Are Nurses the New Agent for Medical and Pharmaceutical Success?
It might seem a bit exaggerated to attain that nurses are potentially capable of bettering patient’s recovery rates, clinical trial results and the financial state of the healthcare industry at large. However, research shows this is a viable prediction, just waiting to be realized.
In 2014 alone, the U.S. spent $317.4 billion treating unnecessary medical complications that could have been avoided had patients taken their medications as prescribed. Non-adherence is revealed to be the number one financial problem for the healthcare industry, costing more to the U.S. than actually treating diabetes, heart disease and cancer- combined!
But the wasted costs and failing treatments due to non-adherence don’t end there: in the pharmaceutical industry it is estimated that about 70% of patients discontinue medication therapy within one year, costing the pharma industry an estimated $30 billion annually. These cases result in 125,000 deaths every year, due to non-compliance with therapeutic regimens.
But Here’s the Thing
According to the Institute of Medicine, unnecessary medical costs total almost $750 billion, while as much as $317.4 billion due to medication non-adherence could be prevented by robust patient health education efforts. In other words,
if we want to improve our drug performances, lower the costs for healthcare providers, and most importantly- ensure better drug results for patients- we need an additional agent to oversee the prescribed medication treatments,
and make sure patients follow through; another link to connect between the pharmaceutical medication instructions, the physician’s medical prescriptions and the actual day-to-day treatment.
This missing link is bound to be the nurse.
To learn more, download the article, ‘Nurses Are Specialty Pharma’s New BFF’, by clicking here.