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National Trends in Prescription Drug Expenditures: Projections for 2022

ACPE Number: 0204-0000-22-057-H04-P&T 
Content Release Date: 5/12/2022
Expiration Date:  5/12/2025
Activity Type: Knowledge-based
CE Credits: 1.00 contact hours
Activity Fee: Free - Members/ N/A - Non-members

Activity Overview

The annual forecast of pharmaceutical expenditures in hospitals and clinics provides pharmacy managers with detailed information on trends in prescription expenditures, new drug approvals, patent expirations, and other factors that may impact drug spending in the future. The methods and main findings of the 2022 forecast will be reviewed, including the trends observed in 2021, the projected growth in expenditures in 2022, and factors driving that growth, for example, the impact of the COVID-19 pandemic. Suggestions for how to best use the forecast in an individual hospital or health-system will also be provided. Audience participation is encouraged and questions from the audience will be answered by the speakers. 

Accreditation

The American Society of Health-System Pharmacists is accredited by the Accreditation Council for Pharmacy Education as a provider of continuing pharmacy education.

This activity was planned to meet the educational needs of pharmacy leaders responsible for analyzing their drug usage trends and developing their organization’s pharmacy budget. 

After completing this activity, the learner should be able to… 

  1. Identify the methods used in the 2022 drug expenditure projections. 

  1. Discuss the strengths and limitations of the methodologies used for projections.  

  1. Describe historical trends in hospital/clinic prescription expenditures, emphasizing 2021. 

  1. Discuss reasons for anticipated growth in prescription expenditures  in 2022 and beyond.

  1. List recommendations for use of the 2022 drug expenditures projections in budgeting.  

* Introduction
* Presentation
* Q&A

John S. Clark, Pharm.D., M.S., BCPS, FASHP 
Associate Chief Pharmacy Officer 
University of Michigan Health 
Clinical Associate Professor 
University of Michigan College of Pharmacy 

Sandra Cuellar, PharmD, BCOP,FHOPA, FASHP 
Clinical Associate Professor 
University of Illinois College of Pharmacy 
Clinical Oncology Pharmacist 
UI Health 

Katie J. Suda, PharmD, M.S., FCCP 
Professor of Medicine and Pharmacy & Therapeutics 
Director, Transition to Independence Program (TIPs) 
Associate Director, Center for Pharmaceutical Policy and Prescribing 
University of Pittsburgh Schools of Medicine and Pharmacy 

Eric M. Tichy, Pharm.D., M.B.A., BCPS, FCCP, FAST 
Division Chair, Supply Chain Management 
Assistant Professor of Pharmacy 
Mayo Clinic 

Relevant Financial Relationship Disclosure

In accordance with our accreditor’s Standards of Integrity and Independence in Accredited Continuing Education, ASHP requires that all individuals in control of content disclose all financial relationships with ineligible companies. An individual has a relevant financial relationship if they have had a financial relationship with an ineligible company in any dollar amount in the past 24 months and the educational content that the individual controls is related to the business lines or products of the ineligible company. An ineligible company is any entity producing, marketing, re-selling, or distributing health care goods or services consumed by, or used on, patients. The presence or absence of relevant financial relationships will be disclosed to the activity audience. * No one in control of the content of this activity has a relevant financial relationship (RFR) with an ineligible company.

Methods and CE Requirements

This activity consists of recordings of faculty slides presentations, active learning activities, discussion, and handouts. Participants must participate in the activity in its entirety to claim continuing pharmacy education credit online at ASHP eLearning Portal. Follow the prompts online to complete the evaluation, claim credit and view the statement of credit immediately after completing the activity. Per ACPE requirements, CPE credit must be claimed within 60 days of being earned. Claim your CE at http://elearning.ashp.org. Once you have processed and claimed your CE credit, we encourage you to check your NABP eProfile account to verify your credits were transferred successfully before the ACPE 60-day deadline. It is an electronic direct-report process so your credits should appear in your account within a few minutes. After the 60 day deadline, ASHP will no longer be able to report your credit(s) for this activity.