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CVS Health Awarded Pharmacy Benefit Management Institute Excellence Award for ScriptPath Prescription Schedule
Wednesday, March 7, 2018
WOONSOCKET, R.I., March 7, 2018 /PRNewswire/ -- CVS Health (NYSE: CVS) announced today that the Pharmacy Benefit Management Institute (PBMI) awarded the company the 2018 PBMI Excellence Award for Care Management Strategies. The award recognizes the ScriptPath Prescription Schedule, which was developed by CVS Health to help provide a consolidated view of a patient's current CVS Pharmacy prescriptions with an easy-to-understand schedule showing how and when to take each medication.
"We are pleased to be recognized with this award for our industry-leading work to bring the ScriptPath Prescription Schedule to patients as we help them on their path to better health," said Troyen A. Brennan, MD Chief Medical Officer, CVS Health. "For CVS Health, this award validates our efforts to develop innovative programs that improve patient engagement and medication adherence, better manage chronic diseases like diabetes and help clients keep their health care costs down."
The average American adult fills nine prescriptions annually, with people older than 65 filling an average of 20 prescriptions a year. Unfortunately, approximately half of patients report being confused about how and when to take their medications, contributing to the 50 percent of patients with chronic conditions who stop taking their medications within the first year of diagnosis. Further, studies show a 5.7 percent to 6.8 percent decrease in adherence for each dose added to a medication regimen. For patients who are not optimally adherent to prescribed therapies, hospital readmission rates increase by as much as 69 percent, which can result in annual U.S. health care costs between $100 to $300 billion.
The ScriptPath Prescription Schedule offers patients with chronic conditions and complex regimens a personalized prescription schedule with easy-to-understand icons explaining which medication to take, when it should be taken and how much should be taken in each dose. It is designed to improve patient understanding and safety and help simplify how patients take their medications. The schedule is generated by our proprietary Clinical Engine, a robust scientific system created by CVS Pharmacy, which automatically reviews all of a patient's current CVS Pharmacy prescription information and prescribers' instructions. Using clinical data, the Clinical Engine slots a patient's medications into up to four dosing times per day morning, midday, evening and bedtime and recommends dosing times for each medication based on the most effective times of day for the medications to be taken. Deborah Adler, a designer known for her past work on Target's ClearRx prescription packaging system and the inventor and lead designer of the new ScriptPath system, worked with the CVS Health team to develop the easy-to-understand icons and an intuitive layout for each of the ScriptPath offerings.
In addition to the Prescription Schedule, CVS Pharmacy is in the process of rolling out the ScriptPath Prescription Label and Prescription Overview to all stores nationwide this spring. This will extend the use of the easy-to-understand design of the Prescription Schedule to the label on the prescription bottle as well as the prescription bag tag.
About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.
SOURCE CVS Health