specialty pharmacy data

We have therefore used various methods and primary sources to estimate the data. You can use all this information to improve your therapy for patients who depend on it—and it all starts with the data that specialty pharmacies collect. Medicines in this field include everything from standard oral to infusions specialized biologic products. Those factors can be other drugs, social determinants of health, other medical conditions, unknown or unmitigated side effects, and time on therapy. Outlining clinical data standards would guide software vendors to develop solutions that allow the documentation, reporting, and exchange of clinical data consistently across the healthcare system. Several industry groups are identifying clinical data elements for common specialty pharmacy disease states, including hepatitis C, rheumatoid arthritis, and multiple sclerosis. Manufacturers could use clinical data to study post-market adverse drug events and patient-specific outcome variations in relation to genomic profiles, providing enhanced insight into research and development efforts. But as a catch-22, the high volume of data can become overwhelming if it’s not harnessed and organized. In this situation, data on hospitalizations and emergency department visits can be useful to your biopharma company. For more, see Chapter 3 of our new report, which provides a comprehensive analysis of the specialty pharmacy market and detailed profiles of the largest specialty pharmacies shown above. Being diagnosed with a complex disease can be overwhelming. Insights from your specialty pharmacy information. Each time a pharmacy touches your patient, that touch is a chance to collect an invaluable piece of data for your biopharma company. And he stressed the need to work with a pharmacy that has great data collection and reporting capabilities. You need data to tell you how things out of your control are influencing the efficacy of your drug in a new patient population. The ability to collect and aggregate data is essential for success in specialty pharmacy. This blog has been crossposted from an original article published in May 2017 in Specialty Pharmacy Times. We’re passionate about creating tools to improve health and delivering a delightfully unexpected experience for patients & providers in a world where their experience is usually an afterthought. Specialty Drugs Replace Traditional Drugs as Growth Drivers . Data is valuable currency to your biopharmaceutical company. This would provide a true solution for population health analytics and value-based reimbursement. NCPDP has a specialty pharmacy workgroup to discuss common interests and construct a consensus-driven data management strategy for specialty pharmacy. deliver comprehensive data that’s pulled directly from patients’ electronic health records. Data Aggregation Platform. Pharmacies use clinical assessments to guide their talks with patients, which is also one of the main ways they collect data. The EHR is already integrated into the health system. The data flags the causes of nonadherence and points you to a solution. Providers and vendors should work with SDOs and professional pharmacy associations represented by the Pharmacy HIT Collaborative to implement standards for interoperability and data exchange. As a trusted specialty pharmacy provider, we are focused on assisting patients, families and caregivers through the complex healthcare maze of … ©2016 Health Data & Management Solutions, Inc. This allows pharmacists to access existing information on patients, such as labs, current medications, and doctor visits. The Specialty Pharmacy Times Industry Guide is setting the standard on providing commercialization tools for both the industry and pharmacies in the area of specialty therapeutics. It could be pill fatigue, which pharmacies could relieve through counseling. How well does your drug treat the disease it was prescribed for? Your drug is out there in the real world. The level and complexity of the data that must be collected for the specialty pharmaceutical and patient goes well beyond the traditional transaction-based data required for typical chronic medications. Effective data aggregation is the key to building a comprehensive patient-level integrated specialty pharmacy dataset. Oftentimes, the incompleteness can make the data difficult to use. Today's specialty products require a litany of complex processes to create the optimal commercial strategy. Some specialty pharmacies build a program for data collection internally, others purchase a third-party platform, and still others configure the health system’s existing EHR to fit the pharmacy’s needs. Standard development organizations (SDOs), such as HL7 and NCPDP, have developed standards for documenting and exchanging electronic health information including Fast Healthcare Interoperability Resources (FHIR) and the SCRIPT standard. Here are four ways you can use this data for your benefit. Enjoy this post? Samm Anderegg, Pharm.D., MSCEO | DocStation. The most successful approach to data analytics is based on aligning a manufacturer’s specialty pharmacy data requirements with its business needs, therapy category and pharmacy capabilities. When do those side