Greater efficiency and better results are no longer a competitive advantage, but are now a necessity in today’s complex, competitive and challenging healthcare environment. Through interactive discussions, robust panels, breakout sessions and in-depth presentations, CBI’s Rx Samples Management and Logistics Summit arms you with the tools and roadmaps you need to eliminate the gap in your brand’s sphere of influence.
At this year’s conference, delve into strategies for effectively connecting with HCP, NP and PA stakeholders while optimizing sample data collection and reporting processes to ensure greater efficiencies. Take advantage of this unique platform that provides you with actionable information on sample compliance, data and reporting while connecting you with leaders in the industry for solution-oriented and collaborative discussion.
Our spidey sense tells us that Walgreens Boots Alliance (WBA) has been one busy company lately. As expected, WBA has increased its ownership stake in AmerisourceBergen to about 15%. A second seat on ABC's board is not far away.
Somewhat less expected: WBA has stepped into the parlor of UnitedHealth Group’s OptumRx PBM and become its preferred pharmacy partner.
Below, I provide some commentary to help you untangle these deals and figure out what they mean for the drug channels web.
Last week, Express Scripts released its new 2015 Drug Trend Report. Click here to download the complete report. (Free download.) You should also read the press release, which offers additional information that is inexplicably excluded from the full report.
For the first time, the Express Scripts data account for rebates—a meaningful and welcome improvement in reporting methodology. After accounting for rebates, the 2015 report reveals that drug spending growth is comparable to growth in other parts of the healthcare system. For some payers, utilization (script growth) was a bigger driver of spending than drug prices.
So much for the myth of exploding drug costs! Our politicians may not believe it, but Martin Shkreli et al. are the exception in the pharmaceutical industry. Below, I review the four key highlights about traditional and specialty drug spending, trend patterns for different payers, and a red flag from upcoming biosimilar launches.
Plus, diving into the numbers is more fun than contemplating the Anthem-Express Scripts kerfuffle and the meaning of such ill-defined terms as "competitive benchmark pricing."
The healthcare industry is clamoring for a more standardized and primarily automated approach to coverage determination and patient access, including systems integration and streamlined communication across different channels.
CBI’s Electronic Benefit Verification & Information Exchange Summit convenes manufacturers, health plans, PBMs, pharmacies and prescribers to focus on the steps needed to exchange data in an accurate and streamlined manner to ultimately ensure timely patient access to prescriptions. The major areas of focus include advancements in benefit verification and ePrior authorization, as well as other forms of electronic messaging/communications like prescription drug monitoring programs and electronic prescribing of controlled substances.
Gain critical insights on key developments:
Systems integration and connectivity | Real-time benefit verification (RTBV) | ePrior authorization (ePA) adoption | Formulary visibility | Interoperability requirements | EHR systems | Clinical decision-making | Standards development | Prescription drug monitoring programs | Prescriber workflow | Medical vs. pharmacy benefit | Specialty automation
In an amazing display of bureaucratic hubris, the Centers for Medicare & Medicaid Services (CMS) has proposed a mandatory, real-world experiment with provider reimbursement under the Medicare Part B program. Click here to read the summary. You can read the details in this Federal Register notice.
As I explain in more detail below, CMS wants to reduce reimbursement for buy-and-bill drugs—but for only half of the country's providers. The other half will retain current reimbursement levels. After five years, CMS will see what happened.
Some potentially good ideas are buried in this mess. But the proposal so overreaches that it will face enormous opposition and has little chance of being implemented.
Even if CMS can get the first part of its proposal off the ground, I doubt that CMS will be able to draw any meaningful conclusions from it. Marketplace realities will undermine the integrity of this massive and unprecedented experiment on patients and providers.
Read on for my summary of CMS’s proposed Part B Drug Payment Model and the glaring methodological flaw that could end up raising drug costs. There will be no gold at the end of this rainbow.
