HealthPlus can help to reduce your patient’s costs of medications by recommending some basic elements of cost effective prescribing.
The cost of medication can be easily calculated:
Pharmacy Expenditures = (Cost of Rxs) x (Number of Rxs)
You have two options for decreasing pharmacy expenditures:
- decrease the cost of prescriptions
- decrease the number of written prescriptions
The most effective way to decrease pharmacy costs, while maintaining quality, is to increase the use of generic medications.
- The average cost difference between a brand name drug and generic drug is significant (>$100 per prescription).
For cost-effective, high quality prescribing, remember to:
- consider the appropriateness of all prescriptions.
- monitor for over-utilization and polypharmacy.
- consider over-the-counter (OTC) products, when appropriate.
- think generic when selecting a medication to prescribe.
The HealthPlus Drug Formulary , the one-page HealthPlus Formulary Quick-Check References and other formulary references indicates which products are available in a generic form. If a generic alternative is not appropriate, consider selecting a formulary brand name drug, rather than a non-formulary drug, from the same therapeutic category.
For more information about saving prescription costs, please contact the HealthPlus Pharmacy Department at (810) 230-2118 or at firstname.lastname@example.org .