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Drug Price Forecast Projects 4.57% Increase in 2020 Hospital Drug Spending
Vizient, Inc. announced the release of its July 2019 Drug Price Forecast. The forecast projects that health systems-including inpatient and non-acute environments-can expect a 4.57% increase for pharmaceutical purchases made from Jan. 1, 2020 to Dec. 31, 2020. The forecast also includes projections for specialty pharmacy and pediatric-specific medications.
Highlights from the forecast report include:
- Specialty drug price inflation is predicted to be 4.23%
- The composition of the U.S. biosimilars market could change dramatically in the very near future
- Drug shortages compromise patient care and contribute to higher costs, both direct and indirect
- Providers treating leukemia patients will experience higher costs as the standard of care shifts to new therapy combinations
- Supply challenges in the Immune globulin intravenous (IgIV) market will continue and prices are expected to steadily rise
The forecast can be accessed here.
The Weight-Loss Gold Rush: Legal and Regulatory Implications
July 11th 2024Jim Shehan, chair of the FDA Regulatory practice, Lowenstein Sandler, discusses how the FDA and other regulators likely to respond to the increased public interest and potential off-label use of GLP-1 drugs, what needs to be done for GLP-1s to be covered, advice for investors and financiers considering entering the weight-loss medication market and more.
Healthcare Marketing Strategies for Reaching Diverse Audiences
May 14th 2024Amanda Powers-Han, Chief Marketing Officer, Greater Than One, and Pharmaceutical Executive Editorial Advisory Board member, discusses how improved DE&I in healthcare marketing strategies can not only reach diverse audiences more effectively but also contribute to improved patient care outcomes, challenges faced in crafting culturally sensitive messages, and much more.
