E-Prescribing Strategies

Introduction

As healthcare expenditure spirals ever higher, public and private healthcare payers are seeking to contain costs. E-prescribing is one such solution that will not only deliver cost-savings, but also improve patient outcomes by reducing prescription errors and improving therapeutic adherence.

Features and benefits

* Discusses the benefits the commercial and healthcare benefits of e-prescribing for the different stakeholders.
* Analyses the current and future adoption rate of e-prescribing and the drivers and resistors affecting uptake.

Highlights

The adoption of health information technology (HIT) is widely viewed as an important measure that will provide many benefits for patient healthcare, including more effective cost management.
E-prescribing is one such HIT solution that will not only deliver this but also improve patient outcomes by reducing prescription errors and improving therapeutic adherence.
E-prescribing is an important stepping-stone in the adoption of comprehensive e-healthcare systems, and has the potential to benefit many stakeholders across the healthcare ecosystem, including pharmaceutical companies.

Your key questions answered

* How can e-prescribing create cost efficiencies?
* What are the drivers and resistors of e-prescribing facing various healthcare stakeholders?
* What is the future outlook of the e-prescribing landscape?
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Executive Summary
Introduction
Strategic scoping and focus
Key findings
Related reports
THE GROWING NEED FOR E-PRESCRIBING
Rising healthcare costs are impacting overall healthcare and pharmaceuticals
Healthcare costs are driven up by several factors
An aging population
Growing prevalence of lifestyle diseases
Growing use of expensive drugs and technology
Expanding government healthcare coverage
Healthcare reforms focus on improving access and cutting costs
E-prescribing is a tool that can ultimately help cut healthcare costs in the long term
Adoption of e-prescribing solutions is low but increasing
Standalone e-prescribing versus integrated EHR solutions
Standalone e-prescribing systems
Integrated e-prescribing solutions
E-prescribing is a key component of meaningful use and is viewed as a first step in the adoption of EHR technology
DRIVERS AND RESISTORS OF E-PRESCRIBING
Legal changes in the US provide incentives for e-prescribing
The Medicare e-Rx program incentivizes e-prescribing to physicians
US DEA provides guidelines for prescribing controlled substances electronically
E-prescribing helps reduce adverse drug events, cutting healthcare costs and improving patient outcomes
Improved patient compliance can cut healthcare costs and increase prescription sales
Healthcare payers and PBMs are helping drive the adoption of e-prescribing solutions
Initial cost and time commitment are key barriers to e-prescribing adoption
Patient concern over privacy and security impacts potential savings
Security of patient data is a top priority for healthcare stakeholders
The pharmaceutical industry seeks to benefit from the adoption of e-prescribing solutions
E-prescribing will create an electronic record of prescription usage providing drug companies with valuable data for mining
FUTURE OUTLOOK
E-Prescribing adoption rates set to accelerate
BIBLIOGRAPHY
Publications and online articles
Datamonitor reports and products
APPENDIX
Exchange rates used in this report
About Datamonitor
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