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The top three PBM-owned specialtypharmacies accounted for nearly two-thirds of prescription revenues from pharmacy-dispensed specialty drugs. As predicted last year, Walgreens’ specialtypharmacy business has collapsed, which led to a slightly less concentrated industry.
They also control the formularies for high-cost specialty drugs, often steering patients toward specific drugs and/or pharmacies that maximize their profits rather than focusing on cost-effectiveness or, worse still, patients best interests. Lining their own pockets, while everyone else suffers. Take it or leave it? Not anymore.
Pick a pharmacy mismatched to your hospital’s dispensing patterns, and you could easily end-up spending more in fees for them than they generate for you in 340B savings. Pharmacy fee structures can vary wildly. Negotiated pricing for specialty drugs Fees from specialtypharmacies also vary for 340B prescriptions.
.” The opportunities to take advantage of your competitors, evade reasonable regulation, and exploit anyone not inside your system are far too numerous and pervasive to continue to allow United Healthcare and OptumRx to own Optum SpecialtyPharmacy and Optum Physicians Group, or to allow CVS/Caremark and Aetna to own CVS/Pharmacy.
In this issue: Payers confess: Patients lose from copay accumulators Humana joins the Express Scripts GPO Hospitals vs. PBMs over specialtypharmacy white bagging Let’s all follow the Buy-and-Bill Dollar! Plus, entrepreneurial pharmacy owner Dave Marley demonstrates the power of innovation. Sometimes, the little guy wins big.
Pick a pharmacy mismatched to your hospital’s dispensing patterns, and you could easily end-up spending more in fees for them than they generate for you in 340B savings. Pharmacy fee structures, and your resulting 340B contract pharmacy revenue, can vary wildly. Most specialtypharmacies are owned and operated by PBMs.
In his comment, he claimed that the number of independentpharmacies has grown over the past 10 years, and the PBM market is plenty competitive because there are over 70 PBMs! ” I think that getting involved in fights over whose method to count pharmacies is better is silly and pointless. Here’s why.
The NCPA Digest reports that the GDR for independentpharmacies was only 86% for 2020.” ” Including compounds with brands will understate the GDR, with generics will overstate the GDR, and excluding compounds will deflate the volume of the pharmacy, increasing the calculated cost of dispensing.
Key Medicare tools to safeguard against pharmacy fraud and inappropriate billing do not apply to Part D. NHC comments to the FTC on PBM business practices and the impact on independentpharmacies and consumers. Pharmacy benefit managers: transparency, accountability, and impact on patient care. Blendon, R., Casalino, L.,
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