With the monumental task of implementation following the release of CMS’ Final Rule on Covered Outpatient drugs, there is no better time to register for CBI’s Medicaid and Government Pricing Congress, May 18-20, 2016 in Orlando, FL!
The complete agenda is now available and features compelling content, interactive discussions and instrumental insights discussing the most pressing topics, including the Final AMP Rule, 340B GTN, VA and FSS, invoice processing, contract compliance and much more. Benefit from the opportunity to network, learn and benchmark during this pivotal time to align thinking on complex issues and effectively prepare your organization for the impending post-implementation filings.
Cardinal Health just acquired RainTree Oncology Services, the largest independent group purchasing organization (GPO) for community oncology practices and clinics. Cardinal did not issue a press release because it was a small tuck-in acquisition. So, today's article counts as another Drug Channels exclusive.
The acquisition is another good move for Cardinal and its growing specialty distribution business. Since RainTree is a major player in oral oncology, the deal also features some of the same strategic motivations as McKesson’s acquisition of Biologics.
Read on to learn more about physician practice GPOs and Raintree’s tangled history with Express Scripts and AmerisourceBergen.
A useful proxy for the number of active specialty pharmacies comes from our exclusive analysis of the two primary pharmacy accreditation organizations. We found nearly 400 pharmacy locations than had specialty pharmacy accreditation. As the second chart below shows, the number of accredited specialty pharmacies is still booming.
Specialty pharmacy accreditation is becoming the promised land for pharmacies that want to participate in the networks developed by manufacturers and third-party payers. As more pharmacies can prove that they are special, will that mean that no one is?
Specialty drugs had another year of rapid growth. We estimate that in 2015, retail, mail, and specialty pharmacies dispensed about $98 billion in specialty pharmaceuticals. Below, you can pocket our exclusive list of the 10 largest pharmacies, ranked by estimated revenues from dispensing specialty pharmaceuticals.
Market share for dispensing specialty drugs remains highly concentrated. The top four companies—CVS Health, Express Scripts, Walgreens, and UnitedHealth Group’s OptumRx business—accounted for almost two-thirds of revenues from pharmacy-dispensed specialty drugs. Due to the CVS Health-Omnicare and OptumRx-Catamaran combinations, the top pharmacies’ market share was higher than it was in 2014.
Read on as we cue up our latest update on this booming market.
Michael Kolodziej, M.D., National Medical Director ofAetna
Steven Paulson, M.D., CEO of Texas Oncology
Jack Whelan, Cancer Warrior
Jennifer Hinkel, Partner atMcGivney Global Advisors
Much was discussed on establishing a definition for value, finding commonality in what factors play a role in determining price, as well as understanding the key factors in doctors’ and payers’ decision making processes.
The positive feedback was overwhelming, as one attendee states, “This seminar will raise questions throughout the entire country.”
I highlight four crucial ways in which 340B contract pharmacies are disrupting third-party payers’ strategies—whether or not payers realize what’s going on around them. To mitigate these challenges, I argue that managed care should become much more involved in discussions about how the 340B program should be reformed and modernized. Caveat payor!
Read on for the full abstract. Feel free to post comments below.
Independent pharmacy group American Associated Pharmacies (AAP) and drug wholesaler H.D. Smith are forming Arete Pharmacy Network, a joint venture that combines the organizations’ respective pharmacy services administrative organizations (PSAOs): H. D. Smith’s Third Party Network and AAP’s United Drugs. Click here to read the press release.
PSAOs are crucial but little-known intermediaries that operate between pharmacies and pharmacy benefit managers (PBMs) in our complex U.S. drug channel system. Arete Pharmacy Network is now the fourth-largest PSAO, just behind the PSAOs operated by the Big Three wholesalers. See below for our list of the top 11 PSAOs.
Our research on industry consolidation has highlighted the three key options for smaller players: Get Big, Get Focused, or Get Out. Expect this unexpected deal to trigger even more novel combinations. Read on what comes next.