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Medication Adherence – Long term planning
Today, 17% of the United States gross domestic product is spent on health care; 75% of those costs are related to chronic condition management medication. After learning these numbers, it’s even more worrying that 50-60% of chronically ill patients do not take their medication on time / as prescribed / at all. [1-3]
Statistics from the Network for Excellence in Health Innovation show that the cost of avoidable drug-related problems, including nonadherence, costs society approximately $290 billion each year. [4]
The costs of nonadherence rapidly diminish as medication adherence improves. For instance, in patients with diabetes, each 10% increase in medication possession ratio rates reduces overall health care costs by 9% to 29%!. [5]
Using Vaica’s solution has elevated medication adherence from levels of 50% to sustainable levels of 96% and above; thus, saving lives as well as endless unnecessary expenses.