effects occur along a course of therapy? Specialty pharmaceuticals are more challenging to track and understand performance. This is especially important for high cost, resource-intensive specialty pharmacy industry. Pharmacies use clinical assessments to guide their talks with patients, which is also one of the main ways they collect data. By using these assessments, the pharmacies collect the same data points from each type of patient on each type of drug consistently over time. A specialty brand’s goals for diagnostic patient journey analytics and actionable insights are highly dependent on decisions made when drawing up specialty pharmacy provider (SPP) data contracts. High cost pharmaceutical products are dispensed by specialty pharmacies to treat complex and often rare disease states. Strengthen your drug’s therapeutic value. In a session presented by Pharmacy Times Continuing Education™ at the Asembia […] By Karen Tirozzi. The collaborative has developed a process to publish documentation codes in form value sets that align with standards for interoperability and data exchange for clinical pharmacy. The same process can also be leveraged for specialty pharmacy data. She has over 25 years of experience in nursing, focusing most of her career in oncology. As the providers most closely tied to this industry, the professional pharmacy community should take this opportunity to provide guidance to the federal government on strategy to standardize data for specialty pharmacy disease states and outcomes. IQVIA's patented patient de-identification process enables the ability to aggregate anonymous patient-level information and integrate data from multiple sources so you can make more informed decisions. Published Online: Wednesday, Jul 25, 2018. These pharmacists treat those with cancer, multiple sclerosis (MS), autoimmune diseases, and other chronic conditions. Specialty Pharmacy Data More Important Than Ever. Specialty pharmacy is a unique and complex sector of the health care industry. Let’s say the data tells you that patients stopped taking your drug because they have too many pills to take in one day or over a course of treatment. All communications via that telephone line are confidential and compliant with FCC confidentiality guidelines. DATA FIELDS The database, with 1,000+ pharmacy locations, updates its … Most importantly, this would be valuable to patients who would benefit from quality transparency, driving market competition, better quality, and lower cost health benefits, as well as faster-to-market, cutting edge treatments. These data are reported in many different formats, which produces a time and cost intensive scrubbing process to make it actionable. Quality organizations, such as the Pharmacy Quality Alliance (PQA), should expand quality measures for specialty pharmacy. In his blog post, my colleague Brandon Tom wrote about how your biopharma company can benefit from working with a specialty pharmacy. Technology is also making it possible for patients to electronically report their experiences and outcomes directly to specialty pharmacies. Many companies do not report prescription revenues from specialty drugs. Electronic patient-reported outcomes systems—or ePROs—let patients use their laptops, tablets, smartphones and even pill-bottle sensors to send in their data. In the past, implementation has been expedited thanks to federal mandates or financial incentive programs (e.g. Several industry groups are identifying clinical data elements for common specialty pharmacy disease states, including hepatitis C, rheumatoid arthritis, and multiple sclerosis. Tokenbased - matching supports the creation of a longitudinal record of a patient’s specialty prescriptions, regardless of where the drug was dispensed. In her role, she leads the clinical oversight committee, manages the development of care plans and clinical assessments, facilitates training for clinical and non-clinical team members and collaborates with the biopharma business development team on new therapy launches. MSA Healthcare Data Management's patented de-identification and integration processes help pharmaceutical manufacturers (pharmas) trying to obtain and understand Specialty Pharmacy Data see the big picture. Specialty Pharmacy Data Elements • New/Refill Prescription numbers • Profit margin per Rx (drug, payer, overall) • Broken down by therapeutic category • Patient numbers per drug, payer, prescriber • Pull out numbers from traditional business Accreditation Products are dispensed by CVS Specialty and certain services are only accessed by calling CVS Specialty directly. Click here if you can’t see the video below. We give providers up-to-date access to compare current drug prices, giving patients access to some of the more expensive brands and some of the hard to get covered generic medications. Specialty pharmacies collect clinical and financial data. Puerto Rico requires first-fill prescriptions to be transmitted directly to the dispensing specialty pharmacy. Specialty pharmacy evaluation and defining service-level agreements. And I think he’d also agree with me that data is just a lot of numbers unless your biopharma company knows what to do with it. With the Wellsky specialty pharmacy