Final Flashcards
Cummins Occupational Health serves how many people in the US
54K (22k in southeastern Indiana
Cummins’ onsite pharmacist’s impact on drug adherence
Increased adherence through therapy classes (Diabetes, HTN, Cholesterol)
% of adult diabetics in US that had A1c > 8% in 2020
27.8%. (not at Cummins though they have 96% of patients with A1c <8%
Cummins’ pharmacist performs high-cost claim intervention
$422,127 in client savings just switching metformin prescriptions to less expensive formulation
Benefit design impacts
Modulating patients’ benefits plans to save them money and keep them in better health
Brian Musial
VP of Pharmacy at McLaren group
Population Health Services Organization (PHSO)
an optimized, physician partnered operations entity that powers a system to improve health outcomes, promote economics of scale and coordination and reduce variation across the continuum.
allows healthcare organizations to purchase shared services under value-based payment arrangement (supports population risk management)
Population health; analyzed factors
star ratings measures, HEDIS measures, national guidelines, standards of care, other evidence-based interventions
Pharmacy team at McLaren (PHSO)
VP of Pharmacy Data analysis= Brian Musial
5 pharmacists
1 RN, 8 Pharm Techs, 3 Data Analysts
46brooklyn
drug analytics, historical data, Medicaid data, NADAC, WAC. Tells us the Medicaid spend etc.
Supply chain
Manufacturer–> wholesaler –> Pharmacies–> patients
ASP
average sales price
Specialty use in the past 3 years (according to Brian Musial)
51% of spending (highest growth in immunology, endocrinology and oncology)
Effect of COVID on diagnosis visits in 2020
almost 1 billion (967 M) diagnosis visits that did not happen. leads to less prescription utilization
Common health insurance misconceptions
health insurance doesn’t cover all medical expenses, employers typically pay 25-30% of total annual salary for benefits, people need health insurance because health care is expensive
Define a self insured health care plan
Employer assumes risk of providing health coverage for insured events. Employer acts as own insurer, claims processed by insurance company
Benefits of self insured plans
Control and flexibility (avoid state-mandated benefits and control over providers), potential for decrease cost (avoid state health insurance premium taxes and other fees)