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Generic and Biosimilar Drugs Save $408B For America’s Patients and Healthcare System in 2022

Big Molecule Watch

healthcare system, including patients, employers and taxpayers, saved $408 billion in 2022 by using FDA-approved generic and biosimilar drugs, per the AAM’s report. billion for patients in 2022. Notably, the U.S. healthcare spending.

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STAT+: Health care CEOs hauled in $4 billion last year as inflation pinched workers, analysis shows

STAT

The health care industry didn’t just provide a safe haven for jittery stock investors in 2022, a year defined by inflation and higher interest rates. By almost every measure, 2022 was a bad year for the stock market.

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Complex generics: The need and challenges

Quality Matters

Accounting for approximately 90% of prescriptions filled in the United States , generic medicines are essential to increasing patient access to important drug therapies. Complex generics: The need and challenges Generic medicines have benefited millions of Americans and saved trillions of dollars.

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ProxsysRx’s Meds To Beds Program Makes Immediate Impact Upon Launch At TMH

Proxsys Rx

In 2022 alone, TMH’s 710+ physicians, and its medical staff, saw 31,190 inpatient admissions. Knowing that, she’d asked her next-door-neighbor for help getting her prescription — which had been phoned-into the pharmacy.

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ProxsysRx’s Meds To Beds Program Makes Immediate Impact Upon Launch At TMH

Proxsys Rx

In 2022 alone, TMH’s 710+ physicians, and its medical staff, saw 31,190 inpatient admissions. Knowing that, she’d asked her next-door-neighbor for help getting her prescription — which had been phoned-into the pharmacy.

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Before & After: Pharmacy’s Digital Revolution

pharmacy mentor

The Digital Revolution in numbers: 721 million UK Prescriptions Dispensed in 2005 (Pharmaceutical Journal). billion UK Prescriptions Dispensed in 2022 ( NHSBSA ). 375 and counting…UK Online Pharmacies (DSP’s) in 2022 ( Statista ). 56 UK Online Pharmacies in 2008/9 ( Statista ).

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Is Your 340B Vendor A Partner Or A Parasite?

Proxsys Rx

Here’s what that model looks like for 340B hospital clients These vendors typically charge a fee of around 10%-15% on every prescription filled in the hospital-owned pharmacy they manage. POOR is losing $8100 on that one prescription alone. That means a 340B hospital paying a 12.5%