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    How NADAC, WAC, and ASP Shape Drug Costs

    How NADAC, WAC, and ASP Shape Drug Costs

    April 20, 2026
    The Hidden Costs Employers Don’t See in Traditional Health Plans

    The Hidden Costs Employers Don’t See in Traditional Health Plans

    March 22, 2026
    The Impact of COVID-19 on Patient Trust

    The Impact of COVID-19 on Patient Trust

    March 3, 2026
    Debunking Myths About GLP-1 Medications

    Debunking Myths About GLP-1 Medications

    February 16, 2026
    The Future of LLMs in Healthcare

    The Future of LLMs in Healthcare

    January 26, 2026
    The Future of Healthcare Consumerism

    The Future of Healthcare Consumerism

    January 22, 2026
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    Public Perception of Peptide Regulation and Compounding Practices

    Public Perception of Peptide Regulation and Compounding Practices

    April 19, 2026
    Understanding of Clinical Evidence in Peptide and Hormone Use

    Understanding of Clinical Evidence in Peptide and Hormone Use

    March 30, 2026

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    Can you tell when your provider does not trust you?

    Can you tell when your provider does not trust you?

    January 18, 2026
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    National health polls: trust in healthcare system accuracy?

    May 8, 2024
    Which health policy issues matter the most to Republican voters in the primaries?

    Which health policy issues matter the most to Republican voters in the primaries?

    May 14, 2024
    How strongly do you believe that you can tell when your provider does not trust you?

    How strongly do you believe that you can tell when your provider does not trust you?

    May 7, 2024
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  • Home
  • Articles
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    How NADAC, WAC, and ASP Shape Drug Costs

    How NADAC, WAC, and ASP Shape Drug Costs

    April 20, 2026
    The Hidden Costs Employers Don’t See in Traditional Health Plans

    The Hidden Costs Employers Don’t See in Traditional Health Plans

    March 22, 2026
    The Impact of COVID-19 on Patient Trust

    The Impact of COVID-19 on Patient Trust

    March 3, 2026
    Debunking Myths About GLP-1 Medications

    Debunking Myths About GLP-1 Medications

    February 16, 2026
    The Future of LLMs in Healthcare

    The Future of LLMs in Healthcare

    January 26, 2026
    The Future of Healthcare Consumerism

    The Future of Healthcare Consumerism

    January 22, 2026
  • Surveys

    Surveys

    Public Perception of Peptide Regulation and Compounding Practices

    Public Perception of Peptide Regulation and Compounding Practices

    April 19, 2026
    Understanding of Clinical Evidence in Peptide and Hormone Use

    Understanding of Clinical Evidence in Peptide and Hormone Use

    March 30, 2026

    Survey Results

    Can you tell when your provider does not trust you?

    Can you tell when your provider does not trust you?

    January 18, 2026
    Do you believe national polls on health issues are accurate

    National health polls: trust in healthcare system accuracy?

    May 8, 2024
    Which health policy issues matter the most to Republican voters in the primaries?

    Which health policy issues matter the most to Republican voters in the primaries?

    May 14, 2024
    How strongly do you believe that you can tell when your provider does not trust you?

    How strongly do you believe that you can tell when your provider does not trust you?

    May 7, 2024
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Home Innovations & Investing

Medical Devices & Patient Advocacy

Daily Remedy by Daily Remedy
May 8, 2024
in Innovations & Investing
0

Medical device manufacturers are by nature, rather aloof when it comes to the public.

There is little to be gained, and much to be lost.

Typically whenever a medical device manufacturer makes the news, it is usually for something bad – a recall, an adverse patient event, a regulatory sanction.

Less is more, particularly when it comes to direct patient engagement, a belief ubiquitous across the industry.

A belief primed to change in the post-pandemic world of healthcare. A recent study by McKinsey & Co. has found that an overwhelming percentage of both healthcare providers and patients desire a change in overall engagement with medical devices. A change we are starting to see.

Whereas before the engagement was defined by the healthcare policy, new models of engagement center on aspects of the patient journey not previously associated with medical device companies.

A supplier of in vitro diagnostics conducted ethnographic studies to address unmet needs of its diverse patient population, needs created by healthcare disparities overlooked in pre-pandemic healthcare.

The pandemic has changed the perception of healthcare, and the expectations for good clinical care. It naturally follows that the interactions change as well. Medical devices are in a prime position to capitalize on this shift by exploring novel value creating opportunities – primarily through new forms of patient engagement.

Early, successful attempts at capturing these opportunities emphasize the patient journey. Subsequent attempts should expand upon the patient journey, and transform medical devices from a product to be sold into an advocate for the patient.

A device as intimate to the patient as a smart phone, and as integral to patient care as the providers themselves.

To make such a shift, medical devices should adjust how they view themselves first and foremost. Steve Jobs revolutionized the smart phone industry by emphasizing the intimate relationship between a person and their phone, seeing technology in terms of emotions rather than of hardware. He did not invent any new technology; he simply made existing technology intimate.

Medical device manufacturers must see themselves as intimate companions in the patient journey, walking alongside the patient, as an advocate, supporting as much as treating the patient.

Instead of devices monitoring blood sugar, we need devices that encourage patients to comply with a diabetic diet while monitoring blood sugar. Instead of devices that monitor urine output, we need devices that support patients during moments of acute kidney injuries.

The perception of the treatment matters as much as the treatment itself. And the engagement with the patient matters as much as the effectiveness of the treatment.

Medical device manufacturers successfully able to transform their devices into patient advocates provide key stakeholders – whether they are hospitals, healthcare insurance companies, or care providers – a point of engagement through which they – device manufacturers and stakeholders – can improve patient compliance together.

Compliance largely directed through changes in patient perception prompting behavioral changes in the patient.

Changes that optimize the treatment provided.

Changes that have always been the most important aspect of healthcare.

Changes we were abruptly reminded of during the pandemic.

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Daily Remedy

Dr. Jay K Joshi serves as the editor-in-chief of Daily Remedy. He is a serial entrepreneur and sought after thought-leader for matters related to healthcare innovation and medical jurisprudence. He has published articles on a variety of healthcare topics in both peer-reviewed journals and trade publications. His legal writings include amicus curiae briefs prepared for prominent federal healthcare cases.

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Videos

summary

An in-depth exploration of drug pricing, including key databases like NADAC, WAC, and ASP, and how they influence the pharmaceutical supply chain, policy, and patient advocacy. The episode also introduces MedPricer's innovative pricing intelligence platform, offering valuable insights for healthcare professionals, policymakers, and patients.

Chapters

00:00 Understanding Drug Pricing Dynamics
03:52 Exploring the Drug Pricing Database
10:07 Patient Advocacy and Drug Pricing
13:56 Market Intelligence in Drug Pricing
How NADAC, WAC, and ASP Shape Drug CostsDaily Remedy
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Policy Shift in Peptide Regulation

Clinical Reads

FDA Evaluation of Certain Bulk Drug Substances in Compounding: Clinical Interpretation

FDA Evaluation of Certain Bulk Drug Substances in Compounding: Clinical Interpretation

by Daily Remedy
April 19, 2026
0

Clinicians increasingly encounter patients using or requesting peptide-based therapies sourced through compounding pharmacies. The U.S. Food and Drug Administration has identified a subset of bulk drug substances, including certain peptides, that may present significant safety risks when used in compounded formulations. The clinical question is whether these regulatory signals reflect meaningful patient-level risk and how they should influence prescribing behavior. This matters because compounded peptides often sit outside traditional approval pathways, creating uncertainty around quality, dosing consistency, and safety. Understanding...

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