top of page
Search

Healthcare Waste is Costing Payers Billions

Scripta


Healthcare waste costs $750 billion per year, and most employers aren’t doing anything about it. Are you one of them?


According to a survey commissioned by the National Alliance of Healthcare Purchaser Coalitions, some 60% of employers don’t take steps to manage their healthcare plan’s wasteful spending.



The NAHPC is a non-profit, membership association representing more than 12,000 healthcare purchasers and 45 million Americans. President and CEO, Michael Thompson notes that, “While waste has long been identified as a key concern and cost contributor, employers are operating blind and need to look at a more disciplined approach to address top drivers that influence waste.”


Healthcare Waste Costs Billions

Among the categories most directly associated with waste: out-of-control prescription drug pricing and specialty drugs.


At Scripta, we know that the savings opportunities are right there in your PBM data, but we also know that it takes a great deal of expertise to mine that data put it to work. Perhaps that is why only 7% of the employers surveyed could say, “Yes, our organization internally collects and analyzes data to track waste.”


Worse, as Employee Benefit News put it: “Most employers don’t monitor unnecessary healthcare spending. The 34% of employers who do rely entirely on their healthcare vendors to do it for them, trusting that it’s being taken care of.”


That’s where Scripta can help.


Scripta’s team has been analyzing pharmacy benefits data for nearly a decade now. Armed with insights derived from our best-in-class technology, we know where to look to find savings. As importantly, we know how to prevent unpleasant surprises because we understand the games PBMs play when you’re not looking over their shoulders.


 

Sourcing:

Comments


Scripta_Logo_NavigationTag_White.png

40 Grove St, Suite 270
Wellesley, MA 02482

info@scriptainsights.com

  • LinkedIn - White Circle
  • YouTube - White Circle

MEMBER SUPPORT:

DOWNLOAD THE FREE SCRIPTA  MEMBER APP

google-play-badge_English_edited.png

© Copyright Scripta Insights, Inc. 

Scripta™ is neither a pharmacy nor a doctor. The benefit service does not tell you what drug to take and does not participate in the drug selection process. Only your physician can determine the medications that are right for you. These alternative medications are options for less costly drugs that physicians may prescribe in place of the medications you are taking now. Scripta has reviewed your current medications only for the purpose of identifying potential cost savings for you to consider with your physician. Scripta has not analyzed the effectiveness or other therapeutic aspects of these medication alternatives. Accordingly, this report and any other forms of communication received from Scripta are not, nor should they be interpreted as, any form of treatment, drug regimen review, or provision of counseling or consultation by a prescriber, pharmacist or pharmacy. Do not stop taking your medication, change your medication, or start taking a new medication without being directed to do so by your physician and filling the prescription under the oversight of a licensed pharmacist. The alternatives set forth above may not be equivalent to your current medication, may interact adversely with your other medications, may not be indicated in light of your other conditions, may cause different or severe side effects, or may be less effective at treating your condition. Medication prices are approximate based on information provided by your pharmacy benefits manager, insurance plans, and/or employer, and may vary from pharmacy to pharmacy. Check with your insurance plan to obtain a full list of pharmacies where your prescriptions can be filled. All information herein is HIPAA protected, treated as highly confidential, and never shared with your employer.

Scripta™, Scripta Insights™ and The Best Meds at the Best Price® are registered trademarks of Scripta Insights, Inc. The contents of the site are for informational purposes only and not intended as a substitute for professional medical advice, diagnosis, or treatment. We do not recommend or endorse any specific prescription drug or pharmacy that may be mentioned herein. Reliance on any information provided by us, our affiliates, employees or others is solely at your own risk.

bottom of page