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We have a few things to say about prescription savings.
Article

Innovative Solutions to the U.S. Drug Shortage Crisis: The Role of HealthTech 

Generic drug shortages are becoming a chronic condition in the United States. Shortages lead to a domino effect across the healthcare landscape because the lowest-cost medication is not readily accessible. Last week, the Federal Trade Commission (FTC) and the Department of Health and Human Services (HHS) issued a Request for Information to Group Purchasing Organizations (GPOs) and drug wholesalers to investigate how competition, contracting, and regulatory policies impact generic drug availability. Missing from the discussion is how HealthTech companies could manage the gaps.

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Article

Should your members choose copay or cashpay?

Cashpay or copay? For members, the choice can be a conundrum. In some cases, cashpay is less money out of their pocket. However, using the copay goes toward a deductible that will save money in the long-term. The calculus is enough to frustrate even the most reasonable person.

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Article

Navigating the 2024 Surge in Medication Costs

As we enter 2024, health plans and employers face a complex and challenging scenario shaped by escalating drug costs. The annual increase in drug prices that hit every January is more than a budgetary concern; it’s a critical issue in healthcare affecting the accessibility and well-being of employees and plan members. RazorMetrics has a solution to help self-funded employers and health plans make a dent in pharmacy budgets.

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Article

Healthcare Cost Disparities: A Deepening Crisis in the United States

A recent survey by the Commonwealth Fund is downright embarrassing. Compared to nine other high-income countries, the U.S. stands alone in its wide disparity in healthcare access, both within the country between lower and higher-income individuals and also between high-income people in other countries. 

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Article

RazorMetrics’ Leads the AI Pack in FAVES

At the end of October, the Biden Administration released its comprehensive executive order on Safe, Secure, and Trustworthy Artificial Intelligence. Last week, the White House followed up with fresh commitments to enhance AI transparency, risk management, and responsibility within the healthcare sector.

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Water to Pharmacy Desert
Article

Getting Water to Pharmacy Deserts

On a recent episode of “What the Health,” journalist Joanne Kenen called out a rising problem: drugstores are closing across the country and creating pharmacy deserts. Local pharmacies have long served as lifelines for rural and low-income areas, acting as accessible healthcare hubs and spots for grocery items. Regrettably, recent developments in the retail pharmacy landscape are raising concerns about the accessibility of essential healthcare services and products in already vulnerable communities.

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Article

Enhancing Patient Safety with Discontinuation

Medication errors are a significant problem in healthcare. In a recent RazorMetrics blog, we found that errors cause between 7,000 – 9,000 excess deaths in the United States every year. Complications that result from taking the wrong medication or the wrong dosage add another $40 billion to healthcare costs.

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Article

Top 4 Ways to Protect Health Data

According to HHS’ Office for Civil Rights (OCR), an average of 57 health data breaches are reported each month, putting sensitive information at risk for millions of people. Healthcare organizations are prime targets for malicious attacks because health information contains private and deeply personal data that can be used to extort, embarrass, or harm individuals.

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