Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Payer 2001-2011
Conclusion
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- DICTIONARIES: http://www.springerpub.com/Search/marcinko
- PHYSICIANS: www.MedicalBusinessAdvisors.com
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- BLOG: www.MedicalExecutivePost.com
- FINANCE:Financial Planning for Physicians and Advisors
- INSURANCE:Risk Management and Insurance Strategies for Physicians and Advisors
Share this:
Filed under: Drugs and Pharma | Tagged: Big Pharmaceutical Companies, Medicare Part D, Retail Perscription Drug Expenditures |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Projection of Medicare Savings Attributable to GPOs
An analysis of the National Health Accounts by Dobson displays the projection of Medicare savings attributable to GPOs (Group Purchasing Organizations) at an 80% penetration rate ($ in billions). The numbers from the report are:
5 Year Savings (2013-2017)
• 10% Savings ($49.7)
•15% Savings ($78.9)
•18% Savings ($98.1)
10 Year Savings (2013-2022)
•10% Savings ($116.0)
•15% Savings ($184.3)
•18% Savings ($229.3)
Source: Centers for Medicare and Medicaid Services (Dobson | DaVanzo)
LikeLike
4.4 Billion Prescription Drugs Were Dispensed in 2015
The IMS Institute for Healthcare Informatics recently conducted an analysis on medication spending trends. Here are some key findings from the report:
• Total spending on medicines in the U.S. reached $310 billion in 2015.
• 2015 saw a 8.5% total spending increase for medicines in the U.S. compared to 2014.
• Specialty medicines contributed more than two-thirds of overall growth between 2010 and 2015.
• 2015 saw a 21.5% spending increase for specialty medicines to $150.8 billion on an invoice price basis.
• The average patient cost exposure for brand prescriptions reached $44 per prescription in 2015.
• Total prescriptions dispensed in 2015 reached 4.4 billion, up 1% year over year.
Source: IMS Institute for Healthcare Informatics, April 14, 2016
LikeLike