software, CareTend, save time, fulfill orders quicker, and maximize growth with real-time business intelligence tools.Built to manage compliance and the complex workflows unique to specialty pharmacies, our all-in-one solution helps your … Hospitals, clinics, and pharmacies could use the data to identify patients at highest risk and provide focused interventions, improving outcomes and benchmarking data to drive competition. There are no requirements that specifically target specialty pharmacy providers or specialty pharmacy vendors. When we replace manual work with an accurate, electronic workflow, patients get essential therapies sooner and specialty pharmacists have more time to do what matters most to them: help patients. Most importantly, the data collected by specialty pharmacies can improve the therapeutic value of your drug and lead to better outcomes for patients. But, with your therapy, fewer patients need hospital or emergency care, because it has fewer side effects. That’s value for payers. About DocStationDocStation is a technology company that connects payers and pharmacists to run value-based care models. Better adherence leads to better outcomes. The best way to gather this data is by partnering with a specialty pharmacy. To learn more about this upcoming release and how you can more easily understand the complicated market of specialty pharmacies, contact us and mention the Specialty Rx product. All these options bring advantages and challenges. In fact according to data published by the IQVIA, U.S. specialty pharmacy industry revenues jumped from 34.9 percent of the overall pharmacy industry in 2014, to 45.4 percent in 2018. A standardized approach to documenting, storing, reporting, and exchanging specialty data would provide great benefits to all stakeholders in this high cost marketplace. Depending on which forecasts you look at, the general consensus is that over the next few years specialty products will comprise 33-50% of all pharmacy benefit spending. Setting quality benchmarks incentivizes providers to optimize treatment regimens and strategies to achieve the best possible patient outcomes. A Specialty Pharmacy drug pricing app that streamlines and organizes drug pricing data. As technology evolves, data continue to be a key component of patient care in the specialty pharmacy (SP) landscape. Specialty Pharmacy Solutions for Patients and Caregivers. Monitoring incoming patient status updates for data quality issues helps your SP Account Management team to implement weekly/monthly processes to review trends and hold SPs accountable to contractual obligations. Specialty Pharmacy Is Different. Ann Steagall is Director of Clinical Policy at Biologics. Quality measures allow payers and providers to quantify performance to set quality standards for the industry. Click here to contact the team at DocStation. Introducing Specialty Data Rx. MedicoRx® Specialty Pharmacy is licensed in the state of California. Maybe the efficacy of your drug peaks after a certain amount of time. With specialty pharmacy analytics, organizations can: Track specialty drug trends year-over-year to support forecast models and understand the financial impacts of specialty pharmacy needs within specific populations. In-store pick up is currently not available in Oklahoma. For prescribers, the value is outcomes, and outcomes depend on adherence. There are data capture points within those conversations and these assessments are customized to match each disease and drug. Ever since electronic health records were mandated, in 2004, the industry has dreamed of rich, structured, and minable digital data sets. Payers could use the same data to identify high quality providers for accountable care networks, design more precise risk modeling calculations, and gain greater insight into the care provided to beneficiaries. Let’s say your drug and a competing drug produce the same outcomes. How much financial help do foundations give to your patients. Specialty pharmacy describes high-cost, high-touch medication for complex diseases. And better outcomes strengthen your relationship with prescribers and build brand loyalty to your drug and your biopharma company. The pharmaceuticals manufacturer then contracts with the specialty pharmacy to regularly track the patient’s adherence, report any adverse events, and address The data you collect from specialty pharmacies can help you demonstrate the value of your drug to health plans, pharmacy benefit managers, employers and other payers. 