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drugs healthcare

Big Pharma Greed: Monetary Manipulation

On the surface, it may sometimes look like drug companies are doing good things with their money and trying to improve the society that consumes their products. Nestle, a candy company based in Switzerland, is partnering with a drug company to provide its food engineering expertise in a joint effort to make medicines taste good. […]

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drugs healthcare

Big Pharma Greed: Dirty Drug Patents

Moderna is a drug company that’s been very secretive about what product they’re developing. The startup claims to be working on a new class of drugs that manipulate antibodies into producing drugs via therapeutic proteins (Vardi, 2016). It wasn’t until Acuitas filed a lawsuit in British Columbia that Moderna revealed exactly what they’re working on. […]

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drugs healthcare

Big Pharma Greed: Monetary Settlements

With all of the settlements that Big Pharma has to pay, one might conclude that the industry is not stable enough to support itself; however, drug companies are experiencing growth and are commonly found on the Fortune 500 List (Law, 2006). According AlterNet, “Pharmaceutical companies have been hit with $14.8 billion in wrongdoing settlements in […]

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healthcare

Social Determinants of Health

Although there are lots of physical, tangible diseases that cause people to become ill, there is a single disease that is intangible, not quantifiable, but no less lethal. It’s called Life Sucks Disease (LSD). People commonly accept the notion that high blood pressure, high cholesterol, and diabetes can kill us. But what about all of […]

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business healthcare

Healthcare Leadership: Pharmacy Practice Training: Methods and Effectiveness

The pharmacy field is constantly changing and is a career that is currently in high demand. More pharmacy schools are being built and hold the responsibility of training the pharmacists of the future. Due to accreditation standards set by the Accreditation Council for Pharmacy Education (ACPE), programs are expected to have their students complete Introductory […]

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business healthcare

Healthcare Leadership: Hospital Pharmacy: Leadership Training

Good leadership starts at the hiring process. Organizations need employees that independently lead but also follow their managers. In order for managers to hire leader-worthy employees, the hiring process should be reexamined, modified, and improved (O’Connor, 2013). O’Connor (2013) says that “process change comes from the bottom-up, but culture change moves from the top-down” (p. […]

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business healthcare

Healthcare Leadership: Hospital Pharmacy: Background

“I would prefer to spend time discussing briefly our greatest need in hospital pharmacy – leadership” (Francke, 1955). The need to discuss pharmacy leadership is still relevant today. There is a great lack of leadership that still exists in the pharmacy profession. Leadership comprises capacity, goals, and efficacy. Hospital organizations are unique because they are […]

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drugs healthcare

Patent Sovereignty: Building Fortresses and Indian Tribes

In an increasingly competitive landscape, pharmaceutical companies are finding creative ways to protect their patents. Most of the time, patents are the only things that protect a company from direct competition. If a drug is successful but still protected under a patent, other companies prepare their chemical synthesis manufacturing capabilities to be able to take […]

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healthcare

Single Payer: Case Studies

Not all single payer systems are designed and deployed the same. Varying degrees of private insurance involvement, system funding via taxes, and coverage limits make the system customized to meet the needs of the constituents. Canada is often used as the model example of a single payer system since it shares a border with the […]

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healthcare

Single Payer: Complex Systems

The United States has an extremely complex healthcare system that’s comprised of conflicting ideologies. Private insurance, federally-funded Medicare, and state-funded Medicaid are all available for Americans. However, there are still 28 million people who do not have any kind of insurance (Carroll & Frakt, 2017). The positive thing that comes from this mix of systems […]

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healthcare

Single Payer: Insurance Reform

The largest line item in the 2016 national healthcare budget was $1 trillion for hospital care which comprised of $670 billion for clinician services and $360 billion for drugs (Topol, 2017). Add in the fact that one in four patients are harmed while in the hospital and it’s easy to see that the American Healthcare […]

