Is pharmacy a challenging area for your organization and population? Why is specialty pharmacy such a hot topic and what can you do about it?
There is no easy solution, but there are various strategies purchasers can consider to tackle one of health care’s highest-cost areas. Check out CPR’s work in this area.
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Cutting Costs: CHG Healthcare Carves Out Specialty Pharmacy
Back in 2016, benefits staff at CHG Healthcare found a charge for $174K in the monthly claims spend report. It wasn't a mistake; it was the actual price for a specialty drug being used to treat a rare medical condition. Forecasting further exorbitant costs without evidence of effectiveness, CHG Healthcare partnered with VIVIO Health Inc in 2017 to implement a specialty drug carve-out plan that covers both pharmacy and medical benefit drugs. Between 2017 and 2020, the program netted this progressive purchaser $4.4M in savings with their plan participants paying $0 for their speciality medications.$49.00 Buy -
How-to-Guide: Specialty Pharmacy- What Purchasers Need to Know
Learn what tactics are available for purchasers when implementing or expanding a specialty pharmacy management strategy.$199.00Type: How to GuideBuy