Have you ever gone to the doctor and pharmacy and someone asks you later, “What did they say?” and you honestly don’t know? The result is people take medications incorrectly.
Taking medications incorrectlycauses $188 billion in lost drug sales for pharmacies and manufacturers, $290 billion dollars in annual losses for insurers and 100 billion dollars in unnecessary hospital visits.
total US pharmaceutical revenues for Diabetes totaled about $20Bn with $17.6Bn in chronic meds like insulin. Considering an estimated mean adherence rate of 60% across medications, the estimate of revenue lost in this therapeutic area is $11.4 billion or 58% of total revenue.Estimated Annual Pharmaceutical Revenue LossDue to Medication Non-Adherence
total US pharmaceutical revenues for Diabetes totaled about $20Bn with $17.6Bn in chronic meds like insulin. Considering an estimated mean adherence rate of 60% across medications, the estimate of revenue lost in this therapeutic area is $11.4 billion or 58% of total revenue.
Imagine that, instead of just receiving a medication prescription from your physician, you receive a prescription for a medication plus a service.
In fact, 24 month retention rates on medications for chronic diseases are 33 percent.
IMPACTMeds Presentation in HITLAB's Healthcare Innovation Worldcup Semi-Finals
“Increasing the effectiveness of adherence interventionswill have a far greater impact on the health of the populationthan any improvement in specific medical treatments.”World Health OrganizationConfidential - Socially Relevant Inc.IMPACTMeds
Increases Costs and Hospitalization RiskPoor Adherence2Confidential Do Not Distribute
The cost to insurers whenrefill rates for Diabetespatients is less than 80%
6 2 % o f Pe o p l eW h o N e e d M e d i c a t i o n s fo rD i a b e t e sW i l l S t o p B u y i n g T h e mW i t h i n 2 4 M o n t hConfidential Do Not Distribute
Patients often suffer from unnecessary complications includingheart attacks, strokes, heart failure, peripheral vascular disease,amputations. End-stage renal disease,retinopathy and vision loss.
Improving medication adherence by only25%just for Diabetes Drugs wouldincrease Pharmaceutical sales by2.9 BILLION DOLLARSSOURCE: Estimated Annual Pharmaceutical Revenue Loss Due to Medication Adherence, Capgemini Consulting
The Gold Standard Solution14 years of clinical trials conducted by the AmericanPharmacy Association demonstrate a3x increase in adherenceProject IMPACT
Confidential- Socially Relevant Inc.Participating Pharmacies DeliveringIMPACT Care Today
Pharmacists Provide Patients with Education &Simple Tools to Improve Medication AdherenceConfidential - Socially Relevant Inc.
How We Scale AdherenceIMPACT Programs Increase Adherence by 3x in Clinical TrialsConfidential Do Not Distribute
The Users’ ExperienceThe Pharmacy ed u cation ,cou n selin g & tools p rovid edby p h armac istsAt Home get med icationinformation , remin d ers, trac kusage and counseling onlineConfidential Do Not Distribute
Pharmacists’ ExperienceConfidential Do Not Distribute
Confidential- Socially Relevant Inc.Patients Can:1. Find a pharmacist, tools and technology2. Ask medication questions3. Schedule to meet with a pharmacist4. Redeem Med Credits5. Meet online using video or at pharmacyEasy Access Online
Prepaid MedCreditsName:Patient No:Signature:ACO _________________________Manufacturer _________________________Insurance _________________________John DoeA987654Employer _________________________Date: 04/30/13100200400QTYMedCreditsGet answers to medication questions for free and receive special care.Redeem Med Credits at your local pharmacy or www.IMPACTMeds.comMed Credits expire in 60 days. Ask your pharmacist for more.Special CareProvided by:™™Simple for Patients & SponsorsMedicare Part DDallas NephrologyAmgen
Contact information:BenjaminBluml,R.Ph.VP ResearchAPhA Foundationwww.APhAFoundation.firstname.lastname@example.orgDavidParpart,D.C.CEOwww.IMPACTMeds.comdrparpart@IMPACTMeds.comIMPACTMedsConfidential Do Not DistributeWe Provide Pharmacists and Patients with SimpleTools to Improve Medication AdherenceNidhiSharma,Nurse, MBAVP Partnershipswww.IMPACTMeds.comNidhi@IMPACTMeds.com