According to the Center for Technology and Aging, non-adherence to
medication protocol results in an additional $290 billion spent on
healthcare annually; money that would not have been spent if patients had
followed their medicines protocol. Employers, Pharmacy Benefit Managers
(PBMs), and insurance companies subsidize this additional cost and are
forced to pay for extra time in the hospital, more specialized
procedures, or longer treatment periods.
Moreover, pharmaceutical companies are increasingly willing to link the price of their drugs to the performance of patients. The price can be directly linked to patient adherence, providing a huge incentive for Health Insurance companies to push for patient adherence and compliance programs.
A system which creates incentives for consumers to adhere to their medication protocol offers huge direct cost savings for employers, and insurance companies, as well as additional indirect benefits to employers.
If you represent an insurance provider, sign-up with SPAC International and together we will work toward lowering our nation's healthcare costs. Enrollment fees may apply.