Controlling Prescription Costs
Working in environments with high patient/doctor ratios, a physician often lacks ample time to access information and research alternative choices for commonly prescribed medications. Even when a physician seeks additional information, pricing information is rarely available in a quickly accessible, easy-to-read format.
Saving even a few cents per pill or injectable on a small percentage of total prescriptions has the potential to save millions of dollars a year for an organization. Many alternative medications cost cents on the dollar when compared to their often-prescribed counterparts.
RXCheck provides tiers of information, beginning with a preliminary search for medications by name or class. Search results at this level include commonly prescribed medications, their lower-cost alternatives and pricing information. A physician can then request more information on each alternative, including indications, contraindications, interactions and adverse reactions.
Administrators affected by both the costs associated with the purchase and resale of medications have never had a more effective, responsive tool than RXCheck.
Customized reports may be grouped by physicians' names, specialty, location or other criteria to produce real-time trend analysis on the types, quantities and prices of medications being prescribed. Comparative charts can be produced to show potential savings and, if acceptable, alternative drugs are prescribed.
Ensuring Patient Safety
Not all less-expensive alternative drugs will be acceptable substitutes for a patient. The information needed to make decisions about alternative drugs reach beyond cost to include product information, interactions, reactions and other considerations. All this information and more is provided for each drug to help the physician make the best decision possible.
Physicians seek to use the limited amount of time with each patient wisely, concentrating on the correct medication and dosage. RXCheck supports physicians by providing information access through a few clicks of a mouse or keyword searches on their PCs.
RXCheck also provides quick access to drug monographs that can be printed for a patient and discussed. For patients with multiple prescriptions, a monograph for each can help the patient recognize and manage doses.
Increasing Information Flow
RXCheck is a server-based application system operating in real-time, full-time mode. The system queries the existing databases of an organization, providing information specifically relevant to the needs of a group or location. Each user can access information through desktop PCs.
Screen formats and reports can be customized to emphasize important information such as formulary drug preferences. Upon searching for the name or class of drug, each physician would immediately see drugs marked as preferred by the organization.
Customized reporting can provide feedback to physicians about their prescription choices. Identifying the drugs most commonly prescribed or categories with the highest potential for savings allows the organization to make informed choices.
Educating an Organization
Once RXCheck is incorporated into a cost-based organization, the system can be used for additional training, research and analysis. RXCheck functions are easy to learn and non-intrusive into daily routines.
After trends are identified, RXCheck can be used as a forecasting tool to defend against volatile changes during the fiscal year. Budgetary decisions throughout the year can be made more accurately using predictive reporting.
Potential improvements are not limited to patients' regular visits to physicians' offices. Prescriptions first written in hospitals, one-time medications for short-term ailments such as antibiotics, and those processed through ever-growing mail order outpatient pharmacies can be reviewed using RXCheck.
Reaching the Potential
In one trial test involving seven VA hospitals, a portion of the total prescriptions for one month, equaling $3.8 million, was evaluated. Using RXCheck's price referencing, those hospitals could have saved more than $860,000 by prescribing alternative, less expensive drugs without jeopardizing patient safety.
RXCheck can revolutionize the way cost-based healthcare operations save money, process information and treat patients safely and wisely.