Comprehensive reports detailing medication utilization and related costs are generated each month based upon the prescription claims processed for your hospice. These reports are also evaluated by an Outcome Resources clinical pharmacist who provides additional comments and recommendations consistent with promoting high quality cost-effective drug therapy. The detailed examination of your hospice's drug utilization is beneficial in numerous ways.
Benefits of Monthly Medication Management Reports for Hospices
- Identification of high-cost, high-use drug categories
- Identification of drug categories or individual drugs that may not be appropriate for hospice benefits
- Identification of high-cost, high-use drugs that may have a more cost-effective therapeutic alternative available
- Tracking of the utilization of generic vs brand name drugs
- Identification of the number of prescriptions for each specific drug that are processed each month
- Calculation of the percentage of the total prescription cost and prescription volume represented by each drug
- Calculation of the average cost, average quantity, and average number of days supply of a prescription for each drug monthly
- Calculation of overall average monthly prescription claim cost, compared with previous months. This is helpful in gauging the overall effectiveness of medication cost-control efforts in place at your hospice.
- Data from these reports are valuable in constructing a medication formulary based upon actual utilization patterns in your community
- The clinical pharmacist's evaluation of your reports will provide specific recommendations, based on your actual claims data, aimed at reducing unnecessary medication use and increasing the use of cost-effective therapeutic alternatives to high-cost drugs. This is accomplished within the overriding goal of providing the most optimal clinical outcomes for your patients.
Samples
Drug Utilization Review Summary Sample Comments.pdf
For a sample set of Monthly Medication Management Reports, Contact Us.