You’re involved in your patient’s physical well-being. But, your decisions also affect your patient’s financial health.
In support of this, Hopkins providers and leaders encourage the prescribing of therapeutic equivalents: options that are chemically different but have the same effect as brand-name drugs.
Therapeutic equivalents are often generic medications, which are typically available at the lowest cost to patients. Brand-name therapeutic equivalents may also be available at lower cost, by selecting a preferred brand [tier 2] from the patient’s formulary.
In addition to the immediate savings through lower co-pays, patients benefit in the long-term through lower premiums. Studies also show that patients prescribed generic medications to treat chronic conditions are 62% more likely to be adherent to treatment than those prescribed highest-tier brands.*
Read more about the cost savings to Hopkins in our latest Across the Board Newsletter.
Please do your part and Prescribe Thoughtfully. Call the Johns Hopkins HealthCare Pharmacy Department at 1-888-819-1043 with any questions.
*Shrank et al. Arch Intern Med 2006; 166: 332-7.