Are You Optimizing Generic Drugs?
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Generic Drug Oprimizations

There may be a big opportunity here for you in the name of optimizing generic drugs. In fact, even moving the needle just a little bit could create dramatic results for you. 

Let’s start by sharing an important statistic.

In the United States, 92% of all prescriptions are being utilized in its generic format. Click To Tweet

Although the US already has achieved a higher level of generic utilization than any other country, there is still room for increasing generic efficiency within many therapy classes.

Optimizing generic use will be crucial in controlling spending, considering both Medicaid expansion and our aging baby boomer generation.

What we’re suggesting is that if the US could move their generic utilization by 6%, and that means a 10 billion dollar opportunity in costs control, what does that mean for your organization?

Think of creative, innovative ways you can move the needle by 1% to 6% in the next year. It’s achievable, and could also lead to dramatic profitability increases in your organization.

Share your thoughts in the comments, what’s one way you can move the needle in this area?

Lisa Miller
Lisa Miller
Lisa Miller is a consultant, speaker, and podcast host. Her consulting firm, VIE Healthcare, has provided services to over 1,000 hospitals and organizations since 1999.
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Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now
Learn how to maximize your hospital's profitability while enhancing patient care.
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A strategy developed from analyzing over 5,000 hospitals

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A simple step-by-step plan in plain language

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Proven processes to organize and motivate your team to find savings