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Poor Patient Decisions Waste Up to $5.1 Billion Annually

Topic:
Poor Patient Decisions Waste Up to $5.1 Billion Annually
Date:
August 12, 2013 at 12:00 - 1:00 PM ET
Presenters:
John Herbert, Product & Clinical Services(Express Scripts Canada)
webcastImgVirtual
Description
Prescription drugs remain a critical centrepiece of employer plans – and a major cost driver for those plans. John Herbert, Director of Product and Clinical Services from Express Scripts Canada, the largest pharmacy benefit manager in Canada, will discuss the challenges that you as plan sponsors face when providing health benefits to your employees.

Spiraling costs have put Canada’s healthcare system in jeopardy and the prescription drug benefit is a significant piece of this problem. Express Scripts Canada’s proprietary research has determined that poor patient decisions contribute to up to $5.1 billion annually on prescription drugs. Research further reveals that poor patient decisions waste one out of every three dollars spent within a typical drug benefit plan. Sources of waste include channel waste and drug mix waste. In addition to these forms of waste, plan sponsors also experience costs related to non-adherence to drug therapy or “gaps in care.”

Learn about the factors that continue to transform the prescription drug landscape in Canada, including the national average for annual prescription drug spend, the trend for specialty drugs and the impact they will have on future drug spend. John will reveal that better care for employees is possible while eliminating waste - the most effective care can often cost the least. Finally, John will provide you with a look at what’s on the horizon for prescription drug plans, where the opportunities lie to make improvements to your plan and potential solutions to reduce waste and drive healthier outcomes without impacting your employees in a negative way. Learn how these trends should influence your organization’s health plans today.

Who Should Participate
Human Resources and Prescription Drug Management decision-makers and influencers should attend this event. Much of the information and solutions provided will benefit any organization that offers its employees a prescription drug benefit, especially as costs continue to spiral.
What You Will Learn
Please join us as we will be covering the following:
  • Costs associated with prescription drug spend and the driver of waste
  • How to engage employees to make better decisions that impact their prescription drug costs
  • What innovative solutions are available to reduce waste and lower costs
Recommended Resources
Express Scripts Canada 2012 Drug Trend Report
Communities
HR in Canada
Canadian Masters In HR Strategy & Execution
Presented by
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John Herbert
Express Scripts Canada

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Event Sponsors
Express Scripts Canada
Express Scripts Canada (ESC), a registered business name of ESI Canada, an Ontario partnership, is one of Canada’s leading providers of health benefits management services.
File List
Feedback
Name Comment Rating
Image of Travis Keenum Travis Keenum
Lurgi, Inc.
4 / 5
Very Good Presentation
Image of Erone Newman Erone Newman
St Michaels Hospital
5 / 5
Excellent Presentation
Image of R. Bendix R. Bendix
Graduate student
4 / 5
Very Good Presentation
Image of Nancy Fletcher Nancy Fletcher
HD Supply, Inc.
3 / 5
Good Presentation
3 / 5
Good Presentation
Image of Eraina Amill Eraina Amill
Caraustar Industries Inc
4 / 5
Very Good Presentation
Image of Janet Magee Janet Magee
Guelph Campus Cooperative
5 / 5
Excellent Presentation
4 / 5
Very Good Presentation
Image of Elizabeth Osmond Elizabeth Osmond
Creation Technologies
3 / 5
Good Presentation
Image of Donald Sabathier Donald Sabathier
Sabathier & Associates
4 / 5
Very Good Presentation
Image of Adellee Fraser Tulloch Adellee Fraser Tulloch
Jamaica Biscuit Company Limited
3 / 5
Good Presentation
Good presentation. From their statistics using Express Script helps increase a company's health care/ prescription benefit plan savings significantly through avoiding patient/employee wastage. 3 / 5
Good Presentation
Image of Hebil Pereira Hebil Pereira
Unemployed
5 / 5
Excellent Presentation
Image of Valerie Okebhagbe Valerie Okebhagbe
TEC The Education Company
None. Thanks 4 / 5
Very Good Presentation
The pace was a bit too fast to absorb all the numeric slides/data. Fortunately can be retrieved from archive. Overall very good presentation. Speakers voice was trailing off at some points. 4 / 5
Very Good Presentation

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