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In 2024, total U.S. spending on prescription drugs was almost $800 billion. Although low-cost generic drugs filled 91% of all prescriptions, the 9% of prescriptionsfilled with a branded medicine accounted for 84% of drug spending.
Recognizing and addressing these changing dynamics is crucial as we step into 2024. Digital Transformations As in the past years, one of the top pharmacy trends of 2024 remains to be “digital.” The post 2024 Pharmacy Trends to Look For appeared first on Digital Pharmacist.
Further, a lack of interoperability between pharmacy systems can prevent electronic data sharing between competing pharmacies, which can be frustrating for patients, prescribers, and pharmacy staff when prescriptions are sent to the wrong pharmacy or the patient decides to have the prescriptionfilled elsewhere.
22182 (March 28, 2024). Findings from the Commonwealth Fund 2024 value of Medicare survey. Retrieved from https ://www.commonwealthfund.org/publications/surveys/2024/feb/what-do-medicare-beneficiaries- value-about-their-coverage 7 American Medical Association. NHC comments on Medicare Prescription Payment Plan.
Findings from the Commonwealth Fund 2024 value of Medicare survey. Retrieved from [link] www.commonwealthfund.org/publications/surveys/2024/feb/what-do-medicare-beneficiaries- value-about-their-coverage 2 American Medical Association. Prior authorization and association with delayed or discontinued prescriptionfills.
Findings from the Commonwealth Fund 2024 value of Medicare survey. Retrieved from https ://www.commonwealthfund.org/publications/surveys/2024/feb/what-do-medicare-beneficiaries- value-about-their-coverage x American Medical Association. Prior authorization and association with delayed or discontinued prescriptionfills.
I’ll also note that I’m not certain that the “Pharmacy” revenue is ONLY prescriptionfills. Digest per prescription revenue figure is believable (it’s also down about $6 since I started paying attention to the Digest , hence my annoyance at people that blame pharmacists for “skyrocketing drug prices.”
1 (February 14, 2023): 1023, [link] 10 Institute for Clinical and Economic Review, Assessment of Barriers to Fair Access Report , 2024, [link] Report-121924.pdf. 12 Mark Kyle and Natalie Keating, “Prior Authorization and Association with Delayed or Discontinued PrescriptionFills,” Journal of Clinical Oncology 42, no.
Small molecule drugs make up over 90% of prescriptionsfilled in the U.S. However a 5th Circuit decision in September 2024 allowed a key case to proceed based on claims of economic harm and lack of proper notice-and-comment procedures, suggesting that litigation over the IRA could continue for years. Read the full op-ed here.
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