Transforming the Prescription Decision Process Between Physicians and Patients w/ Surescripts CEO Tom Skelton

Unanticipated high out-of-pocket prescription costs negatively impact patient safety and may lead to increased healthcare spending later. According to the Truven Health Analytics-NPR Health Poll for Prescription Drugs (June 2017), the most cited reason by respondents who did not fill their prescription was cost (67%).
Prior-authorization is another hurdle, and when it's required, according to today's guest, medication adherence drops precipitously.
In general, medication treatment failures due to a variety of issues, including medication non-adherence and friction from prior-authorization are a big problem in U.S. healthcare. Patients don't get the care they need and it costs the healthcare system an estimated $500-672 Billion each year (Note: It's often said that medication non-adherence costs $300 Billion - and I referenced that number on the show, but that's a bit hazy as this article explains).
The bottom line is this: administrative functions, high drugs prices, and increased out of pocket expenses for patients are creating friction between Americans and the care we need.
On this episode, Shahid Shah and I sit down with Surescripts CEO Tom Skelton, to discuss their Real-time Prescription Benefits and Electronic Prior Authorization services. When used together, they bring patient-specific medication prices and alternatives into the conversation between doctors and patients and reduce the friction between patients and the care they need.
We also talk about the many ways in which Surescripts has been a model for an industry seeking "interoperability". Their use-case driven approach is very instructive.
Some of the highlights:
1:24 Today we're talking about Medication Non-adherence and how it relates to the rising cost of prescription drugs.
3:09 Surescripts is a massive connector who digitized the medication management process and provides medication reconciliation at the point of care to provide patients with radical transparency for shared decision making.
6:14 One way we're fighting non-adherence is to eliminate friction.
10:00 The two things Shahid wants you to learn from Surescripts' example:
Or, listen right here:
Chief Executive Officer, Surescripts
Tom is amazed by the changes he’s seen over the course of more than 30 years working in healthcare technology. Before joining Surescripts in 2014, he served as Chief Executive Officer of Foundation Radiology Group, a private equity-backed diagnostic imaging services firm that grew substantially under his leadership. His many other career accomplishments include serving as Chief Executive Officer for Misys Healthcare Systems and as a member of Elcomp Systems’ founding team.
LinkedIn: https://www.linkedin.com/in/skeltontom/
Our purpose is to serve the nation with the single most trusted and capable health information network, built to increase patient safety, lower costs, and ensure quality care. Since 2001, Surescripts has led the movement to turn data into actionable intelligence, and convened the Surescripts Network Alliance™ to enhance prescribing, inform care decisions, and advance the healthcare industry.
Website: https://surescripts.com/
Twitter: https://twitter.com/surescripts
LinkedIn: https://www.linkedin.com/company/395901/?trk=tyah&trkInfo=tas%3Asures%2Cidx%3A2-1-6
Blog: https://surescripts.com/news-center/intelligence-in-action/
YouTube: https://www.youtube.com/channel/UCVJajqk__-rDozGAPMXB-TQ
Related and/or Mentioned on the Show 2017 National Progress Report Network Alliance video How Surescripts is Accelerating Interoperability Solutions by Surescripts: Enhance Prescribing - Collectively Enabling Safer and More Affordable Prescriptions Inform Care Decision - Arming Healthcare Professionals with Actionable Patient Intelligence Advance Healthcare - Convening, Informing, and Advocating for the Healthcare Industry
The #HCBiz Show! is produced by Glide Health IT, LLC in partnership with Netspective Media. Music by StudioEtar
- If you care about interoperability, you can make it happen.
- Tie interoperability to a specific use case.
- Is the data available?
- Can it be connected to the EHR?
- Has the EHR presented the info at the time of care?
- Is the physician using the info to start a conversation?
Or, listen right here:
About Tom Skelton
Chief Executive Officer, Surescripts
Tom is amazed by the changes he’s seen over the course of more than 30 years working in healthcare technology. Before joining Surescripts in 2014, he served as Chief Executive Officer of Foundation Radiology Group, a private equity-backed diagnostic imaging services firm that grew substantially under his leadership. His many other career accomplishments include serving as Chief Executive Officer for Misys Healthcare Systems and as a member of Elcomp Systems’ founding team.
LinkedIn: https://www.linkedin.com/in/skeltontom/
About Surescripts
Our purpose is to serve the nation with the single most trusted and capable health information network, built to increase patient safety, lower costs, and ensure quality care. Since 2001, Surescripts has led the movement to turn data into actionable intelligence, and convened the Surescripts Network Alliance™ to enhance prescribing, inform care decisions, and advance the healthcare industry.
Website: https://surescripts.com/
Twitter: https://twitter.com/surescripts
LinkedIn: https://www.linkedin.com/company/395901/?trk=tyah&trkInfo=tas%3Asures%2Cidx%3A2-1-6
Blog: https://surescripts.com/news-center/intelligence-in-action/
YouTube: https://www.youtube.com/channel/UCVJajqk__-rDozGAPMXB-TQ
Related and/or Mentioned on the Show 2017 National Progress Report Network Alliance video How Surescripts is Accelerating Interoperability Solutions by Surescripts: Enhance Prescribing - Collectively Enabling Safer and More Affordable Prescriptions Inform Care Decision - Arming Healthcare Professionals with Actionable Patient Intelligence Advance Healthcare - Convening, Informing, and Advocating for the Healthcare Industry
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The #HCBiz Show! is produced by Glide Health IT, LLC in partnership with Netspective Media. Music by StudioEtar