BioCentury on BioBusiness,
How Geisinger expects greater drug use will help lower total healthcare costs
When more drugs lower costs
Monday, January 20, 2014
Health System uses a pay-for-performance healthcare delivery model and
expects increased prescription drug use will help drive total healthcare cost
reductions. However, biotech and pharma companies still will need to
demonstrate the outcomes and cost-savings potential of their drugs in the real
world before Geisinger will give them a spot on its formulary.
Geisinger serves 2.6 million
people in central and northeastern Pennsylvania. The health system owns 41
hospitals and clinics and also is an insurer. The insurance segment has more
than 290,000 members. The Geisinger hospital system serves all of these
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