IMPACTMeds Presentation in HITLAB's Healthcare Innovation Worldcup Semi-Finals
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Similar to IMPACTMeds Presentation in HITLAB's Healthcare Innovation Worldcup Semi-Finals
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IMPACTMeds Presentation in HITLAB's Healthcare Innovation Worldcup Semi-Finals
- 1. “Increasing the effectiveness of adherence interventions will have a far greater impact on the health of the population than any improvement in specific medical treatments.” World Health OrganizationConfidential - Socially Relevant Inc. IMPACTMeds
- 2. Increases Costs and Hospitalization Risk Poor Adherence 2 Confidential Do Not Distribute
- 3. The cost to insurers when refill rates for Diabetes patients is less than 80%
- 4. 6 2 % o f Pe o p l e W h o N e e d M e d i c a t i o n s fo r D i a b e t e s W i l l S t o p B u y i n g T h e m W i t h i n 2 4 M o n t h Confidential Do Not Distribute
- 5. Patients often suffer from unnecessary complications including heart attacks, strokes, heart failure, peripheral vascular disease, amputations. End-stage renal disease, retinopathy and vision loss.
- 6. Improving medication adherence by only 25% just for Diabetes Drugs would increase Pharmaceutical sales by 2.9 BILLION DOLLARSSOURCE: Estimated Annual Pharmaceutical Revenue Loss Due to Medication Adherence, Capgemini Consulting
- 7. The Gold Standard Solution 14 years of clinical trials conducted by the American Pharmacy Association demonstrate a 3x increase in adherence Project IMPACT
- 8. Confidential- Socially Relevant Inc. Participating Pharmacies Delivering IMPACT Care Today
- 9. Pharmacists Provide Patients with Education & Simple Tools to Improve Medication Adherence Confidential - Socially Relevant Inc.
- 10. How We Scale Adherence IMPACT Programs Increase Adherence by 3x in Clinical Trials Confidential Do Not Distribute
- 11. The Users’ Experience The Pharmacy ed u cation , cou n selin g & tools p rovid ed by p h armac ists At Home get med ication information , remin d ers, trac k usage and counseling online Confidential Do Not Distribute
- 12. Pharmacists’ Experience Confidential Do Not Distribute
- 13. Confidential- Socially Relevant Inc. Patients Can: 1. Find a pharmacist, tools and technology 2. Ask medication questions 3. Schedule to meet with a pharmacist 4. Redeem Med Credits 5. Meet online using video or at pharmacy Easy Access Online
- 14. Prepaid MedCredits Name: Patient No: Signature: ACO _________________________ Manufacturer _________________________ Insurance _________________________ John Doe A987654 Employer _________________________ Date: 04/30/13 100 200 400 QTY MedCredits Get answers to medication questions for free and receive special care. Redeem Med Credits at your local pharmacy or www.IMPACTMeds.com Med Credits expire in 60 days. Ask your pharmacist for more. Special Care Provided by: ™ ™ Simple for Patients & Sponsors Medicare Part D Dallas Nephrology Amgen
- 15. Contact information: BenjaminBluml,R.Ph. VP Research APhA Foundation www.APhAFoundation.org bbluml@aphanet.org DavidParpart,D.C. CEO www.IMPACTMeds.com drparpart@IMPACTMeds.com IMPACTMeds Confidential Do Not Distribute We Provide Pharmacists and Patients with Simple Tools to Improve Medication Adherence NidhiSharma,Nurse, MBA VP Partnerships www.IMPACTMeds.com Nidhi@IMPACTMeds.com
Editor's Notes
- 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.
- http://www.nfcworld.com/category/applications/healthcare/