Boca Raton, FL (PRWEB) August 6, 2008
Here's one sign of an economic recession you probably haven't heard of: expect to see more receding hairlines and balding men.
Dr. Alan Bauman calls it the "Propecia Index" - as more consumers struggle with job loss and insecurity, rising costs and a bleak economic forecast, some are cutting back on less critical expenses - like Propecia, Rogaine and other elective medications. At his hair restoration clinic in Boca Raton, Fla., where he direct-dispenses roughly 100,000 tablets of FDA-approved Propecia annually to his patients, Dr. Bauman has seen more patients skipping their Propecia - over the last year, requests for refills were down 15-percent.
To help patients maintain a consistent standard of care during a tough economy, while waiting for Generic Propecia's expected availability in 2012, Dr. Bauman recently struck a deal with MasterPharm (http://www.masterpharm.com), a highly-regarded FDA-licensed and registered New York compounding pharmacy, to become the first doctor in the U.S. to custom-compound finasteride (the active ingredient in the drug Propecia) off premises as a less expensive, 'off-label' alternative for his patients.
Not a "Generic Propecia," the specially compounded, quality-controlled finasteride will:
- Cost about 30-percent less ($155/90 days) than Merck's Propecia (~$233 for the same amount)
- Allow for a customized dosage based on the patient's individual needs. This dosage could be lower or higher than Merck's standard 1mg dosage, according to Dr Bauman's prescriptions.
- In the future, compounded finasteride prescriptions may also contain other beneficial bioactive nutritionals or herbs depending on the patient's needs, potentially resulting in further cost-savings for Dr. Bauman's patients already on those treatments.
- "Off-label" compounded minoxidil (i.e., Rogaine) is also being prescribed by Dr. Bauman at customized/higher concentrations and with retinoic acid, which is believed to accelerate scalp absorption of the topical treatment.
About 60 years ago, more than half of all prescribed medications were compounded - today, that number is closer to 1-percent. But with strong economic pressures, a high demand for cosmetic treatments and the patient-benefits of custom dosing, Dr. Bauman thinks the trend will reverse--with more physicians working with compounding pharmacists to offer tailor-made prescriptions, customized for their patients' individual needs. In the few weeks since the Compounded Finasteride became available, Bauman patients have already realized a total cost savings of over $16,224.00. As of this month, over 70-percent of Dr. Bauman's Propecia patients have switched to compounded finasteride.
For more information about Dr. Bauman's compounded finasteride and minoxidil, off-label dutasteride (Avodart), or other cutting-edge hair loss treatments and procedures, visit the Website at http://www.baumanmedical.com.
About Dr. Bauman
Alan J. Bauman, M.D., founder of Bauman Medical Group in Boca Raton, Florida, is a top U.S. medical expert on hair loss and restoration for men and women, including eyelash, eyebrow and scalp transplants, and low level laser therapy. Known for his expertise in female hair loss, approximately 40-percent of Dr. Bauman's patients are women. Recommended by the American Hair Loss Association, Dr. Bauman is a Diplomate of the American Board of Hair Restoration Surgery and a featured lecturer at major medical conferences. Websites: http://www.baumanmedical.com and http://www.youtube.com/baumanmedical