The Cost of Medication Nonadherence

Medication adherence is generally defined as the extent to which patients take medication as prescribed by their doctors. This involves factors such as getting prescriptions filled, remembering to take medications on time, and understanding the directions. Surprisingly, 50% of patients do not take their medications as prescribed. Patient nonadherence to prescribed medications is associated with:...

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Recent News about Bundle Payments, Opioids, and Pharmacy Costs

I’ve recently come across several articles about topics my colleagues and I have written about in previous blogs this year. Since they were also some of our most popular efforts, I decided to provide updates in this, my last blog of 2018. Where did the time go? Balance Billing Balance billing, the amount patients are...

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Healthcare Consumerism

Only a short time ago, consumerism in healthcare was not existent, like replay review in sports or Uber in the transportation industry. The reason for the lack of consumerism is that in the past, employer health plans boasted no member cost sharing. Members paid relatively low paycheck deductions, had scant cost sharing, and didn’t think...

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The Impact of Hospital Mergers on Healthcare Prices

Hospitals have been merging for more than a decade. Supporters claim that these consolidations improve care coordination and lower prices. But do they? No, according to When Hospitals Merge to Save Money, Patients Often Pay More. The New York Times funded an analysis of 25 metropolitan areas with the most mergers between 2010-2013, finding that...

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Is There a Gender Bias in Financial Wellness?

Is there a gender bias in financial wellness? The short answer is yes. But still read the blog! A report by the National Institute on Retirement Security found that women are 80% more likely than men to be impoverished at age 65 and older, while women between the ages of 75 to 79 are three...

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