No one needs to tell you about the increasing costs of prescription drugs. The March 16, 2015, issue of Business Insider, however, noted that last year, prescription drug costs increased 13.1 percent, “largely because spending on specialty drugs increased 30.9%, the highest increase ever recorded. Traditional drugs saw an increase in spending of 6.4%, roughly double the increase in 2013.”
Authors called it the “highest annual increase in drug spending since 2003." See the article here.
The ISMA knows about the costs of medication too. That’s why your physician organization again reminds you about the Indiana Drug Card, a free program with no age or income requirements, launched in 2009. This drug card is accepted at more than 56,000 pharmacies nationwide, including CVS, the preferred pharmacy of the Indiana Drug Card program. To date, the card program has helped Indiana residents alone save more than $45,000,000 on prescription costs.
The Indiana Drug Card program is HIPAA compliant and requires disclosure of no personal information. It works for anyone without prescription coverage, as well as anyone who has a high deductible plan, high co-pays or a health savings account (HSA), as a way to reduce the costs of medications.
To give your patients easy access to this program, attach a card to a patient’s paperwork upon checkout or staple one to prescriptions. Also when sending prescriptions electronically, you can indicate in the notes section that the prescription should be filled using the Indiana Drug Card. Add the following processing information:
ID NUMber: Enter Year and Time
RxGRP: INRX, RxBIN: 610709,
and Rx PCN: 7777
Hoosiers can print an Indiana Drug Card for free at the Indiana Drug Card website. For further questions or to obtain a supply of cards and holder for your office, contact Natalie Meyer, program director, at (888) 4-INDY-RX or via email.