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If E-Prescribing Were to Be Implemented Nationwide $29 Billion Would Be Saved Annually Estimates the Center for Information Technology Leadership

Posted on: Tuesday, 29 November 2005, 12:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c28667) has announced the addition of Managed Care Formulary and Pharmaceutical Benefit Management Under E-Prescribing, Live Audio Conference on CD-ROM to their offering.

E-Prescribing is one thing, but weaving formulary into the technology that will connect payers, providers and pharmacies and make it all work is a much greater proposition. And because CMS is mandating e-prescribing for health plans offering Medicare health plan products, progress on making e-formulary work is essential. Formulary and e-prescribing standards are being adopted by the industry. Jan. 1, 2006 is the first "mile marker" for the adoption of e-prescribing standards. States without e-prescribing laws are rushing to enact them.

Discover how payers and providers will handle formulary and benefit information.

Managed Care Formulary and Pharmaceutical Benefit Management Under E-Prescribing tele-conference CD-ROM sheds light on what is expected over the next three years:

-- National Council for Prescription Drug Programs formularies and benefit standards

-- The components of the formulary standards

-- Handling co-pays

-- Prior authorization

-- Example of return on investment

-- The benefits of e-prescribing to the payer

-- What prescribers want

-- Dealing with formulary eligibility and medication on history information

-- Connectivity to pharmacies and payers

-- The subtle differences of e-prescribing components that will be mandatory under the federal rules

-- Health plans and their responsibilities towards e-prescribing standards for Medicare patients

In today's society physicians are much more comfortable with technology. Approximately 5 to 18 percent of physicians are currently e-prescribing. The information presented into this highly rated 90-minute program is beneficial for all health plans, especially managed care plans offering Medicare advantage plans. Physicians nationwide have started to implement e-prescribing into their daily practice. "Doctors in BlueCross BlueShield of Massachusetts are using e-prescribing because they can obtain the actual co-pay that the patient would have to pay. This capability is just one of the main reasons why doctors are using e-prescribing," says Dr. Peter Coffman, Chief Medical Officer and Vice President of Physician IT Service for Doctors.

E-Prescribing will pay for itself in performance and benefits. If this technology were to be implemented nationwide $29 billion would be saved annually estimates the Center for Information Technology Leadership.

Speaker Panel:

-- Amanda Daniels, Director of Strategic Initiatives, NMHC

-- Anthony J. Schueth, Managing Partner, Point-of-Care Partners, LLC

-- Peter N. Kaufman, MD, CMO, DrFirst Inc.

Who Will Benefit From the Tele-Conference on CD-Rom?

Health plans and providers, pharmaceutical and disease management companies, pharmacy benefit managers, CEOs, CFOs, hospital pharmaceutical managers, pharmacists, human resource benefit managers, medical directors, employer health plan decision makers, network development and provider services directors, strategic planners, utilization management, TPAs, network managers, physician practice management company executives, medical management directors, PHO and IPA leadership, analysts, implementer consultants, account services and administration executives and ancillary products managers.

"Attend" this program right in your office and enjoy significant savings - NO travel, NO hassle, and NO hotel expenses.

For more information visit http://www.researchandmarkets.com/reports/c28667

Source: Business Wire

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