Patent ID: 8504383

Claim:
A method comprising: determining, on a processor, a number of generic prescriptions dispensed from claims data; determining, on the processor, a number of brand name prescription drugs dispensed with a generic equivalent from the claims data, the generic equivalent of a brand name prescription drug being a drug produced after expiration of a patent on the brand name prescription drug that includes the same active ingredients as the prescription drug but is sold under a different brand name through a different manufacturer than the manufacturer of the band name prescription drug; determining, on the processor, a number of brand name prescription drugs dispensed with a generic alternative from the claims data, the generic alternative used to treat a same condition as the brand name prescription drug but including different chemicals than those included in the brand name prescription drug; calculating, on the processor, a ratio of the number of generic prescriptions dispensed to a combination of the number of generic prescriptions dispensed, the number of brand name prescription drugs with a generic equivalent, and the number of brand name prescription drugs dispensed with a generic alternative; determining, on the processor, a total dollar spent on prescription claims for generic prescriptions dispensed and brand prescriptions dispensed included among the claims data; applying, on the processor, the calculated ratio to the total dollar spent to generate a generic equivalent portion from the total dollar spent; and determining a potential amount of savings associated with generic drug usage based on the claims data and generation of the generic equivalent portion.