Drug Channels

APRIL 12, 2023

For 2022, pharmacy benefits managers (PBMs) and insurers expanded their dominance over specialty dispensing, though both hospitals and physician practices are growing their share of the market. As predicted last year, Walgreens’ specialty pharmacy business has collapsed, which led to a slightly less concentrated industry.

Specialty Pharmacies 98

Specialty Pharmacies Independent Pharmacies Hospitals 98

Drug Channels

SEPTEMBER 21, 2022

In 2022, specialty pharmacies—via white, brown, and clear bagging—now constitute a meaningful share of the distribution channels for provider-administered oncology drugs. However, buy-and-bill appears to have rebounded substantially at hospitals. Read on for full details and the latest data.

Hospitals 97

Hospitals Specialty Pharmacies 97

Proxsys Rx

JANUARY 24, 2025

Additionally, its estimated that in 2024 the average 340B hospital lost nearly $3 million to unlawful drug manufacturer pricing restrictions. The Big 3s inordinate market power has enabled them to control where prescriptions are filled, and by whom eroding prescriber and hospital clinical authority. And provider incomes.

Hospitals 52

Hospitals Specialty Pharmacies Independent Pharmacies 52

Drug Channels

AUGUST 18, 2020

Hospitals and health systems are building a major presence in the specialty pharmacy industry. As we demonstrate below, nine out of ten large hospitals now operate a specialty pharmacy. Hospitals and other healthcare providers account for one-third of all U.S. accredited specialty pharmacies.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals Drug Pricing 52

Drug Channels

APRIL 4, 2024

For updated data on hospital-owned specialty pharmacies, see Chapter 3 of DCI's new 2024 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers. As many of you know, hospitals and health systems have emerged as significant participants in the specialty pharmacy industry.

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Specialty Pharmacies Hospitals 52

STAT

APRIL 26, 2024

using its Accredo specialty pharmacy beginning in June , Reuters writes. While only 8% of hospitalized patients with Covid-19 had bacterial co-infections requiring antibiotics, some 75% of patients have been treated with antibiotics “just in case” they help. monthly list price of Humira.

Biosimilars 288

Biosimilars Specialty Pharmacies Hospitals 288

Drug Channels

MAY 17, 2022

Two weeks ago, Paula and I had the pleasure of attending Asembia’s 2022 Specialty Pharmacy Summit at the wonderful Wynn Las Vegas. I offer reflections on my keynote session with Scott Gottlieb, share my experiences during the featured session, and highlight three crucial specialty industry trends.

Specialty Pharmacies 98

Specialty Pharmacies Hospitals 98

Proxsys Rx

MAY 3, 2023

340B ESP and drug manufacturer restrictions are only part of the reason As we noted in a previous post , for 340B-eligible hospitals dealing with increasingly squeezed bottom lines, an in-house specialty pharmacy offers enormous savings and revenue potential. Novartis is sending a variation of the same letter to hospitals.

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Specialty Pharmacies Hospitals Documentation Labelling 52

Proxsys Rx

APRIL 4, 2024

Why a Specialty Pharmacy? Overview) As chronic illnesses become increasingly common in the United States, the number of specialty medications for managing these conditions has skyrocketed. Which is why, according to some online reports, nearly 80% of new drug introductions are now specialty medications. Better Incomes.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals Insurance Coverage and Processing Medication Dispensing 52

Drug Channels

MARCH 14, 2022

Asembia’s Specialty Pharmacy Summit 2022. Asembia's Specialty Pharmacy Summit 2022 is back! This is a must-attend event for anyone connected to specialty pharmacy. Plus, Doug Long from IQVIA and I will again lead the Featured Session, titled The Specialty Pharmacy Industry Update and Outlook.

Specialty Pharmacies 74

Specialty Pharmacies Pharmaceutical Manufacturing Hospitals 74

Proxsys Rx

AUGUST 22, 2023

Why a Specialty Pharmacy? Overview) As chronic illnesses become increasingly common in the United States, the number of specialty medications for managing these conditions has skyrocketed. Which is why, according to some online reports, nearly 80% of new drug introductions are now specialty medications. Better Incomes.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals Insurance Coverage and Processing Medication Dispensing 52

Proxsys Rx

OCTOBER 13, 2023

ProxsysRx recently gathered three of its corporate executives for an in-depth discussion of how an eligible health system can optimize revenues from its 340B program and its retail pharmacy, to help build and fund an onsite specialty pharmacy. For instance, is it helpful for a provider to know their specialty pharmacist?

Specialty Pharmacies 52

Specialty Pharmacies Hospitals Communication Packaging 52

The Happy PharmD

OCTOBER 18, 2024

In the world of pharmacy, the realm of specialty pharmacy stands as a beacon of opportunity and challenge alike. Specialty pharmacists handle a diverse array of medications, spanning more than 40 disease states and encompassing over 400 specialized medicines. Flexibility in specialty pharmacy varies by employer and role.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals 52

Proxsys Rx

SEPTEMBER 12, 2022

For 340B-eligible hospitals dealing with increasingly tight bottom lines (which essentially means all 340B-eligible hospitals), an in-house specialty pharmacy offers enormous savings and revenue potential. What is a Specialty Pharmacy?

