Specialty Pharmacy: Keeping Your Patients, Growing Your Business
Sponsored by: Aureus Health Services, CPPA, Diplomat, PioneerRx, Smart-Fill, TeleManager Technologies, The Compliance Team, and Thrifty White
(Separate fee applies)
Saturday, Oct. 15
1:30 – 5:30 p.m.
Get up to speed on developments in the specialty pharmacy marketplace and how they affect your business. Set appropriate goals for your pharmacy's involvement in the specialty market and lay out the steps to achieve them, and make connections with companies that can help you continue to care for your patients on specialty medications and meet your pharmacy's goals.
General Description, Overview, and Opportunity
Specialty is the fastest growing segment of the pharmacy industry. More than 40 percent of the drugs currently under development are specialty drugs, according to the National Center for Policy Analysis. The drug pipeline is enormous and being led by more than 3,000 oncology and immunology drugs in global development. Although specialty medications account for less than 1 percent of prescriptions dispensed, they account for almost 28 percent of total pharmacy spending in the United States, according to the 2013 Express Scripts Drug Trend Report. This trend is expected to increase significantly over the next several years with the specialty portion of the pharmacy spend expected to catch, and the pass the traditional pharmacy spend by 2018, according to the CVS Caremark Insights 2013 Report.
To date, a relatively small number of independent community pharmacies have entered into the specialty arena, in part due to a number of barriers and logistical complexities. Clearly, pharmacy entrepreneurs interested in specialty pharmacy have business considerations to evaluate before reaching the point of seeking payer contracts or specialty pharmacy accreditation.
In June 2015, NCPA hosted a Specialty Forum to discuss the changing landscape of specialty pharmacy.
Forum Coverage and Highlights