We Have Everything Else Delivered. Why Not Prescriptions?
Rx Savings Solutions
Helping patients and payers reduce prescription costs with clinical technology, engagement marketing and member support.
Retail ecommerce sales surpassed the $1 trillion mark last year, growing an average of 21% annually since 2020 began. Depending on the source, the number of digital buyers in the United States stands somewhere between 210 and 270 million, as high as 70% of the population.
That’s a lot of package deliveries.
Several polls suggest a similar percentage of Americans are on at least one prescription drug. Why are relatively few of us having those prescriptions delivered?
Apparently, some people enjoy waiting in line at the pharmacy. Which is strange because prescription drugs are the ultimate commodity. We can’t compare them to others on the shelf. No one can try them on. They can’t be returned or exchanged. Most medications are purchased over and over again. They certainly never go on sale.
Speaking of cost, studies have shown that prescription delivery saves patients money up front and leads to lower healthcare costs thanks to better medication adherence
Not quite, not yet.
Growing, But Still Lagging
It’s not like no one has prescriptions delivered to their doors or mailboxes. Each year, CoverMyMeds surveys 1,000 patients on their fulfillment patterns and preferences for its annual?Medication Access Report. The latest data show:
Rx Savings Solutions?conducted similar consumer research
Pre-pandemic data from National Institutes of Health show that prescriptions may actually have been ahead of their time in the delivery game. In 1996, hardly anything beyond pizza and furniture was delivered, but a full 7% of U.S. adults had at least one prescription delivered. However, it took 22 years for that figure to eclipse 10%, most commonly with adults aged 65 or older.
Digital or Brick-and-Mortar?
No doubt the pandemic caused a spike in home delivery of consumer goods across the board. It also narrowed the adoption gap for prescription drug delivery. But a gap still exists. Is there something about prescriptions or brick-and-mortar pharmacies that makes consumers reluctant to delivery or unaware of the option?
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More than one in three people (36%) RxSS surveyed last fall sound like they may never go the delivery route. Familiarity was somewhat strong (47%) with mail-order through insurance, but much lower (<3%) with online, delivery-only pharmacies like Amazon Pharmacy and Mark Cuban CostPlus Drug Company.
Ongoing pharmacist and staff shortages in retail pharmacies could help drive adoption for prescription delivery. The?Wall Street Journal?reported in late January that CVS, Walgreens and Walmart all announced reduced pharmacy hours at a majority of their stores. That compresses the window of time for working adults to pick up prescriptions, and will likely lead to longer wait times no matter the time of day.
Delivery would also seem the logical choice for anyone living in a “pharmacy desert,” now defined by geographic distance from the closest pharmacy, as well as access to transportation needed to reach, both of which can negatively affect rural and urban populations.
The 2023 Medication Access Report from CoverMyMeds provided insights into the prevalence of medication access delays
Options Galore and Multiplying
If your go-to retail pharmacy didn’t offer prescription delivery before the pandemic, it probably does now.
Depending on their prescription benefit
The aforementioned Amazon Pharmacy and Mark Cuban CostPlus are two examples, but each week seems to bring a new digital pharmacy
Making Sense of it All
No doubt, the prescription drug market is expanding with more companies competing for our prescription dollars. The market is betting that whatever reasons consumers may have against having medications delivered will eventually fade away.
And yet, today, the average consumer doesn’t know they have more options than ever, let alone how to sift through them all and find the best combination of cost and convenience. “Aggregator” platforms like Amazon, eBay, Etsy and Shopify give online shoppers
Maybe that’s why so many consumers who order everything else online and have it delivered to their door still drive to the pharmacy and wait in line.
CEO @ Axiss.io | Architect | System Evaluator | Entrepreneur
5 个月Exciting to see the shift towards convenient prescription delivery! At AXISS.io, we resonate with this movement towards efficiency by optimizing tech stacks for CRM and RevOps. Just as delivery services enhance customer experiences, we streamline processes through data hygiene and automation setups. We empower businesses to stay agile and responsive in a fast-paced environment. Like the evolution of prescription services, we believe in leveraging technology to drive growth and improve accessibility!"
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8 个月Hi Sr
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年I'll keep this in mind.