Prescription Drug Spending

Hospital Drug Spending to Increase 3.59%, Vizient Estimates

by Jacqueline LaPointe

Hospital drug spending will increase by 3.59 percent through next year, indicating a “continuation of the sustained modest growth” observed over the last several years, according to the...

PhrMA: 340B Hospitals Reimbursed 3X the Amount Paid for Drugs

by Samantha McGrail

340B hospitals are getting reimbursed three times the amount they initially paid for brand medications under the drug pricing program, according to a new analysis conducted by Milliman and commissioned...

National Healthcare Spending Increased to $3.6T in 2018

by Jacqueline LaPointe

National healthcare spending in 2018 grew at a rate of 4.6 percent to $3.6 trillion, which translated to about $11,172 per person, the Office of the Actuary at CMS recently reported. The growth rate...

Patient Financial Responsibility a Problem for Heart Disease

by Samantha McGrail

Nearly one in eight individuals nationwide with common heart diseases choose not to take their prescriptions, delayed filling prescriptions, or took a lower dose than prescribed because of patient...

Docs Getting Gifts from Drug Companies Prescribed More Opioids

by Jacqueline LaPointe

Gifts from pharmaceutical companies that sold opioid medications led to more opioid prescriptions in the year following gift receipt, a new study from the University of Pittsburgh Graduate School of...

Hospitals Retain 91% of Profit from Physician-Administered Drugs

by Jacqueline LaPointe

Physician practices and hospital outpatient clinics treat a similar number of commercially insured patients needing physician-administered drugs, but hospitals receive a larger share of the gross...

OIG Suggests Lowering Medicare Reimbursement for More Part B Drugs

by Jacqueline LaPointe

CMS could have saved an additional $2.9 million in 2017 if the agency lowered Medicare reimbursement for more Part B drugs through price substitution, the HHS Office of the Inspector General (OIG)...

Hospital Prescription Drug Spending to Increase 4.57% in 2020

by Jacqueline LaPointe

Including inpatient and outpatient settings, hospital prescription drug spending is likely to increase by about 4.57 percent in 2020, according to Vizient’s July 2019 Drug Price Forecast. The...

Prescription Drug Shortages a $359M Labor Problem for Hospitals

by Jacqueline LaPointe

Hospital and health system pharmacies are dedicating significant time and money to finding ways to work around prescription drug shortages and acquire access to medications now and in the future,...

Civica Rx to Tackle Antibiotic Drug Shortage with New Partnership

by Jacqueline LaPointe

A new partnership between Civica Rx and Xellia Pharmaceuticals in Denmark is aiming to alleviate antibiotic drug shortages, according to a recent announcement from the non-profit drug company. The...