Medication Cost Savings in Hospice and Palliative Care Through Implementation of a Quick-Reference Medication Guide

ECU Author/Contributor (non-ECU co-authors, if there are any, appear on document)

Brittney Sabol (Creator)

Institution

East Carolina University (ECU )

Web Site: http://www.ecu.edu/lib/

Abstract: Symptom management is an integral component of end-of-life care provided by hospice services. This project employed a list of alternative low-cost medication options for symptom management to decrease medication costs to the hospice organization. This project applied a multifaceted educational approach to lower the average overall medication cost and the average nonformulary medication cost per patient per day. A quick-reference guide was created and comprised of a target medication list of high-cost, high-use medications, and medications proposed by the nursing and pharmacy staff. In collaboration with the organization’s pharmacy team, a list of low-cost alternative and formulary options with cost comparisons was defined for each target medication and included in the guide. All nursing staff was educated regarding the quick-reference guide and its use. The tools were disseminated physically and digitally to all home care and hospice house nurses and providers. Post-implementation data showed an average of $2.92 cost reduction in overall medication cost and $0.35 cost reduction in nonformulary medication cost per patient per day. These findings compute to a projected estimated annual savings of $149,212 to $159,870 for overall medication cost and $17,885 to $19,162 for nonformulary medication cost, dependent upon patient census. These findings support the use of a multifaceted educational approach to medication cost reduction in the hospice setting. However, further investigation of other methods is warranted, and more robust studies are needed to fully estimate the long-term impact of a project like this.

Additional Information

Publication

Other

Sabol, B. (2022). Medication cost savings in hospice and palliative care through implementation of a quick-reference medication guide (Doctoral Scholarly Project, East Carolina University).

Language: English

Date: 2023

Subjects

cost savings, medication cost, educational intervention, formulary, hospice

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