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Home Healthcare Plan News Study Finds Consumers Want Their Physician to Lead

Study Finds Consumers Want Their Physician to Lead

Posted on April 20, 2022 Written by Annalyn Frame

RazorMetrics’ recent survey of consumers about drug costs revealed some unexpected results. Healthcare consumers still want their doctor to lead, despite the rise in savings apps driven by consumers. According to the survey, 80% of respondents said they would prefer that their doctor choose a lower-cost drug for them and make it happen automatically.

Sticker shock at the pharmacist is a losing situation for everyone. Patients are being forced to cut back on dosages, split pills or discontinue treatment due to high prescription costs. RazorMetrics asked its drug cost survey, “If a prescription costs too much what should you do?” 9.3% of respondents to the survey said that they would “Forget about it” and “Go home”. Other responses were “Pay for it anyway”, (22.3%), Ask the pharmacist about a discounted rate (35.3%), and “Call your doctor” (21.7%). None of these options are good for patients, pharmacists, or physicians.

Physicians try to reduce costs. 72% of respondents to a survey said that their doctor talks to them about drug pricing. However, doctors cannot prescribe the most affordable medication without assistance. A study published in Jama Network, ” Accuracy Of Physician Estimates on Out-of Pocket Costs for Medication Filling”, found that only 21% of physicians could accurately estimate the out-of pocket costs for their patients when they were provided with drug prices and patient insurance information. According to the study authors, one-third of Americans have difficulty paying their medical bills. Many people turn to their doctors for assistance in navigating insurance and health costs. This puts the doctor at risk of failure.

“As a cardiologist in an active practice, I know the frustration that doctors feel when a patient calls the pharmacy. We attempt to find a different medication in the hope that the patient’s insurance will cover it. RazorMetrics co-founder Dr. Siva Mohan, MD, said that the system was built using a trial and error approach. It’s inefficient, and it’s deeply frustrating for all involved.”

Consumers want to save money on prescriptions. However, rather than chasing down cheaper options, they prefer their doctor to help them navigate this process. Eighty-eight% of respondents to the RazorMetrics survey said that they would be happier with their provider if they discussed drug prices. A majority of respondents said they would be more satisfied if their provider changed their prescription to a cheaper option. Patients want affordable prescriptions from their doctor.

Filed Under: Healthcare Plan News

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About Annalyn Frame

Annalyn Frame
Editor-in-Chief, Health Plan News

Annalyn Frame
Editor-in-Chief, Health Plan News

Annalyn Frame is a dedicated registered nurse and accomplished healthcare journalist known for her commitment to promoting accessible and accurate healthcare information. With a unique blend of medical expertise and editorial prowess, Annalyn serves as the Editor-in-Chief of Health Plan News, a leading online platform at the forefront of disseminating essential insights into the ever-evolving landscape of health plans, wellness strategies, and healthcare policy.

Professional Background:
Annalyn's journey in healthcare began as a passionate registered nurse, where she honed her clinical skills and developed a deep understanding of patient care. Her experience in various healthcare settings, ranging from bustling urban hospitals to rural community clinics, has given her a comprehensive perspective on the challenges and opportunities within the industry.

Driven by her desire to bridge the gap between medical knowledge and public awareness, Annalyn transitioned into healthcare journalism. Her keen ability to dissect complex medical concepts and translate them into easily digestible content quickly set her apart as a prominent voice in the field. Her articles, renowned for their clarity and accuracy, have empowered individuals to make informed decisions about their health and well-being.

Editorial Leadership:
As the Editor-in-Chief of Health Plan News, Annalyn Frame brings her healthcare expertise to the forefront. Under her guidance, the publication has become a trusted resource for professionals and consumers alike, offering timely updates on health insurance trends, legislative changes, cost-saving strategies, and innovative healthcare solutions. Annalyn's commitment to journalistic integrity ensures that readers receive information that is not only up-to-date but also reliable, enabling them to navigate the complexities of healthcare with confidence.

Advocacy and Impact:
Beyond her role as an editor, Annalyn remains a staunch advocate for accessible healthcare and health literacy. She frequently participates in community health workshops, seminars, and public speaking engagements, where she empowers individuals with the knowledge they need to take charge of their health. Annalyn's dedication to improving healthcare access extends to her volunteer work with underserved populations, where she leverages her nursing background to provide hands-on care and education.

Education:
Annalyn Frame holds a Bachelor of Science in Nursing (BSN) degree from a respected institution. Her academic foundation, coupled with her hands-on experience, allows her to offer a well-rounded perspective on healthcare matters.

Annalyn Frame's dynamic blend of nursing expertise and editorial leadership has made her a driving force in both healthcare and journalism circles. Her unwavering commitment to delivering accurate, approachable healthcare information through her role as Editor-in-Chief of Health Plan News underscores her mission to empower individuals and promote positive change within the healthcare industry.

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