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Advancing The Responsible Use Of Medicines: Quantifying Avoidable Health System Costs

December 6th, 2012

With global spending on medicines likely to reach one trillion dollars by 2014, and growing concern about the cost-effectiveness of all parts of healthcare spending, an examination of the ways in which medicines are used is both timely and relevant to understand their impact on patient outcomes and the costs of delivering healthcare.

A recent report by the IMS Institute for Healthcare Informatics tackles the issue of understanding the linkage between responsible medicine use and health system costs. By examining six levers for improving medicine use, and developing an economic model to estimate global avoidable costs, the Institute was able to illuminate the magnitude of the opportunity for improvement – avoiding costs for health systems while maintaining or improving health outcomes.

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