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

“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.

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