from lost revenues.
Patient portals offer many functions to allow a patient or proxy access to healthcare information to help improve patient healthcare. Within the patient portal a patient can access a portion of their health record; such as “medical history, health issues, medication lists, test results, care plans, allergy list,” schedule appointments, view and pay bills online, request medication refills, fill out forms electronically, and upload clinical information (Sayles 331). In addition, there are other functions that Surae Lucie took advantage of to help get her mother’s health back on track that are recommended by the National Learning Consortium. She used proxy access to access her elderly mother’s record, and sent messages to her mother’s healthcare providers to get her mother’s medication dosage and
Each plan is also followed by a detailed chart that breaks down which tier each medication falls under, estimated full drug cost at each pharmacy, whether any special actions are to be taken to receive the medication. There are 5 tiers that these medications can fall into, and with each plan these medications either fall into tier 3, 4, or 5. Tier 3, also known as preferred brand, are brand-name drugs that don’t have a generic equivalent. Tier 4, also known as non-preferred brand, are the higher-priced brand-name and generic drugs not in a preferred tier. Tier 5, also known as specialty, are the most expensive drugs on the drug list. Looking at drug coverage information and the estimated full drug cost at a retail pharmacy for each plan, it
Physician's offices: External data for this type of customers can be obtained from physicians that buy equipments; this data can be access to find out what type of referrals they give to patients. However, effort is needed in order to get this information; request should be sent to the physician's staff to provide statistics on the number of patients, the referrals and expenditures. Along with this, internal records can also be used to counter check the equipments that were purchase by the physicians.
'Having a new version of the drug ... you’re essentially wiping the slate clean — if any generic company wants to create a generic version, they’re going to have to start a lawsuit,' said Jacob Sherkow, an associate professor at New York Law School. 'You get to start the pricing strategy process all over again.'
So studying the presence and magnitude of this habit persistence in physician drug choice is very important from a public policy point of view also. If the persistence in drug choice of the physicians increases, it can prevent the adoption of these low-cost generic drugs, and it might put pressure on the overall healthcare costs. Usually generic drugs are known for a cheaper price and easily available in the market, and they can reduce the healthcare costs significantly. In addition, the presence of significant drug persistence in physician drug choice could act as a barrier to the adoption of innovations and of new medical technologies coming up in the market. So understanding of the prescribing behavior or the prescribing trends of physicians
prescription, because all drugs, including those that can heal, can also cause harm. Doctors, nurses and other health professionals have the necessary training and experience to help them decide whether drugs are indicated in particular cases. This is why they make the prescription decision, not patients. Prescription drug advertising pressures health professionals to prescribe particular medications, and often the ones that may be less effective and more expensive and dangerous. This intrudes in the relationship between medical professionals and patients, and disrupts the therapeutic process. It takes up valuable time to explain to patients why they may have been misled by the drug advertisements they have seen. Prescription drug advertising
In the United States, a drug can only be advertised legally after being approved by the Food and Drug Administration (FDA). Once attaining at least one FDA-approved use, physicians can prescribe a drug for other unapproved uses, based on their clinical judgment; this is referred to as “off-label use” (McCambridge, 2008). In general, marketing drugs for off-label uses is illegal; however, pharmaceutical companies have gone to various lengths within their legal rights to accomplish exactly that.
You can see online medical stores are sprouting on the Internet. This increases the responsibility on your shoulder to find out that your chosen pharmacy is genuine or not. There are several medicines, which are not allowed for over-the-counter sale. You need to submit your prescription in order to purchase these matters. In case your chosen pharmacy is supplying all the medicines without any prescription, then the reliability of the company is understood. You cannot believe on this company to purchase high-quality medicines.
Accurate Information- Patients are allowed to fill out the details in the privacy of their homes. This can be beneficial for the clinic and the patients as they can know the details of their prescribed medications and insurance information. Usually, people forget their dosage of medication, which is essential to know on visiting the clinic. The online forms can save likely cancellations and time on by alerting you before the appointment to take the next steps for the smooth experience.
It allows you to create tailored communication for each patient that visit the doctor. It also includes sending them reminders for the appointment, offering promotional deals and even registering feedback after they have received treatment.
On average, savings up to approximately $8 to $10 billion a year are noted at retail pharmacies. Generic drugs typically cost 80-85% less than their counterparts.These savings are increased when generics are used in hospitals as well. Often, when a new drug is first developed, it is protected by a patent of 20 years. When the patent expires, drug companies begin to market generic drugs which is more cost efficient as they do not have to develop a drug from scratch. The manufacturers spend most of their cost into testing to ensure that the generic drug has the same medical performance of the brand-name drug and is as safe and effective. They do not have to spend resources in performing clinical trials required for new drugs, and also spend less on marketing and
The answer to this question is simple, the generics have to have the same number of milligrams of medication that is included on the label of the brand name medication. In addition to this, the pills need to get within ten percent above or below the blood concentration of the original brand name drug that was approved by the FDA. However, the generic drugs usually only vary by three to four percent in one direction or the other. Most people never notice the difference between generic and brand name medication. The only major difference between the generic and brand name medication is that according to the FDA, generic drugs do not need to contain the same inactive ingredients such as gelatin or flavoring. Therefore, if the original brand name drug is marketed as a one hundred percent vegan, cruelty free, organic, gluten and soy free product, then the generic version of the medication may have different inactive ingredients that could change the medication. This is why medications made by different manufacturers may look different, however they still contain the same active ingredients. (Levine,
Perhaps this is a prime example of the priority of some doctors. Why would the physician not just leave the situation as it was and allow the ill patient to take the inexpensive medication? So now the question that remains is, are the physicians being bribed to prescribe the medications or are they being treated and rewarded for prescribing certain medications? These are points that only the doctors and drug representatives can answer and will not admit to. On the other hand, doctors and pharmaceutical representatives will say that these lunches and trips are just perks, not bribes. The pharmaceutical representatives are simply trying to create a relationship and educate the physicians about their drugs. Certainly most of these perks
According to the FDA, Generic Drugs have the same quality and performance as brand name drugs. The FDA requires generic drugs have to have the same active ingredient, strength, dosage form, and route of administration to be approved. They are required to have the pass tests proving they have the same bioequivalence as their brand name counterpart. For an example, for the generic drug to qualify as a generic drug, it must have the same blood concentration level as the brand name drug (U.S Food and Drug Administration, 2015).