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What is Comprehensive Medication Management? - Arine
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Medication therapy is part of 80% of all treatments, so it's no surprise that it represents a large percentage of healthcare spending, as much as $535 billion in 2020, roughly 12.5% of the $4.1T total annual healthcare spend or 2.6% of the U.S. GDP. Yet the desired outcomes from safe and effective medication therapy have yet to be fully realized. Up until recently, comprehensive medication management remained unwieldy and unscalable. As a result non-optimized medications, or medications that are not safe and effective for patients’ unique and evolving health needs, were estimated in 2016 to cost $528 billion in avoidable healthcare utilization, including physician visits, emergency department visits, hospital and long-term care admissions, and avoidable deaths. Those healthcare costs now likely exceed $600 billion in 2022. To personify the problem of non-optimized medications, meet James. James is a real patient with a history of diabetes, stroke, and leg amputation. He took 16 medic...
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Post by Sandy Bonfin, PharmD, BCPS
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Arine - What is Comprehensive Medication Management