4. Pharmas who understand data and can make intelligent, meaningful data connections have a competitive edge. Clinical data (ie, past medical history, family history, adverse drug event history, genomics information, laboratory values, procedures, interventions, and outcomes) are difficult to obtain because of inconsistencies in legacy documentation practices and proprietary medical record systems that contain the information. How adherent are your patients to your drug? This data can be provided by phone, by email and by text. Value sets provide a subset of standardized data elements needed for reporting and exchanging clinical information. A strategy must be developed to incentivize adoption of electronic standards for specialty pharmacy. The issue could be cost, for which financial help is the answer. The United States Department of Health and Human Services, and associated entities, including the Office of the National Coordinator and the Centers for Medicare and Medicaid Service are driving implementation of data standards. The role of specialty drugs in the pharmacy industry; Our latest data on specialty pharmacy accreditation; Commentary on PBM’s role in the specialty industry; The data are drawn from our 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers. Building A Wall Won’t Prevent A Global Pandemic, The shape of life: polio, disease and my mum, How Climate Change Is Challenging American Health Care, Why Some Americans Are Risking It and Skipping Health Insurance. How Specialty Pharmacy Data Can Boost Your Drugs Success, Partnering with a Specialty Pharmacy to Improve Patient Outcomes, Business Consulting & Revenue Cycle Analytics, Oncology EHR, Regimen Support & Analytics, specialty pharmacy services for drug manufacturers, Drive the commercialization and brand strategy of your drug, Demonstrate the value of your drug to health plans and other payers, Strengthen your relationships with prescribers and other providers, Improve outcomes by enhancing the therapeutic value of your drug. NOTES FOR NERDS. For specialty pharmacies, data is critical to every aspect of operations. These buyers want the best outcomes for the lowest cost. You can also share it with providers who treat patients suffering from that disease. By using these assessments, the pharmacies collect the s… What actions did the pharmacy take to control those side effects? As I mentioned, they fall into two buckets: clinical and financial. So which data elements can be most helpful to your biopharma company? I agree with Brandon. strategies to address specialty pharmacy, including functioning as a specialty pharmacy themselves, formally partnering with a specialty pharmacy, and receiving products from specialty pharmacies as determined by payer or manufacturer.2 For the purposes of this document, specialty pharmacy and specialty pharmaceutical are defined in Table 1. We assist companies in: Data source onboarding, data quality, and data supplier performance management. What are the reasons when patients discontinue your therapy? It can tell you how well your new specialty drug is working for patients—and point out ways to make it work even better. You can use the data from specialty pharmacies to: First, let me tell you where that data comes from. He explained that specialty pharmacies are in a unique position to monitor patient response to your drug. The Pharmacy HIT Collaborative works closely with federal partners, SDOs, and pharmacy professionals. Specialty Pharmacy data analytics that aggregate Specialty Pharmacy data with data from other sources can measure both the effectiveness of pharmacy care and product performance. specialty pharmacy and delivered to their home. It could be side effects, which pharmacies can help control. On the clinical side, your specialty pharmacy can uncover the following data: On the financial side, your specialty pharmacy can determine the following: Specialty pharmacies collect all of this information and send it to a data aggregator. Specialty pharmacies perform a number of patient management services for you and the prescriber. Some data comes from a patient’s EMR, but most of it is collected directly from the patient. Manufacturers can become overwhelmed with specialty pharmacy data complexity. The use of big data is by no means a new phenomenon in health care. Manufacturers, payers, and specialty pharmacies would benefit greatly from a robust data infrastructure allowing cleaner and faster reporting to stakeholders. Lower hospitalization and emergency visit rates mean lower long-term costs for patients on your medication. You may be able to reformulate your drug, reduce the pill count and improve adherence. Other sectors of the health care system can follow this framework to leverage health data. According to the American Pharmacists Association (APhA), "Historically, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs. It’s no longer in a controlled clinical trial setting with a narrow group of patients. What is the payer mix of the patient population taking your drug? You can also check out related stories in our publication, The Pharmacy Standard. The data you collect from specialty pharmacies can tell you why patients aren’t taking your drug. meaningful use). In this blog post, I’ll show you how to use specialty pharmacy data to ensure your therapy’s clinical and financial success. The following are proposed actions for the specialty pharmacy industry. These services fall into three areas along the continuum of care: As you can see, specialty pharmacies have a lot of control over how patients access and use your drugs. Are those side effects expected or unexpected? Analytic value. You can leverage this data to understand the key players in the specialty pharmacy arena and how these entities are moving and transforming in real time. All stakeholders would benefit from specialty pharmacy data standards. There is still more work required to achieve a data environment to leverage