Winter series 5: expensive medications?
January 2024Welcome to the fifth edition of the Linksight Winter Series! In 2024, the focus is on federated data collaboration. This week in the spotlight: expensive medications. When is expensive truly expensive?
What?
Expensive medications are a much-discussed topic in healthcare. We often hear about medications that become unaffordable for patients. The question arises: what makes a medication expensive? Is it just the price per unit or are we overlooking the total cost picture across the entire healthcare chain?
Why?
Some medications are more expensive to purchase but have fewer side effects. This means less need for additional medication, which often has its own side effects. More expensive medications sometimes also work better. Faster recovery leads to less rehabilitation, home care and informal care. This applies to both regular and mental healthcare. Are we fixating on the sticker price, or do we include all consequential costs in considering whether a medication is truly expensive?
How?
For a complete overview of the direct and indirect costs of medications, data from the entire healthcare chain is needed. Linksight makes it possible for organizations to collaborate and share insights without disclosing confidential information. Through encrypted data and statistical analyses on large datasets, we obtain valuable insights.
And now?
Discover why Linksight is the Dutch market leader in federated data collaboration with privacy-sensitive data. Curious about the possibilities for your organization? Contact us via our contact form, and we will give you access to your own test environment.