Public Health

Industry Voices--Cracking the code on drug cost savings through transparency

Fierce Healthcare
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Industry Voices--Cracking the code on drug cost savings through transparency

True costs rarely known...

In this Fierce Healthcare article you'll learn about:
  • Physicians have prescribed medications, while being blind to their costs.

  • Extensive electronic health record adoption within the past few decades has done little to improve drug cost transparency. Despite cost transparency regulations, prescribers may not see a drug price in their EHRs when prescribing.

  • Most cost transparency services provide transaction counts but lack clearly documented savings and ROI resulting from more cost-effective prescribing. For a variety of reasons, drug-specific rebate information is not shared between the PBM, payer, patient, or provider. This means that the true net cost of a particular drug is rarely known.

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