Specialty pharmacies have been on the rise. Demand is high, and people with complex conditions can do with a little bit of convenience in procuring their medicine.
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The Rise of Specialty Pharmacy
1. The Rise of Specialty
Pharmacy
Crystal Clear Rx
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Avenue,
Suite G-103,
Parker, CO 80138
(303) 955-7827
2. The Rise of Specialty Pharmacy
People with flu, colds and other everyday diseases can go to any pharmacy and buy
medicine. They even have the choice to go to stores authorized to sell common
prescription. As for people afflicted with serious diseases, not everyone carries their
medications. Aside from being expensive, specialty drugs are not available for everyone to
sell.
Thus, specialty pharmacies have been on the rise. Demand is high, and people with
complex conditions can do with a little bit of convenience in procuring their medicine. It’s
also undeniable that a specialty pharmacy earns a lot, with $500 per drug and $100,000 per
year each patient.
Marriage of Pharmacies and ACOs
ACOs won’t shift the landscape of
the pharmaceutical industries, but they
will help pharmacies comply with the
Affordable Care Act (ACA). The ACA
essentially birthed ACOs, with the goal of
reducing costs and improving patient
service.
They aim to combine with specialty
pharmacies, which already have a history
of specialized care. Though ACOs would
mainly focus on efficiency and general
quality metrics, they should still improve
pharmaceutical access on some level.
3. Accessing Obamacare’s Benefits
The ACA’s primary duty is to make access to medical needs easier. Thus, more people
are starting to rely on Obamacare, amounting to 32 million people. Manufacturers start to
circle in the growing specialty market, which makes for half of the entire pharmaceutical
pipeline. Of the 27 new drugs approved by the FDA last year, 15 are specialty medications,
statistically showing the increased demand for specialty drugs.
A More Patient-Centered Healthcare
At first glance, specialty pharmacies look like money trains built for profit. The
partnership, however, will focus on total patient service rather than mere providers of
medicine. Furthermore, they will start to fit the medical care suited to the patients’ needs.
The rise of specialty pharmacies is already a subject for students to study at school. As
such, they would learn about a big part of the industry, helping them adjust to the tasks.
While retail pharmacies are still present, specialty providers have a niche customer base that
needs what they offer.
4. On the other hand, specialty pharmacies will have one big advantage: their focus
on better customer care. They have that to work on and in turn, the whole spectrum of
healthcare will work for everyone’s recovery.
SOURCES:
http://crystalclearrx.com/
http://drugtopics.modernmedicine.com/drug-topics/content/tags/hospital-
pharmacy/pathways-specialty-pharmacy?page=full
https://www.imshealth.com/imshealth/Global/Content/Corporate/Press%20Roo
m/IMS_Health_in_the_News/PharmaVOICE_2_2014_SpecialtyDrugs.PDF
http://www.pharmacytimes.com/publications/career/2014/pharmacycareers_no
vember2014/specialty-pharmacy-what-pharmacy-students-should-know