A national report issued by the IMS Institute for Healthcare Informatics. The report, Avoidable Costs in U.S. Healthcare: The $200 Billion Opportunity from Using Medicines More Responsibly, found that avoidable costs of more than $200 billion are incurred each year due to medication not being used responsibly by both patients and health care professionals. The IMS Institute report examines six areas that contribute to unnecessary costs: medication nonadherence, delayed evidence-based treatment practice, misuse of antibiotics, medication errors, suboptimal use of generics and mismanaged polypharmacy in older adults. Of these, medication nonadherence drives the largest avoidable cost. According to the report, patients who did not take their medications properly experienced complications that led to an estimated $105 billion in annual avoidable health care costs.
NextGen can assist you with your Medication Management Adherence Program.