💡Did you know that your plan's Specialty Dispensing Rate (SDR) can have a massive impact on pharmacy costs? Specialty meds make up a small percentage of prescriptions but can account for 50%+ of spending! Tracking and optimizing SDR isn't just good practice—it’s essential for balancing costs and care. For example, increasing SDR from 3% to 4% on a $10M plan could add $4.5M in costs! 😮 🎯 Stay ahead by understanding SDR and leveraging insights to make smarter decisions. Dive deeper into SDR and learn actionable strategies here. 👇 #PharmacyBenefits #SpecialtyDrugs #EmployeeBenefits #CostManagement #CPBS #PBIA #TransparentRx
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💡Did you know that your plan's Specialty Dispensing Rate (SDR) can have a massive impact on pharmacy costs? Specialty meds make up a small percentage of prescriptions but can account for 50%+ of spending! Tracking and optimizing SDR isn't just good practice—it’s essential for balancing costs and care. For example, increasing SDR from 3% to 4% on a $10M plan could add $4.5M in costs! 😮 🎯 Stay ahead by understanding SDR and leveraging insights to make smarter decisions. Dive deeper into SDR and learn actionable strategies here. 👇 #PharmacyBenefits #SpecialtyDrugs #EmployeeBenefits #CostManagement #CPBS #PBIA #TransparentRx
Specialty Dispensing Rate (SDR): Introducing a New Metric for Managing Pharmacy Benefits and Costs
https://transparentrx.com
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💡Did you know that your plan's Specialty Dispensing Rate (SDR) can have a massive impact on pharmacy costs? Specialty meds make up a small percentage of prescriptions but can account for 50%+ of spending! Tracking and optimizing SDR isn't just good practice—it’s essential for balancing costs and care. For example, increasing SDR from 3% to 4% on a $10M plan could add $4.5M in costs! 😮 🎯 Stay ahead by understanding SDR and leveraging insights to make smarter decisions. Dive deeper into SDR and learn actionable strategies here. 👇 #PharmacyBenefits #SpecialtyDrugs #EmployeeBenefits #CostManagement #CPBS #PBIA #TransparentRx
Specialty Dispensing Rate (SDR): Introducing a New Metric for Managing Pharmacy Benefits and Costs
https://transparentrx.com
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💡Did you know that your plan's Specialty Dispensing Rate (SDR) can have a massive impact on pharmacy costs? Specialty meds make up a small percentage of prescriptions but can account for 50%+ of spending! Tracking and optimizing SDR isn't just good practice—it’s essential for balancing costs and care. For example, increasing SDR from 3% to 4% on a $10M plan could add $4.5M in costs! 🎯 Stay ahead by understanding SDR and leveraging insights to make smarter decisions. Dive deeper into SDR and learn actionable strategies here. 👇 #PharmacyBenefits #SpecialtyDrugs #EmployeeBenefits #CostManagement #CPBS #PBIA #TransparentRx
Specialty Dispensing Rate (SDR): Introducing a New Metric for Managing Pharmacy Benefits and Costs
https://transparentrx.com
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A new pharmacy model from Optum Rx called Clear Trend Guarantee is seeking to increase transparency around drug costs for members. The pharmacy services arm of UnitedHealth Group's Optum, Optum Rx is promising that its price-centered offering will offer drug benefit plan sponsors greater predictability of pharmacy spend to help manage the total lowest net cost. Another model, Cost Made Clear, includes pass-through models that offer cost-plus pricing with lower ingredient costs. Clear Trend Guarantee is an alternative, guarantee-based pricing model that combines retail, home delivery, specialty drug and rebate components into one per-member guarantee.
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Doors are now open for our webinar at 12pm EST! If you can't make it today, make sure to register to get the webinar recording after. We will be discussing the rise in specialty medication costs and provide insights to help you navigate pharmacy spend and coverage for these medications. #PharmacyBenefits #SpecialtyDrugs #PBM #Truveris https://hubs.ly/Q02Bn4sy0
Webinar - Managing Specialty Spend in Pharmacy Contracts - Truveris
truveris.com
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If your healthcare system is exploring starting specialty pharmacy services, this episode explores all the details, including the historical background, advantages and future prospects of the specialty drug market.
Special Delivery: Impacts of Specialty Pharmacy | VerifiedRx
verifiedrx.podbean.com
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In our recent webinar, Managing Specialty Spend in Pharmacy Contracts, Truveris pharmacists and pharmacy contract experts explored why specialty medications are so expensive and reviewed actionable steps plan sponsors can take to control specialty spend. #PharmacyBenefits #SpecialtyDrugs #PBM #Truveris
Webinar - Managing Specialty Spend in Pharmacy Contracts - Truveris
truveris.com
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The Top 15 Specialty Pharmacies of 2023: Market Shares and Revenues at the Biggest PBMs, Health Plans, and Independents: Drug Channels Institute’s (DCI’s) latest analysis finds that participants in the specialty pharmacy market continue to get more diverse—although revenues remain highly concentrated. We have identified nearly 1,800 dispensing sites with specialty pharmacy accreditation—about 40% of which are owned by hospitals, physician practices, and other healthcare providers. Alas, specialty pharmacies owned by the three largest pharmacy benefit managers (PBMs) have the most brass in their pocket, as they accounted for two-thirds of prescription revenues from pharmacy-dispensed specialty drugs. Read on for DCI’s latest overview of the 2023 marketplace and revenues of the biggest market participants, along with key specialty pharmacy trends. Read more » © 2006-2024 HMP Omnimedia, LLC d/b/a Drug Channels Institute, an HMP Global Company. All rights reserved. This Feed is for personal non-commercial use only. #pbm #lifesciences #financial
The Top 15 Specialty Pharmacies of 2023: Market Shares and Revenues at the Biggest PBMs, Health Plans, and Independents
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