Specialty Pharmacies 52

Specialty Pharmacies Hospitals 52

Proxsys Rx

MARCH 28, 2024

ProxsysRx recently gathered three of its corporate executives for an in-depth discussion of how an eligible health system can optimize revenues from its 340B program and its retail pharmacy, to help build and fund an onsite specialty pharmacy. For instance, is it helpful for a provider to know their specialty pharmacist?

Specialty Pharmacies 40

Specialty Pharmacies Hospitals Communication Packaging 40

Drug Channels

MAY 18, 2021

specialty pharmacies. As you will note below, the specialty pharmacy industry remains quite diverse— despite the concentration of dispensing revenues within a small number of companies. It’s time for Drug Channels Institute’s annual update of the number of U.S. Fortunately, I had outstanding research assistance.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals 52

Drug Channels

NOVEMBER 23, 2021

In this issue: The State of Specialty Pharmacy 2021 How health plans profit—and patients lose—from insulin A fantastic new analysis of the gross-to-net bubble Reconsidering Amazon P.S. Please join the nearly 13,000 consumers of my daily commentary and links to neat stuff at @DrugChannels on Twitter. Happy Thanksgiving, everyone!

Specialty Pharmacies 75

Specialty Pharmacies Drug Pricing Biosimilars Hospitals 75

Drug Channels

JUNE 18, 2024

However, Walgreens disclosed that it also generates about $16 billion in specialty revenues from its retail pharmacies and nearly 300 community-based specialty pharmacy locations. See Walgreens Launches Gene and Cell Services as Part of Newly Integrated Walgreens Specialty Pharmacy Business.

Specialty Pharmacies 52

Specialty Pharmacies Drug Pricing Hospitals 52

Drug Channels

SEPTEMBER 23, 2020

Will COVID-19 trigger long-term share gains for specialty pharmacies as suppliers to hospitals and physician offices? Before the pandemic, specialty pharmacies—via white, brown, and clear bagging—had already displaced buy-and-bill distribution channels for a substantial chunk of provider-administered specialty drugs.

Specialty Pharmacies 52

Specialty Pharmacies Physician Offices Hospitals 52

Proxsys Rx

DECEMBER 22, 2023

Why a Specialty Pharmacy? Overview) As chronic illnesses become increasingly common in the United States, the number of specialty medications for managing these conditions has skyrocketed. Which is why, according to some online reports, nearly 80% of new drug introductions are now specialty medications. Better Incomes.

Specialty Pharmacies 40

Specialty Pharmacies Hospitals Insurance Coverage and Processing Medication Dispensing 40

Drug Channels

NOVEMBER 23, 2021

In this issue: The State of Specialty Pharmacy 2021 How health plans profit—and patients lose—from insulin A fantastic new analysis of the gross-to-net bubble CVS acknowledges how its PBM profits from 340B Reconsidering Amazon P.S. Please join the nearly 13,000 consumers of my daily commentary and links to neat stuff at @DrugChannels on Twitter.

Specialty Pharmacies 75

Specialty Pharmacies Drug Pricing Biosimilars Hospitals 75

Drug Channels

JULY 21, 2020

Below, we update our exclusive analysis of the biggest specialty pharmacies within 340B. The four largest specialty pharmacies are owned by CVS Health, Cigna’s Express Scripts business, UnitedHealth Group’s OptumRx business, and Walgreens Boots Alliance/Prime Therapeutics.

Specialty Pharmacies 52

Specialty Pharmacies Drug Pricing Documentation Hospitals 52

Drug Channels

DECEMBER 18, 2020

Will COVID-19 trigger long-term share gains for specialty pharmacies as suppliers to hospitals and physician offices? Before the pandemic, specialty pharmacies—via white, brown, and clear bagging—had already displaced buy-and-bill distribution channels for a substantial chunk of provider-administered specialty drugs.

Specialty Pharmacies 52

Specialty Pharmacies Physician Offices Hospitals 52

Drug Channels

NOVEMBER 22, 2021

In this issue: The State of Specialty Pharmacy 2021 How health plans profit—and patients lose—from insulin A fantastic new analysis of the gross-to-net bubble CVS acknowledges how its PBM profits from 340B Reconsidering Amazon Plus, the FDA preps you for Thursday with a regulatory soup review. Happy Thanksgiving, everyone!

Specialty Pharmacies 75

Specialty Pharmacies Drug Pricing Biosimilars Hospitals 75

Drug Channels

JUNE 7, 2021

National Association of Specialty Pharmacy (NASP) 2021 Annual Meeting & Expo. The National Association of Specialty Pharmacy (NASP) returns to Washington, D.C. on September 27-30 for the National Association of Specialty Pharmacy (NASP) 2021 Annual Meeting & Expo.

