fico medication adherence score
DESCRIPTION
The FICO Medication Adherence Score is a predictive analytics tool developed by the same organization responsible for FICO credit scores. The adherence score forecast an individual’s likelihood of taking his or her prescription medication as directed.TRANSCRIPT
FICOMEDICATIONADHERENCESCORE
NON-ADHERENCE IN AMERICA Scale and impact of medication non-adherence in the U.S.
ADHERENCE IS A NATIONAL PROBLEM
• 20% of patients never fill their first prescription• 24% take less than the recommended dosage• Half of all people discontinue prescriptions in the first
six months
The situation is even more challenging in some disease states:
For example, up to 72% of asthma patients report that they take their controller medications less than prescribed. Taking that medicine can reduce hospital and emergency visits by 80%. It’s a huge impact on both patients and practitioners.
THE RESULT
• Nearly 125,000 deaths each year are associated with non-adherence to a medication
• Poor medication compliance costs the U.S. healthcare system $290 billion in avoidable medical spending each year.
• Non-adherence is 13% of the nation’s total healthcare expenditure
FICO MEDICATIONADHERENCE SCOREPredictors of adherence, understanding the score, and applications
Stability
Personal Resources
ConscientiousnessSupport
Demographics
PREDICTORS OF ADHERENCE
PREDICTORS OF ADHERENCE
Stability
Personal Resources
ConscientiousnessSupport
Demographics
Stability: • Job tenure• Transient history
Demographics:• Age & Gender• Geography• Hobbies
Support:• Family structure (spouse, children)
Conscientiousness:• “Responsibility”• Ex: People with high discretionary
income who have low spending/debt
Personal Resources:• Home Value• Car Ownership• Income
UNDERSTANDING THE SCORE
• Data-driven predictive model that assesses an individual’s likelihood of filling future prescriptions
• Therapeutic category and brand-specific adherence models (not one universal score)
• Entire process and implementation are fully HIPPA compliant- Requires only a consumer’s name & address- No self-reported information or Protective Patient
Information (PPI) used** Medication Adherence Score does not take an individual’s FICO Credit Score into Consideration due to Fair Credit Reporting Act
UNDERSTANDING THE SCORE
Compile Data
• Collect de-identified prescription records for drugs used to treat a specific condition• Third party ‘predictor’ data is cross-referenced to create a data set
Analysis
• FICO uses data sets to identify the best predictors of medication adherence and non-adherence
Development
• Model is developed using the identified predictors of adherence• Model is validated using patient populations to ensure strength and robustness• Results and top predictive attributes are shared with the respective FICO client
Deployme
nt
• FICO hosts the information in its secure service bureau• Consumer names and addresses are run through model and scored; the scored file
of consumers is then provided to the client
APPLICATIONS
The FICO Medication Adherence Score provides the opportunity for pharma marketers to OPTIMIZE their resource allocation.
• Improved message targeting
• Develop refined intervention programs
• Implement ‘Test & Learn’ strategies