Specialty medicines are by far the most expensive medicines in the US.
Medicines for diseases like cancer and rheumatoid arthritis fall under the category o specialty medicines that costs around $20,000+ a month.
Specialty drugs account for only 2% of drugs dispensed in the United States.
But they account for more than 50% of the drug spending.
The reason for the high cost of the drug often falls on the heads of the drug manufacturers.
But a huge role is played by the middlemen,
“Pharmacy Benefit Managers”
The Role of Pharmacy Benefit Managers in the Cost of Specialty Medicine
Pharmacy Benefit Managers act as a middleman between the pharmacies and the pharmacy drug suppliers.
They’re the bridge that helps in the smooth supply of specialty drugs.
They create pharmacy networks and a list of drugs along with negotiating rebates from the drugmakers.
The top PBMs have combined with the top ten health insurers in the US and are now part of the 15 largest corporations in the United States.
These PBMs are handling more than 80% of all the transactions related to prescriptions in the United States.
You should also explore: Comprehensive Software Solution for Specialty Medicine Handling
How Can You Save Costs When Ordering Specialty Medicines with Our Software Solution?
In the quest to mitigate the rising costs associated with specialty medicines, innovative software solutions have emerged.
These comprehensive pharmacy solutions offer a range of features designed to streamline operations and optimize cost savings.
Let’s explore some of the key features that our software solution provides.
Top 9 Features of Our Software Solution
Steps to Get Our Software Solution for Your Organization
1. Fill up the contact form
2. Our team will reach out to you within 2 business days
3. We will give you a demo of our powerful base
4. We will listen to your customization needs
5. Our team will customize the solution according to your requirements
6. We will perform a QA test and deliver the solution to you within 60 business days