Specialty Pharmacies 52

Specialty Pharmacies Pharmacy Technician Hospitals 52

The Honest Apothecary

APRIL 20, 2023

.” Reminds of the classic book by Fred Lee, If Disney Ran Your Hospital. ” Specialty Pharmacy vs. Physician Buy-and-Bill “The study found that drugs were less costly for patients when payers leveraged a specialty pharmacy.”

Specialty Pharmacies 98

Specialty Pharmacies Hospitals 98

Drug Channels

SEPTEMBER 9, 2020

In May, I recorded a brief video webinar for an on-demand business education session at Asembia's 2020 Specialty Pharmacy Summit Virtual Experience. You can watch the full video below.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals 52

Drug Channels

MAY 30, 2022

Let’s turn up the heat with these sizzling news bites straight from the Drug Channels grill: SaveonSP gets sued Thoughts on the Medicaid accumulator rule opinion CVS buys AmerisourceBergen’s specialty pharmacy Fresh data on hospitals’ cancer drug profiteering Plus, Dr. Glaucomflecken explains Aetna’s prior authorization policies.

Specialty Pharmacies 97

Specialty Pharmacies Hospitals 97

Drug Channels

JUNE 12, 2024

Drug Channels Institute’s exclusive analysis of the 2024 market reveals that: About 33,000 pharmacy locations—more than half of the entire U.S. pharmacy industry—act as contract pharmacies for the hospitals and federal grantees that participate in the 340B program.

Hospitals 52

Hospitals Specialty Pharmacies Drug Pricing 52

Drug Channels

JULY 23, 2020

The stunning growth of specialty pharmacies in the 340B Drug Pricing Program has accelerated a troubling trend: Patients covered by commercial insurance and Medicare Part D are footing the bill for 340B savings. Our indisputable math exposes the little-understood economics behind specialty pharmacies in the 340B program.

Hospitals 52

Hospitals Specialty Pharmacies Drug Pricing 52

Drug Channels

MARCH 25, 2024

Along with sunshine and fine weather, the vernal equinox has ushered in a crop of new and noteworthy stories: What the CarelonRx/Kroger specialty pharmacy deal means for CVS Health Provider-owned specialty pharmacies expand in Medicare Payers are not keen on shady alternative funding programs (AFP) Hospitals’ association spreads 340B misinformation (..)

Specialty Pharmacies 75

Specialty Pharmacies Hospitals 75

Drug Channels

OCTOBER 2, 2024

Drug Channels Institute’s exclusive analysis of the 2024 market reveals that: About 33,000 pharmacy locations—more than half of the entire U.S. pharmacy industry—act as contract pharmacies for the hospitals and federal grantees that participate in the 340B program.

Hospitals 52

Hospitals Specialty Pharmacies Drug Pricing 52

The Honest Apothecary

MAY 3, 2023

Erik Musiek, a Washington University neurologist at Barnes-Jewish Hospital, said the efficacy looks as good or better than lecanemab.”The Adam Fein speaks at Asembia The Drug Channels guru of all things related to the pharmaceutical supply chain, Adam Fein, opines on the future of specialty pharmacy at Asembia.

Specialty Pharmacies 105

Specialty Pharmacies Hospitals 105

Proxsys Rx

OCTOBER 25, 2024

For more information on any aspect of developing & managing a successful 340B program AND/OR retail and specialty pharmacies, contact: HOWARD HALL C: 214.808.2700 | howard.hall@proxsysrx.com FULL POST According to a graphic published on its website, in 2023 Johnson & Johnson provided $42.8

Specialty Pharmacies 52

Specialty Pharmacies Hospitals Drug Pricing 52

Proxsys Rx

AUGUST 7, 2024

Far too many 340B hospitals overlook pharmacy’s overall potential in their health systems’ revenue cycles. Below is a graphic overview of ProxsysRx’s integrated approach to optimizing a health system’s pharmacy services, savings and revenue. In our experience, that never works, and it never will.

Specialty Pharmacies 52

Specialty Pharmacies Hospitals 52

Drug Channels

MAY 9, 2023

Last week, Paula and I had the pleasure of attending Asembia’s 2023 Specialty Pharmacy Summit at the wonderful Wynn Las Vegas. I offer reflections on my keynote session with Seema Verma, share my experiences during the featured session, and highlight some crucial specialty industry trends.

Specialty Pharmacies 98

Specialty Pharmacies Hospitals 98

Proxsys Rx

MAY 16, 2024

The United States Congress established the 340B statute in 1992 to help non-profit hospitals fill-in the often-backbreaking revenue gaps inherent to their business models — enabling covered entities to replenish eligible prescriptions at significant savings. That means a 340B hospital paying a 12.5%

Specialty Pharmacies 52

Specialty Pharmacies Hospitals Prescription Filling 52