Systems and methods for shifting prescription market share by presenting pricing differentials for therapeutic alternatives

• US 8,630,873 B1
• Filed: 03/30/2012
• Issued: 01/14/2014
• Est. Priority Date: 12/08/2005
• Status: Active Grant

• Current Assignee: NDCHealth Corp. (McKesson Corp.)
• Original Assignee: NDCHealth Corp. (McKesson Corp.)
• Inventors: Wiley, Joseph Lee II, Burkett, Kenneth E.
• Primary Examiner(s): Fuelling, Michael
• Application Number:
  US13/435,255
• Time in Patent Office: 655 Days
• Field of Search: 705/2, 705/20
• US Class Current: 705/2
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G16H 20/10 relating to drugs or medications, e.g. for ensuring correct administration to patients

Abstract

While a pharmacist may know of other medications approved by the FDA for the same medical condition, the pharmacist typically does not know what the therapeutically equivalent dose of those products is when compared to the originally prescribed item. In addition to this lack of equivalent dosage information, the pharmacist also is unable to determine if any of those other FDA approved items will save the consumer any money. Accordingly, embodiments of the invention can provide pharmacists and/or consumers with equivalent dosage information as well as pricing information for the equivalent dosage. Accordingly, based at least in part on this information, consumers may have an incentive to and may decide to purchase to another prescription drug, thereby shifting market share to a preferred prescription drug or pharmaceutical manufacturer or provider.

Claims

1. A computer-implemented method for facilitating a shift in drug market share, comprising:

offering, by at least one computer processor, one or more drugs to a pharmacy at an initial price, wherein the drugs can be used to fill prescriptions associated with consumers;

establishing, by at least one computer processor, a rebate program with the pharmacy to provide a price reduction for a prescribed drug based on a shift in market share for the prescribed drug;

receiving, by at least one computer processor, from a therapeutic alternative program, information associated with a shift in market share for the prescribed drug;

prior to providing a price reduction for the prescribed drug based at least in part on the shift in market share, determining, by at least one computer processor, whether the drug is eligible for a price reduction; and

after a determination is made that the drug is eligible for a price reduction, offering, by at least one computer processor, the drug to the pharmacy at a reduced price, wherein the drug can be used to fill a prescription requested by a consumer.