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Products & Services Patient Focused Services Patient Insights

Improving Patient Medication Adherence Metrics: Fill Rates, Time to Fill, and Reimbursement Rates

ID: 5715


Features:

7 Info Graphics

30 Data Graphics

190+ Metrics

7 Narratives


Pages/Slides: 43


Published: 2022


Delivery Format: Online PDF Document


 

License Options:


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  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: Click here to review a complimentary excerpt from “Improving Patient Medication Adherence Metrics: Fill Rates, Time to Fill, and Reimbursement Rates”

STUDY OVERVIEW

The expansion of patient support hub services and the growth of specialty pharmacies have led to an abundance of patient touchpoints, but without a commensurate industry-wide increase in adherence rates.

Several factors such as reimbursement denials, "sticker shock" at the pharmacy counter, and pharmacy switching can all contribute to stagnation in adherence rates. Therefore, pharmaceutical and biotech companies need to take rapid steps to isolate and improve adherence.

Best Practices, LLC undertook this research to establish industry benchmarks around patient medication adherence rates. The study delivers industry benchmarks around core patient medication adherence metrics such as Fill Rates, Time to Fill, and Reimbursement Rates.

KEY TOPICS

  • Tracking Core Patient Medication Adherence Metrics: Fill Rates, Time to Fill, and Reimbursement Rates
  • Average Adherence Rates and Zone of Competitive Effectiveness
  • Effective Data Sources for Adherence Metrics

KEY METRICS
  • Do benchmark participants track metrics like Fill Rate, Time to Fill, and Reimbursement Rate and does their definition of those metrics align with that of standard definitions used in this study?
  • Average patient medication adherence rates during launch phase and zone of competitive effectiveness
  • Average Fill Rate, Time to Fill, and Reimbursement Rate for each post-launch period
  • Through which means do benchmark participants collect data for fill rate and time to fill metrics
  • How effective would benchmark participants consider their selected sources in providing accurate data?

SAMPLE KEY FINDINGS
  • Time to Fill Least Tracked: Of the raw metrics investigated in this study, Time to Fill was the least tracked metric behind Reimbursement Rate and Fill Rate.

METHODOLOGY

Best Practices, LLC engaged 27 leaders from 20 pharmaceutical and biotech companies in this research through a benchmarking survey.

Industries Profiled:
Consulting; Pharmaceutical; Biopharmaceutical; Biotech; Chemical; Health Care; Communications; Consumer Products; Medical Device


Companies Profiled:
Coeus Consulting; Daiichi Sankyo; Eli Lilly; Emmaus Life Sciences; Genentech; GlaxoSmithKline ; Jazz Pharmaceuticals; Medunik; Myovant Sciences; NexGen Healthcare Communications; Novartis; Novo Nordisk; Patheon; Priovant Therapeutics; Roche; Sandoz; Servier; Spectrum Pharmacy Products; Teva Pharmaceutical Industries Ltd; UCB Pharma

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.