Improving Patient Prescription Access and Adherence Journeys

Today’s guest post comes from Bill Nolan, VP/GM of McKesson Specialty Health. Bill discusses ExpressCoverage™, a solution from McKesson and CoverMyMeds®. It offers new ways for McKesson’s Patient Support Services to electronically access and efficiently communicate with a vast network of physicians, payers, and pharmacies. Bill highlights how this tool improves the specialty patient’s access and adherence to therapy. To learn more, download the free document ExpressCoverage™: Revolutionizing Patient Drug Access For Pharmaceutical Companies. Read on for Bill’s insights. Read more » Copyright © 2006-2018 Pembroke Consulting, Inc. and Copyright © 2006-2018 Drug Channels. This Feed is for personal non-commercial … Continue reading Improving Patient Prescription Access and Adherence Journeys

Why Retail Pharmacies Still Overcharge Uninsured Patients—And What That Means for Amazon

Consumer Reports recently published a fascinating survey of pharmacies’ cash prices for five common generic drug prescriptions. The results were startling. Prescription prices ranged from $66 to $1,351—a nearly 2,000% difference. The big three retail drugstore chains—CVS, Walgreens, and Rite Aid—consistently had higher average prices compared with those of other pharmacies. Independent pharmacies had some of the lowest prices, but also some of the highest prices. Our analysis of prescription profits highlights the pharmacy industry’s unfortunate pricing strategy for cash-pay prescriptions. Average profit margins ranged from $8 to $264 per prescription for the five drugs. We can only hope that … Continue reading Why Retail Pharmacies Still Overcharge Uninsured Patients—And What That Means for Amazon

McKesson Leads Another Round of PSAO Consolidation

Last week, McKesson announced the formation of Health Mart Atlas (HMA), a joint venture between McKesson’s Access Health business and American Pharmacy Network Solutions (APNS). Click here to read the press release. The combination extends McKesson’s position as the largest pharmacy services administrative organization (PSAO). PSAOs are the awkwardly named intermediaries that operate between smaller pharmacies and pharmacy benefit managers (PBMs), per our U.S. Distribution and Reimbursement System flowchart. When the Arete Pharmacy Network was formed, in 2016, I predicted that the fragmented PSAO sector would begin a long-overdue consolidation. Given the PBM titans now sitting atop Mt. Olympus, the … Continue reading McKesson Leads Another Round of PSAO Consolidation

CBI’s 4th GPO Membership Eligibility & Class of Trade Maintenance

4th GPO Membership Eligibility & Class of Trade Maintenance June 19-20, 2018 | Philadelphia, PA www.cbinet.com/gpo Assembling over 100 industry professionals representing manufacturers, GPOs, wholesalers, distributors, and solution providers, CBI’s 4th GPO Membership Eligibility & Class of Trade Maintenance conference provides a rare, interactive forum on membership data management, class of trade, and workflow efficiency. Join your colleagues this June to learn strategies and insights from peers and industry stakeholders, and acquire the ability to overcome significant operational challenges related to proper management of GPO membership data. For additional information on session topics and speaking faculty, download the agenda here. … Continue reading CBI’s 4th GPO Membership Eligibility & Class of Trade Maintenance

The Rants – Marketing Buzz and ..

I was enjoying my day. The sea of Cortez appeared to sparkle as boats moved across her calmness. Then, it happened.  A hurricane? No.  A cruise ship allowing their customers to hurl bottles into the sea? No.  A press release from an LMS vendor that stated something not so accurate, but accurate enough. I admit I am hedging here trying the best way to say “yes, while parts of it is true, other parts are misleading,” because, it gives an impression of something – that anyone would think it. Course Marketplace as “System includes and or offers content” This is … Continue reading The Rants – Marketing Buzz and ..

Copay Accumulator Programs: TrialCard Measures the Impact on Patients and Pharmaceutical Manufacturers

Today’s guest post comes from Mark Bouck, President and CEO of TrialCard. Mark reviews copay accumulator adjustment programs and shares some of TrialCard’s unique data about these programs. He also discusses TrialCard’s proprietary methodology for identifying patients affected by this benefit design. This topic is crucial for 2018 (per my own article from January), so I encourage you to review his commentary. To learn more about TrialCard’s approach to copay accumulator programs, download the free e-book The Rise of Co-Pay Accumulator Programs: Are Your Brand’s Patients at Risk? To learn more about TrialCard’s solutions for accumulators, email Mark Droke, TrialCard’s Senior … Continue reading Copay Accumulator Programs: TrialCard Measures the Impact on Patients and Pharmaceutical Manufacturers

EXCLUSIVE: A Record Number of Specialty Pharmacies Now Have Accreditation

It’s time for Drug Channels Institute’s annual update on the accreditation of specialty pharmacies. Our spooky research team (pictured at right) is back! We have counted every pharmacy location that has achieved accreditation by an independent organization. Our exclusive findings: The number of specialty pharmacies with accreditation expanded again in 2017. We identified 729 unique pharmacy locations that by the end of 2017 had achieved accreditation from the three major independent accreditation organizations. The 2017 figure is almost double the 2015 figure. For the second consecutive year, pharmacy locations owned by healthcare providers—such as hospitals, health systems, physician practices, and … Continue reading EXCLUSIVE: A Record Number of Specialty Pharmacies Now Have Accreditation