Boost Health, Cut Costs: Optimize Medication Efficiency and Reduce Adverse Reactions
In today’s complex healthcare environment, finding innovative solutions to manage rising pharmacy costs for your workforce is crucial. In 2018 alone, the U.S. witnessed a staggering $479 billion in gross prescription spend, with an additional $528 billion attributed to non-optimized medications annually (IQVIA).
The Promise of Pharmacogenomic (PGx) Testing
Pharmacogenomic (PGx) testing offers a viable solution by significantly reducing adverse drug interactions through preemptive personalized approaches. This leads to notable savings for both individuals and employers across a population. Understanding genetics is crucial for employees, helping providers optimize medication prescriptions for mental health, bleeding or clotting issues, stomach acid problems, pain management, and high cholesterol.
Benefits for Employees and Employers
Enhance Prescription Accuracy
PGx testing helps identify the most effective medications for each individual, reducing the trial-and-error process in prescribing and improving health outcomes. According to the Mayo Clinic, PGx testing can pinpoint which medications are more likely to be effective based on a person’s genetic makeup, minimizing adverse reactions and enhancing therapeutic efficacy (Mayo Clinic).
Reduce Risks and Costs Due to Adverse Reactions
Adverse drug reactions are a significant concern in healthcare, often leading to hospitalizations and additional medical interventions. PGx tests can lead to significant cost savings by avoiding ineffective treatments and reducing hospitalizations and medical interventions due to adverse drug reactions. A study published in the Journal of Medical Economics found that PGx testing could reduce overall healthcare costs by preventing adverse drug events (Journal of Medical Economics).
Decrease Medication-Related Presenteeism and Absenteeism
Supporting an individual’s care team in optimizing their medications can help those on medications have a productive day at work. Improved medication management through PGx testing can lead to fewer side effects and better adherence to treatment regimens, reducing presenteeism and absenteeism among employees. According to the CDC, poor medication adherence costs the U.S. healthcare system between $100 billion and $289 billion annually due to complications and hospital readmissions (CDC).
Aligning with Organizational Goals
Investing in comprehensive pharmacogenomic programs not only supports your employees' health but also aligns with your organization’s long-term goals. By fostering a healthier, more productive workforce, you can enhance your company’s reputation as a supportive and forward-thinking employer, attracting top talent and driving business success.
Take Action Today
Reach out to us for personalized PGx testing, a cost-effective solution that improves medication management, enhances health, and supports a healthier, more productive workforce. Contact us to learn more about how Genomic Life can help you optimize employee health and support your organizational goals.
This blog post outlines the benefits of Genomic Life's pharmacogenomic testing program for business owners, emphasizing how it supports employee health, enhances medication management, and aligns with organizational goals. It includes marketing-related headings and incorporates additional public and research references to support the statements.
The first step is always the hardest.
The first step is always the hardest.
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