Managed Healthcare Executive® Pharmacy Survey Probes Strategies to Reduce Pharmaceutical Drug Costs

More than 34% of survey participants agreed that enhanced
point-of-prescribing tools to assist prescriber in identification is the
most effective way to reduce pharmaceutical costs.

CRANBURY, N.J.–(BUSINESS WIRE)–#care—Managed Healthcare Executive®, a multimedia platform that
provides market intelligence and solutions to C-suite executives of
health plans, unveiled the results of a new survey identifying the top
managed care pharmacy challenges and how health care executives are
solving those problems. The survey netted responses from 200
executives in medical practices, hospitals, large health systems,
pharmacy benefit management organizations and consulting firms.

“This is just another example of the many ways Managed Healthcare
Executive® brings relevant market intelligence to help healthcare
executives better understand trends affecting the industry,” said Daniel
R. Verdon, vice president of content and strategy for MultiMedia
Healthcare LLC.

The national survey, conducted in the first quarter of 2019, asked
managed care executives about cost and access to pharmaceuticals, the
changing roles of pharmacy benefit managers, evolving payment models and
more.

The survey identified five key tactics to help reduce drug costs:

• Enhanced point-of-prescribing tools to assist prescribers in
  identification and encourage the use of the most effective treatments;
• Adoption and enforced deployment of evidence-based clinical pathways;
• Revised benefit design models to further incentivize patient use of
  lower cost options
• Narrower and more exclusionary formularies;
• More aggressive and expanded utilization management strategies (prior
  authorizations, step therapy and limited initial refills).

Coupled with the results of the survey are insights from field experts
helping to break down and analyze data, as well as provide other health
care executives a path forward to 2020 and beyond.

The results of the survey and article are featured in the June 2019
issue of Managed Healthcare Executive®.

About Managed Healthcare Executive®

Managed
Healthcare Executive® provides health care executives at health
plans and provider organizations with analysis, insights, and strategies
to pursue value-driven solutions. The multimedia platform keeps health
care professionals informed by sharing updates on all the industry
changes and innovations. Managed Healthcare Executive is part of
MultiMedia Healthcare LLC.

Contacts

Media Contacts:
Theresa Burek / 609-250-4331
[email protected]

Michelle Wood / 609-325-4801
[email protected]