In a data brief earlier this year, we shared some jaw-dropping results from our Real-Time Prescription Benefit service. As we explored prescription drug cost savings across medical specialties, we gained further insights into the cost savings on a per prescription basis. The table below highlights the average savings per prescription when a lower-cost alternative is chosen across five different specialties and types of drug.
As you can see from the data and the examples, providers are helping patients save real money on their prescriptions through these advancements in the prescribing process.
Since its launch, our Real-Time Prescription Benefit service has truly taken off at the point of care. In fact, it’s reinventing the health IT adoption curve thanks to prescribers embracing this highly desired technology at an incredible rate, and it’s delivering real savings to patients at the pharmacy.
In addition to these impressive out-of-pocket cost savings, prescribers are also saving significant amounts of time because they are able to choose a drug that doesn’t require a prior authorization. In fact, when prescribing a medication requiring a prior authorization and presented an alternative without a prior authorization, prescribers switched the drug 28 percent of the time.
With our Real-Time Prescription Benefit solution, integrated with Electronic Prior Authorization and Quanum ePrescribing, we are improving price transparency and increasing prescription efficiency. When prescribers and patients can see what a medication will cost, along with an at-a-glance list of therapeutic alternatives, they can choose a more affordable option—including one that doesn’t require a prior authorization. By working together, there is no limit to healthcare’s potential to increase care quality and safety while lowering costs.
Andrew Mellin, MD, MBA, is Vice President of Medical Informatics at Surescripts, where he helps the Surescripts Network Alliance improve the care experience for both providers and patients with a focus on technology and smart workflow solutions. Dr Mellin has over 20 years of experience in health information technology, patient quality and safety, consumer health and EHR implementation and adoption. He is board certified in Internal Medicine and worked as a part-time hospitalist in St. Paul, MN for 15 years.
Disclaimer: The views expressed in this blog post do not necessarily reflect the views of Quanum™, Quest Diagnostics® , or any of its employees.