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Cost-savings from subsidized pro-active pharmacist interventions.
1Department of Economics, Mount Allison University, Sackville, New Brunswick, Canada. slaw@mta.ca
Summary
A pilot project testing pharmacist-led proactive interventions for drug cost savings showed limited success. While reactive interventions yielded some savings, proactive recommendations did not significantly impact drug expenditures, questioning the reimbursement model
Area of Science:
- Health Economics
- Pharmaceutical Policy
- Clinical Pharmacy Practice
Background:
- Drug plan administration sought to optimize costs through pharmacist interventions.
- A pilot project explored a reimbursement model incentivizing pharmacists for cost-saving recommendations.
- Pharmacists were to suggest lower-cost therapies with equivalent health outcomes to physicians.
Purpose of the Study:
- To evaluate the feasibility and desirability of a reimbursement model for proactive pharmaceutical interventions.
- To assess the impact of pharmacist-led interventions on drug expenditures.
- To determine if cost savings from proactive interventions justify a new reimbursement structure.
Main Methods:
- A pilot project was conducted by a drug plan administrator.
- Pharmacists recommended lower-cost, equivalent therapies to physicians.
- Drug plan costs were estimated using time-series forecasting and compared to actual costs during the intervention period.
Main Results:
- Some cost savings were observed from reactive pharmacist interventions.
- Proactive interventions, aimed at influencing physician behavior, did not significantly alter drug expenditure patterns.
- The overall effect of proactive interventions on drug spending profiles was negligible.
Conclusions:
- The pilot project's findings do not strongly support the widespread implementation of this reimbursement model.
- Further evidence is needed to justify a reimbursement structure for proactive pharmacist interventions.
- The current model showed limited effectiveness in generating significant cost savings through proactive measures.