Reducing Healthcare Costs Through Clinical Pharmacy
January 24, 2023
As healthcare spending continues to rise, the question of how to control costs while
maintaining鈥攐r potentially improving鈥攐utcomes becomes increasingly more important.
鈥淲e have to do something about it,鈥 he said. 鈥淎t the rate we鈥檙e going, health care
debt will continue to prompt even more bankruptcies among patients.鈥
Tovar has always been passionate about reducing healthcare costs, but acknowledges
the limitations of his profession.
鈥淥bviously as a pharmacist you only have control over one specific area,鈥 he said.
He hopes to change that through advocacy for a more collaborative model鈥攐ne in which
pharmacists are more involved in patient care.
As a pharmacist at a Texas teaching hospital, Tovar had the opportunity to work with
physicians, residents, medical students and pharmacy students as part of a patient
care team. In that role, Tovar was responsible for the medication-related aspects
of the patient鈥檚 care. He also ran an outpatient clinic where he worked to ensure
each patient鈥檚 medication was prescribed and adjusted to meet that individual's specific
needs.
鈥淭here are a lot of drugs out there, but the right one can depend on the patient,鈥
he explained.
In working with diabetic patients, Tovar noted that patients referred to him was not
getting the correct type and dose of insulin. By working with the patients and making
medication adjustments, Tovar was able to help his patients use less insulin and achieve
better insulin control.
鈥淲e鈥檙e trained to pick the best drugs for the patients,鈥 he added.
This knowledge, he said, means pharmacists are well-positioned to contribute to better
healthcare outcomes. With better medication management, adverse effects from poorly
controlled conditions such as diabetes or high blood pressure can be mitigated thereby
improving patient outcomes and reducing healthcare expenditures.
鈥淭he current model is not working,鈥 Tovar emphasized. 鈥淚t鈥檚 not going to help improve
those outcomes. Let鈥檚 work together on the front end so the outcomes are better鈥
A Collaborative Model of Health Care
So what does a collaborative model of health care look like?
Tovar believes including pharmacy consultations as a standard component of patient
care would be one way to help physicians and pharmacists provide better patient care
while lowering costs. These consultations would provide an opportunity to review medication
options and create an individualized treatment plan.
The main obstacle to that, he explained, is that insurance companies currently have
extremely low reimbursement rates for pharmacy consultations because Medicare does
not recognize pharmacists as providers鈥攄espite the role they can play in lowering
prescription spending, improving disease control and reducing hospitalizations.
鈥淲hen you add all those direct and indirect costs, any billing by a pharmacist is
going to be more than offset by those savings,鈥 he said.
While low reimbursement rates currently make it difficult for hospitals and other
healthcare organizations to offset the costs of having a staff pharmacist, that may
be changing.
Insurance companies, Tovar said, are increasingly looking to reward performance based
on patient outcomes. By adding staff pharmacists, medical providers could more easily
meet benchmarks of care. The financial rewards from achieving these goals could cover
any pharmacist salary cost.
The Future of Pharmacy Practice
As an associate professor at PCOM School of Pharmacy, Tovar knows that changing how
pharmacy is practiced begins with the instruction delivered to the pharmacy students
of today.
鈥淲e鈥檙e not just talking about it, we鈥檙e trying to do something about it,鈥 he said.
Through innovative new learning strategies and hands-on experience in managing patients, PCOM pharmacy students are gaining the skills needed to holistically
assess each patient and decide treatment strategies based on practical exercises which
emphasize collaboration with the patient鈥檚 healthcare team.
According to Tovar, students enjoy the new teaching methods and are better prepared
to enter the workforce or pursue pharmacy residencies. And this, he said, means PCOM
School of Pharmacy is moving in the right direction to ensure student success.
鈥淲e want to give them the skills to allow them to be the pharmacy practitioners of
the future.鈥
Dr. Tovar鈥檚 quote originally read as 鈥淎t the rate we鈥檙e going, it鈥檚 going to bankrupt
the country.鈥 This was updated to read as 鈥淎t the rate we鈥檙e going, health care debt
will continue to prompt even more bankruptcies among patients.鈥
This statement: "In working with diabetic patients, Tovar noted that every patient
referred to him was not getting the correct type of insulin." was updated to read:
"In working with diabetic patients, Tovar noted that patients referred to him were
not getting the correct type and dose of insulin."