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PHARMACY 2012: ADDING VALUE TO THE HEALTHCARE SYSTEM

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Presentation on theme: "PHARMACY 2012: ADDING VALUE TO THE HEALTHCARE SYSTEM"— Presentation transcript:

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2 PHARMACY 2012: ADDING VALUE TO THE HEALTHCARE SYSTEM
MTM Organization 2

3 MICHAEL WOLNERMAN, RPh, CCIM
Dick Pharmacy, Des Moines, Iowa Osco Drug, Chicago, Illinois (Commercial Real Estate Gig) Urbandale Pharmacy, Urbandale, IA Franklin Pharmacy, Des Moines, IA Your-Med LTC, Des Moines, IA Walgreens, Des Moines, IA Education: Drake University

4 DR. MICHAEL CASE HAUB, PHARMD
Hy-Vee Pharmacy, WDM, Cedar Rapids CVS Pharmacy, New York, NY Iowa Health System Iowa Methodist Hospital Department of Clinical Research Penn Medical Pharmacy Iowa Medicaid PA Department Adjunct Faculty: Drake & University of Iowa Education: Drake University PharmD BC-ADM (Board Certified- Advanced Diabetes Mgmt)

5 Outcomes Company Background
Who: Founded by Iowa pharmacists What: Medication Therapy Management Services (MTMS) Outcomes MTM Program Outcomes Targeted Intervention Program (TIP®) When: January 1999 Where: Des Moines, IA Why: Deliver a scalable, Face-to-Face MTM program that improves quality of care and lowers health care costs. MTM Organization 5

6 MTM Opportunities Expand Exponentially
Outcomes Program Progression Researching pharmacist-delivered MTM services and the effects on total health care costs Congresses passes Medicare Modernization Act (MMA) 2010 Call Letter Released MTM Opportunities Expand Exponentially 15K 1 million 2.5 million 5.5 million 1990s 1999 2003 2006 2009 2010 2011 200K 1.5 million 3.7 million Outcomes Pharmaceutical Health Care ® Established Medicare Part D Implementation Significant MTM Changes Required

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8 Client Types Payors Health Plans, Employers, Medicaid
PBMs/Claims Processors Outcomes Management Options Fully outsourced – Network delivery Combination Client’s Internal RPhs + Network Geographic Distribution State, Regional, National Size One to 1.5 million covered lives

9 Types of Pharmacists: BS Pharmacy or Pharm D Retail/Pharmacy Sales
Hospital Mail Order Clinical Nuclear LTC/Chemotherapy

10 Pharmacist/Patient/Prescriber
Role of Pharmacist has not changed, it has expanded. Role of the Patient has not changed, well, maybe??!! Prescribers HAVE changed. Pharmacist Complete the Triangle

11 Jerry Seinfeld Episode

12 How Does A Pharmacy Make Money? Groomed for the Pharmacy of Today:
Inventory Management Prescription Volume Customer Service POS: Point of Sale Vaccines Locale of Pharmacy

13 Role Of A Pharmacist In Today’s Setting
MTM Organization 13

14 The Role: Transition from dispensing model
Fee for service is “dead”, pay for performance is new model Medication Therapy Experts Change in physician centric model

15 How Does this Affect Plans:
HEDIS measures Star Ratings Reimbursement Bonuses Patient recruitment Pharmacist can positively effect vast majority of these measures

16 Services Provided: Medication Therapy Management
Disease state management Transition of care/med reconciliation Medical Home Model

17 How Is There Enough Time In The Day?
Current model= there isn’t time! Current compensation paradigm= not self sustaining Pharmacist filling more RXs Efficiency/workflow

18 Prioritization Of Responsibilities
Utilization of Technology Delegation certified technicians Less focus technical functions, increase on cognitive services Similar to physician clinic model

19 Medication Therapy Management In Today’s Pharmacy
MTM Organization 19

20 What is Medication Therapy Management (MTM)?
Leveraging Pharmacists to address therapy gaps and non-adherence, enhance quality and manage costs.

21 Real World Patient Example:
“Gertrude” Diabetes, elderly, HTN No ACEI/ARB Recommendation to physician “SHUT UP”; “MAKE ME” Dialysis within 6 months Documentation of recommendation Out of court settlement Could have been avoided!!

22 How Does An Outcomes MTM Program Work?
National footprint 50 states, Washington D.C. and Puerto Rico Manages 60,000 Pharmacists through “MTM Centers”

23 Outcomes MTM Covered Services

24 Targeted Intervention Program (TIP)
Rx/Medical Data Eligibility Data TIP Engine (Clinical Rules) TIP Quality Assurance TIPs Uploaded Online TIPs Mailed to Pharmacies

25 Online Claim Documentation Documented Savings to the Client
Push AND Pull Claims Online Claim Documentation Documented Savings to the Client Client Outcomes Pharmacies $ $

26 Typical MTM Program Results
MTM Organization 26

27 The Program: 60,000 Commercial Lives in Iowa (2010 Data)
$4.2M in saved or avoided costs documented by community pharmacists $1.2M of those savings are accounted for in drug product costs alone $2.44 ROI on prescription drug spend alone 528 Pharmacies participated finding on average $783 in savings per patient served

28 Questions? Michael Wolnerman, RPh, CCIM
Dr. Mike Case Haub, RPh, PHARM D


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