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drugs healthcare

Drug Prices: The Solution

If the system isn’t entertaining a solution to decrease drug costs, a solution can be implemented to decrease medical costs which will decrease prescription costs. Dr. Barbara McAneny, CEO of the New Mexico Cancer Center, has demonstrated that it’s possible to decrease costs while improving patient care. Appropriately prioritizing care via comprehensive triage and treatment […]

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drugs healthcare

Drug Prices: Blame Regulation

Some argue that it was too much regulation, not too little regulation that has caused the FDA to reject competing drugs due to existing patents. In a sense, this is good so that pharmaceutical companies can recoup R&D costs to create new drugs. On the other hand, the patients need to be able to afford […]

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drugs healthcare

Drug Prices: Blame the PBM

Some critics of industry prices think the high prices are due to pharmacy benefit managers (PBMs). PBMs are essentially the middleman between the pharmacy and the drug manufacturer. However, as Tim Wentworth, a CEO from Express Scripts states, “Drug makers set prices, and we [the PBM] exist to bring them down” (Weinberg & Langreth, 2017). […]

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drugs healthcare

Drug Prices: The Convoluted Insulin Monopoly

Looking back in time, it’s mind-boggling to think about how Big Pharma pricing became so far out of control. Insulin therapy, presently in mainstream high supply and demand, used to be a cutting-edge treatment that was difficult to create. The three person team that created a way to generate insulin recognized the need for this […]

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drugs healthcare

Drug Prices: Epi-Pen

A very recent point of contention is the price of Epi-Pens® (Mylan). Epi-Pens® save the lives of people who experience anaphylactic shocks. Due to numerous petitions, Mylan claims that they dropped the price of the Epi-Pen®. But in reality, Mylan simply offered a $300 savings card to underinsured consumers (“The Other 98%”, 2017). Everyone else, […]

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drugs healthcare

Drug Prices: Trends

The world’s most expensive drug, as of 2016, is Soliris® (Alexion Pharmaceuticals) being priced at $409,500 a year per patient. The disease that this drug treats only affects 8,000 Americans, but the drug maker generated $295 million in one year for that one drug (Herper, 2010). Turing Pharmaceuticals raised the price of an anti-infection drug […]

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healthcare technology

Healthcare and Applications of IoT

Adherence to treatment is a major issue in the healthcare field. Technology can help with it. There are many different systems that store medical and nonmedical information. Claim data can be very helpful, but it’s reactive in the sense that it’s historical and occurs after the medical event. Integrating formulary, cost, benefit, and EHR information […]

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healthcare system

Healthcare System: Increasing and Unavoidable System Complexity

As companies grow and expand, they acquire and merge with information systems. Each time an additional system gets added or a system’s capabilities expand, the complexities and intricacies subsequently increase. Samuel Arbesman believes that system complexity is not a good or bad thing, but rather an inevitable thing (Lucky, 2017). He believes that everything done […]

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healthcare system

Healthcare System: Value and Sustainability

The current healthcare system is unsustainable in terms of affordability, quality, accessibility, and personalization. There are three broad tasks that can improve the current system: expand choice, improve affordability and quality, and speed up the conversion of volume to value. Value is important in any business model (Osterwalder, Pigneur, & Clark, 2010). It’s the “difference […]

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healthcare system

Healthcare System: Ideal State: Delivery of Care

A Walmart greeter welcomes the customer, engages with him/her, and guides him/her in the right direction. A top health executive for a giant retail chain advocates that this is how health plans should operate (Osbourne, 2016). As health plans sit opportunistically in the middle of patients, doctors, and pharmacists, they’re in the perfect position to […]

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healthcare system

Healthcare System: Current State: System Failure

One example of a system failure is the American Opioid Epidemic. Health plans commonly make it harder for patients to fill more expensive, less addictive pain management drugs (Volkow, 2016). They do this by requiring prior authorization, quantity limits, and contingent therapies. These restrictive measures are set on the plan’s formulary and essentially drowned prescribers […]