Why Specialty Pharmacy – Why Now?

Learn about the value of specialty pharmacy in this episode featuring the VP of Industry Affairs at Clearway Health, Mo Kharbat. Mo shares insights on why specialty pharmacy is an important service to patients, how to build a comprehensive specialty pharmacy program, best practices for improving specialty drug access, and more. This episode is sponsored by Clearway Health

Summary

The Value of Specialty Pharmacy: Insights from Mo Kharbat, VP of Industry Affairs at Clearway Health

Sponsorship by Clearway Health

In this episode, Mo Kharbat, the Vice President of Industry Affairs at Clearway Health, shares insights on the importance of specialty pharmacy services for patients and how to build a comprehensive specialty pharmacy program. With advances in science and medicine, specialty pharmacy has become an emerging field in healthcare, with over 50% of all dollars spent on medications in the United States going to specialty pharmacy products.

The Need for Expertise in Specialty Pharmacy Services

To deliver safe and effective specialty pharmacy services, health systems need expertise to meet the criteria set by health plans and pharmacy benefit managers (PBMs). Clearway Health helps health systems build and operate specialty pharmacy programs, enabling them to obtain limited distribution drugs and meet critical criteria outlined by health plans and PBMs. These services result in a positive contribution margin for health systems.

The Importance of Financial Margin in Specialty Pharmacy Services

In addition to delivering safe and effective services, building a successful specialty pharmacy program involves achieving a financial margin that can be beneficial to help health systems prosper. Clearway Health provides guidance on best practices for improving specialty drug access, and helps health systems obtain limited distribution drugs to improve their financial margins.

Final Thoughts on Specialty Pharmacy Services

Specialty pharmacy services are an important aspect of healthcare today, providing patients with access to critical medications and helping health systems achieve a positive financial margin. With expertise from Clearway Health, health systems can build and operate comprehensive specialty pharmacy programs that meet the criteria set by health plans and PBMs, and deliver safe and effective services to patients.

 

Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com

 

This episode aired on 01/09/2023 and can be listened here.

 

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