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 July 6, 2013

Inappropriate Medication Use-Costing Billions

 

 

As health care leaders and governmental policymakers look for ways to decrease health care costs, one opportunity may be reducing medication misuse.   The IMS institute for Healthcare Informatics published a report claiming $200 billion was lost last year alone in medication misuse. Areas of misuse included delayed evidence-based treatment, misuse of antibiotics, medication errors, suboptimal use of generics, and polypharmacy in older adults. Further, patients contributed to this cost by not adhering to physician advice, causing > $100 billion in avoidable costs. Two strategies identified to improve safety and appropriateness of medication use: consistent focus on high risk patients and partnering with patients and pharmacists.

 

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