8 Benefits of RPO (Recruitment Process Outsourcing)
18/07/2024
10 Benefits of Partnering with a Recruitment Agency
22/07/2024
Are you someone who cannot afford care from a good healthcare provider because of your financial situation? Do you want help with a particular treatment or securing a drug? A patient assistance program provides pharmaceutical drugs to patients who lack prescription drug coverage at no cost or a low cost. A patient assistance program also involves other aspects such as patient education about the disease and spreading financial awareness. When all these different aspects come together, we have a successful patient assistance program.
What is the Importance of a Patient Assistance Program?
1. Improve Treatment and Drug Success Rate
The number of patients undergoing the treatment and recovering fully or partially to their original state of health increases significantly.
2. Increase Drug Demand
Pharma can increase the demand for the drug through a patient assistance program, as it will both secure a good reputation for the company as well as convince others to go in for the drug and associated treatment.
3. Drug and Treatment Charges Can Be Justified
The pharma company can charge a higher cost for the drug if they need to and justify these costs not only to investors but to their patients and healthcare providers.
4. Meet statutory compliance
In certain jurisdictions, there may be certain impositions by the government regarding the affordability of the drug. Having a patient assistance program helps make the drug affordable and lets the pharma company meet compliance requirements.
5. Improve brand reputation
The brand reputation improves, and the pharma company can improve its public relations, assuring that it also covers its CSR initiatives and positions itself as someone who values the health of the community it is catering to.
How to Manage a Patient Assistance Program?
A patient assistance program is managed by a third party on behalf of the pharma company. The pharma company generally shares some precursory knowledge about the drug, what diseases it can address, how it is administered, and how long the therapy will last etc. with the patient support program partner.
The pharma company also details marketing efforts, pricing details and how they decide the eligibility criteria for each patient. The PAP partner then creates a specific patient assistance program which then enrols eligible patients and helps make the treatment affordable.
What You Can Get from a Patient Assistance Program?
1. Assistance in Enrolling Patients for the Program
Patients are generally enrolled by the PAP partner at the point of care. The eligibility requirements for the patients to be enrolled in the program are discussed beforehand with the pharma company. It is then decided whether drug and care must be provided at zero cost or a low cost.
2. Providing Medical Guidance to Patients Under PAP
Medical guidance, which involves the description of the disease and the treatment options, the duration of treatment and the special instructions that must be followed if any. In this sense, a patient assistance program is a part of the larger patient support program group.
3. Answering Patient Queries Regarding Finances or Health
Any query that the patient may have regarding their finances or health will also be answered by the patient assistance program partner. They will create case files for each patient so that the patient can be provided customized and personal support.
4. Talking to the Payer to Get the Claim Approved
In a co-pay patient assistance program, the partner will be in touch with the payer throughout the entire process, ensuring that the claim is approved on time. The partner will also help clarify and negotiate on behalf of the patient ensuring that the medicines are made available on time.
5. Clear Plan and Stakeholders for Each Stage of the Program
The entire patient assistance program has a clear plan and stakeholders to manage each stage. This ensures that post patient enrolment to settlement of bills, everything in the process happens without any delays.
Are You Looking for a Patient Assistance Program (PAP) Partner?
Patient assistance programs are a key link between patients and payers and patients and pharma companies. They ensure that the patient gets the right treatment in time, the quality of care and quality of life improves, and the pharma company can keep its reputation intact. If you are looking for a PAP partner who can help you with managing affordability and awareness.
Alp Consulting might be just the partner you need. With over a decade of experience in managing patient support programs, our support and solution options are second to none. Talk to us today to get your doubts clarified and your patients happy once again.
