A Focus on Diabetes Nonadherence & Cost

According to the Center for Disease Control and Prevention, diabetes is the seventh leading cause of death in the United States. Studies have shown that diabetes affects patients, employers, and society not only by reducing employment but also by contributing to work loss and health-related work limitations for those who remain employed. It's essential to find a way to ensure that your employees that are in need of diabetes medications are able to get them without struggle.


Overcoming Poor Adherence
Unfortunately, although these medications are essential for the health and wellbeing of patients, medication nonadherence is still an issue for several reasons. Not only is taking diabetes medications burdensome or difficult for patients, but it's also very costly and patients simply do not have access to their medications. To try to save money on their medications, patients may avoid filling their prescriptions or may begin cutting back on their dosages against their doctor's recommendation. Because of these reasons, it's essential to find ways to remove the roadblocks for diabetic patients by supplying them with cheaper, more accessible treatment solutions.

Management and Treatment is Costly
More than 100 million U.S. adults are now living with diabetes or prediabetes, according to the Centers for Disease Control and Prevention. According to the American Diabetes Association, the average cost of health care for a person with diabetes is $13,741 a year. That's more than twice the cost of health care for a person without diabetes. Many people who have diabetes need help paying for their care in order for them to remain adherent to their treatment.

Saving on Medications and Supplies
With prescription drug costs rising, generic alternatives to brand-name medications may help increase patient savings. Generic drugs are safe, effective, FDA-approved and less expensive. If patients are made aware of their right to ask for a generic alternative when it's available, this can help them take control of their out of pocket expense. Patient Medication Assistance Programs offered by pharmaceutical companies, nonprofit groups, or state governments, can also help financially needy patients purchase necessary medications and supplies.

As a self-funded employer, it's important to continue to offer benefits that employees need, and that will help keep your employees healthy and adherent to their treatment. As cost of prescription drug benefits continues to rise, it's essential to minimize these costs while still providing useful benefits.

Allowing Synergy Pharmacy Benefit Consultants to continually review your prescription drug plan and claims provides you the opportunity to save anywhere from 10%-20% in your pharmacy costs. Regular utilization report cards can help to identify parts of a plan that may need improvement. It can also help to identify areas that could be cut to preserve spending. You can also save money by adjusting copays, modifying benefit design, and adding proactive clinical, specialty drug management and assistance opportunities. Let Synergy Pharmacy Benefit Consultants help you pinpoint the areas that need improvement and help you save money in the process!

Make sure to subscribe to our blog and social media accounts to learn more about what we do and stay up-to-date on the ever-changing world of pharmaceutical benefit services!

Affordable Best-in-Class 

Pharmacy Benefit Management Solutions

Synergy Pharmacy Benefit Consultants, LLC
2111 Bagnell Dam Blvd #37
Lake Ozark, MO 65049

Comments

Popular posts from this blog

What's Affecting Rx Drug Costs and Tips to Control It

TAKE FIVE – Educate: A Cliff Note Series on Pharmacy Benefit Management

TAKE FIVE – Investigate: A Cliff Note Series on Pharmacy Benefit Management