How to Create a Specialty Pharmacy Presence for Your Community Pharmacy

Monday, October 12, 2015, 8:00 a.m. - 9:30 a.m.
Gaylord National Resort and Convention Center
Continuing Education Credits: 0.15 (1.5 Contact Hours)
ACPE #: 207-000-15-118-L04-P and ACPE #: 207-000-15-118-L04-T

Specialty is the fastest growing segment of the pharmacy industry. More than 40 percent of the drugs currently under development are specialty drugs, 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, and 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.

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, this session will bring you the insights of pharmacy peers on how they are building or partnering to gain specialty capabilities.

Pharmacist and Pharmacy Technician Learning Objectives:

  1. Discuss the specialty marketplace, how independent pharmacy fits into the marketplace, and what capabilities are required to participate.

  2. Identify barriers to entry for an independent pharmacy looking into specialty pharmacy.

  3. Discuss options available for independent pharmacies to obtain capabilities of a specialty pharmacy.

Speaker: Aaron Clark, PharmD, Blount Discount Pharmacy, Alcoa, Tennessee; Frank Steed, RPh, Gerould's Pharmacies, Inc., Elmira, New York; Jonathan Grice, PharmD, HomeTown Pharmacy, New Era, Michigan ; Kevin Day, PharmD, Executive Resident, NCPA, Alexandria, Virginia

Activity Type: Application-based
Audience: Pharmacists and Pharmacy Technicians