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Medco and Celesio Announce Pan-European Joint Venture to Enhance Quality of Clinical Care and Reduce Overall Healthcare Costs
Date:6/21/2010

g to be a big social, political and economic challenge.  If we do not tackle these challenges in an appropriate way it could affect both the quality of life for chronically ill patients and economic growth in Europe.  So it is obvious that there is a strong need for new integrated solutions across Europe ensuring high quality of care, while reducing costs for the healthcare systems," said Celesio CEO Fritz Oesterle.

Statistics show that within the first year of treatment more than half of all patients in the United States abandon their prescribed therapy.  In other cases, medicines that should be prescribed in accord with the latest treatment guidelines are not ordered.  In Germany, for example, every fifth medical prescription is not filled at a pharmacy.  In Europe, the costs of poor patient compliance are estimated to amount to 200 to 300 billion Euros per year.  This is, among other factors, because patients are often hospitalized when their condition -- which could have been stabilized by being adherent -- further deteriorates.

Medco has been offering a broad portfolio of advanced, clinically driven services in the United States very successfully for many years.  In diabetes care, for example, Medco studies in the U.S. have shown that implementing advanced pharmacy techniques reduces overall per-patient medical spending by nearly 50 percent, as adherence improves, largely by reducing the need for hospitalizations.

The joint venture will cooperate closely with health policymakers, funding bodies, pharmacies, health care providers and their umbrella organizations, producers of pharmaceuticals, patients' associations and leading research institut
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SOURCE Medco Health Solutions, Inc.
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