BECAUSE DRUGS CAN HARM MEDICATION RISK REDUCTION SOFTWARE & SERVICES Prescription drug spending 40 billion (1990) to 271.1 billion (2013) 2 Million Americans harmed by drug safety issues annually. 100,000 Deaths / Year http://www.prweb.com/releases/2014/01/prweb11486304.htm Emergency Department Visits Related to Drug Misuse or Abuse - United States, (2004–2010) SAMHSA. Highlights of the 2010 Drug Abuse Warning Network (DAWN) Findings on Drug-Related ED Visits, 2011 Motor Vehicle Traffic, Poisoning, and Drug Poisoning (overdose) Death Rates, US (1980-2010) Drug Overdose Deaths by Major Drug Type, US (1999-2010) Preventable medication errors cost $21 billion (2010) 16.4 billion inpatient 4.2 billion outpatient 1. http://www.wolterskluwerlb.com/health/resource-center/articles/2012/10/economics-health-care-quality-and-medicalerrors Risk Evaluation Mitigation Strategies Programs to ensure drug benefits outweigh drug risks Drug Company Beyond traditional drug labeling 108 REMS Drugs REMS Approved drugs for which REMS is unnecessary. >20% Opioid Narcotics Drugs that would not receive FDA approval to remain on the market because the risk outweighs the benefit Average Risk of Drug Prescription drugs would not be available or remain on the market without a REMS REMS PROGRAMS drug company required to audit and maintain Train Engage Manage Success Requirements for: Physicians / Prescribers Hospitals & Healthcare Facilities Pharmacies 83,264 REMS DRUG DEATHS Voluntary reporting to the FDA estimated to represent only 10% of actual events 1,439,849 ADVERSE EVENTS for 42(39%) of 108 REMS Drugs (2005 2013) REMS DRUG LITIGATION Product Liability Claims Victoza (2015 - ongoing) diabetes drug with risk of pancreatitis Testosterone (2015 - ongoing) multidistrict litigation Oxycontin (2014 - ongoing) Purdue Pharma vs KY (1 Billion) Mycophenolate (2011) - Patient awarded $500,000 medical expenses plus undisclosed amount for general damages Accutane (Feb 2011) - Up to 50 Million paid out for claims Avandia - More than 50,000 lawsuits filed against GlaxoSmithKline (2010 - 520 Million) (2011 - 250 Million) (2012 - 3 Billion) REMS DRUGS INCREASING Number of REMS Drugs 137.5 110 97 82.5 55 108 70 27.5 0 September 2012 February 2013 January 2015 PROBLEM: LOW REMS COMPLIANCE Non-Compliant Compliant Confusing Burdensome 14% Certification Provider training Elements to Assure Safe Use (ETAS Restricted distribution Laboratory tests Patient enrollment Informed consent… https://oig.hhs.gov/oei/reports/OEI-04-11-00510.asp What is REMS Compliance? Prescribers, healthcare orgs, pharmacies are required to adhere with FDA drug programs to maintain the necessary legal permissions to prescribe and dispense. The following are requirements that must be met to be considered compliant. Prescriber REMS Requirements Education/Certification Certification renewals Informed consent Counseling documents Appropriate use assessments Laboratory monitoring Medication guide distribution Patient education Patient enrollment © 2015 REMS Logic, LLC. All rights reserved. Prescriber enrollment Health Care Organizations & Pharmacy REMS VerifyRequirements prescriber certification Verify patient registration Monitoring/management Medication guide distribution Facility enrollment Restricted distribution Staff education Documentation (inventory, dispensing) Drug loan/borrow Drug ordering Audits Why is REMS Compliance so low? FDA imposes a large burden on prescribers due to vast amount of REMS requirements that prescribers are expected to know FOR EXAMPLE 25 of the REMS drugs have more than 100 requirement details to remember!!! Without a tool to assist providers, the expectation may be considered unrealistic © 2015 REMS Logic, LLC. All rights reserved. Medication Risk Exposure to risk happens each time a REMS drug is: • ordered by the doctor • dispensed from the pharmacy • given to the patient This could be thousands of times per month, maybe millions of times per year!!! © 2015 REMS Logic, LLC. All rights reserved. Medication Risk In its current state, Prescriptions are being issued WITHOUT adherence to REMS program requirements Patients, healthcare employers and payers may be UNAWARE © 2015 REMS Logic, LLC. All rights reserved. Do you currently manage REMS Data? … if YES, • • • • • • How are you doing it? What resources are required? How much time does it take? How often do you update data? When was your last audit? How do you track prescriber compliance? © 2015 REMS Logic, LLC. All rights reserved. Did you have all the answers? … if NO, With our solution, there is no need to manage your own REMS data – we manage it for you! © 2015 REMS Logic, LLC. All rights reserved. Solution: Single Source for REMS Requirements REMS ™ LOGIC SOLUTION • Informs clinicians and patients of drug risk and what measures to take to prevent harm • Reduces prescriber liability REMS Logic standardizes complex federally-mandated programs making information manageable for end users © 2015 REMS Logic, LLC. All rights reserved. REMS ™ Logic Data Standardization & Management Standardizes 60+ data elements per drug into 5 categories Quickly navigate drugs by REMS requirement © 2015 REMS Logic, LLC. All rights reserved. Benefits of REMS Logic™ Our system reduces risk by… • Providing a mechanism for prescriber training activity • Prescribers can document completion of drug requirements • Minimizes - Drug harm cost - Healthcare intervention cost - Liability insurance cost - Litigation cost © 2015 REMS Logic, LLC. All rights reserved. Benefits of REMS Logic™ FOR DOCTORS • • • • Ease of use! All REMS information in a single resource 1 to 2 click access to requirements Customized dashboard for commonly used drugs • Documentation of training status • Reduces doctor risk and liability © 2015 REMS Logic, LLC. All rights reserved. Benefits of REMS Logic™ FOR HOSPITAL/HEALTH CARE ORGANIZATIONS • Added QUALITY • Prevent adverse drug events • Drug harm cost avoidance • Increased patient safety • Reduces risk and liability • Compliance tracking • Audit protection © 2015 REMS Logic, LLC. All rights reserved. HIGH RISK DRUG THERAPY. ZERO HARM. www.remslogic.com