The American healthcare IT market will hit $31 billion in 2017, with a compound annual growth rate of 7.4% from 2012 to 2017. Driving this growth is the demand for clinical IT and the use of IT to reduce the cost of healthcare delivery. It is just a matter of time before paper-based systems disappear entirely and the entire system is digitized.
What are some of the events from the past year in pharmacy and healthcare that stand out the most?
We are moving into the era of personalized medicine — or, to use the new label it has been given, precision medicine. The new emphasis is on a person’s genetic makeup as the basis for tailoring drug therapy for the desired outcome.
The Government Accountability Office just released its report to Congress on electronic drug labeling, following extensive interviews with a number of industry stakeholders. There was no consensus reached on the advantages of electronic labeling over paper.
Pharmacies are at the forefront in addressing the abuse issue. The early PMPs wanted to know what was being dispensed by pharmacies. Fortunately, the pharmacy management system could be programmed to automatically send the file of controlled substances for the required reporting frequency.
Celebrating the efforts of the system vendors to help pharmacists initiate programs that will encourage adherence to a person’s medication regimen and improve outcomes.