According to the World Health Organization, nonadherence is responsible for about 50% of medication therapy failures, about 125,000 deaths, and nearly 25% of hospitalizations each year in the United States. An adherence rate of 80% or more is necessary for optimal medication efficacy. The current adherence rate estimated for chronic medications is about 50%.
An enhanced understanding of medications will ultimately lead to an improvement in adherence and as a result an improvement in physician’s quality measures. Many physicians have only a few minutes to spend with their patients, let the pharmacist supplement your appointments by taking care of patient’s medication related problems and questions.
The pharmacist would ensure they or their caregivers completely understand:
Increasing CMS Star ratings and HEDIS scores
Decreasing hospitalizations and readmissions
Increasing patient satisfaction and adherence
Achieving better MIPS scores and quality benchmarks
Billing for higher E/M codes in a ‘co-visit’ model
According to the JAPhA, “a pharmacist-physician covisit can generate an estimated ADDITIONAL $158,291 in annual revenue when compared to a traditional (physician only visit) model.”