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The Rise of Specialty Pharmacy

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. 1. The Rise of Specialty Pharmacy Crystal Clear Rx 19753 East Pikes Peak Avenue, Suite G-103, Parker, CO 80138 (303) 955-7827
  2. 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. 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. 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

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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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