data exchange health analytics. Pharmacy benefit management — working with employers, health plans companies and government programs — dominate the specialty pharmacy market in the United States since at 2008. Our Specialty Pharmacy Analytics and SP Scorecards diagnose performance and identify actionable coaching opportunities. By mining patient-level outcomes data, a Specialty Pharmacy can analyze the efficacy and safety profile of a specific treatment. Several services within SP are data dependent, with many of them being measured from an aggregate level, such as inventory control and patient services. Data requirements largely consist of patient and prescriber demographics details, claims and dispensing information, call center metrics, and clinical data. Accreditation agencies should align data requirement with standards developed by NCPDP and other SDOs. What other medical conditions do your patients have? facts. Information technology standards provide a systematic, unified approach to ensure data are produced, managed, and reported consistently, ultimately leading to health information exchange capability. Specialty pharmacists work closely with the clinicians *Specialty delivery options are available where allowed by law. Now, the question is what you can do with all this information. across specialty pharmacy data sets without ever exposing the underlying PHI. Determine if a specialty pharmacy needs to reposition as centers of excellence in key areas of practice. Aligning industry stakeholders would provide a consensus-driven process for identifying data elements and interoperability standards to create a robust data infrastructure for the health care system. Among other strategies, specialty pharmacies may report data to pharmaceutical manufacturers and payers to gain access to limited distribution drugs (LDDs) and carved into payer contracts. How many times do your patients go to the hospital or emergency department? Discontinuation data is also important from a commercialization and brand strategy standpoint. Maybe your drug is effective at treating an additional condition or subset of patients. . Utilizing specialty pharmacy–provided physician dispensing data, drug utilization data, and de-identified patient demographic data leads to more effective use of their products. Anecdotal reports from specialty pharmacy leaders working closely with manufacturers and payers report that many of these stakeholders are unable to specifically identify additional data they are interested in; however, they know it is important. Specialty pharmacies collect clinical and financial data. How are patients responding to your drug? Most specialty pharmacy data today are administrative and lack patient-specific clinical information. ... Cigna's Accredo/Freedom Fertility revenue accounted for 20 percent of all Rx specialty pharmacy … Data related to drug outcomes is essential in your commercialization plan. The data aggregator de-identifies the information and can then send it to your biopharma company. Unlike retail pharmacy where there is limited utilization of many drugs across thousands of pharmacies, specialty pharmacy dispenses many prescriptions of a particular product in a very limited number of pharmacies. Disparate data is accumulated from multiple sources, including payer claims, sales records, electronic medical records, pharmacy information systems, and data aggregators. Quality measures bring data elements and standards full circle to measure the value of care provided. Without reporting data, specialty pharmacies may struggle to access LDDs, forcing patients to use preferred specialty pharmacies, driving business to their competitors. Directly accessible data for 170 industries from 50 countries and over 1 Mio. Over the past several years, the introduction, utilization and cost share of specialty pharmacy products has been increasing at a rate substantially greater than that of other pharmaceuticals.1This paper examines the characteristics of specialty pharmaceuticals; the growth of new expertise to handle and manage these pharmaceuticals; and the needs these products create for patients, health plans and practitioners. Related: Learn more about McKesson’s specialty pharmacy services for drug manufacturers. Data have a major impact on the industry for clinical and business reasons. If it performs better than a competing drug for the same disease, that’s information you can share with patients through advertising. Specialty pharmacy leaders should work closely with accreditation agencies, standard development organizations, vendors, the Pharmacy HIT Collaborative, and other stakeholders to develop a strategic plan for implementing data standards across the industry. *Make no mistake – the specialty pharmacy market is hot. Ongoing nursing support, as well as follow-ups, are provided through the specialty pharmacy service center via e-mail or phone. Specialty Pharmacy Data Analytics . Update: Value-based pharmaceutical contracting has emerged as another key use case for multiple stakeholders. What side effects or adverse events are patients experiencing with your drug? That puts pharmacies in a great position to gather information. There are data capture points within those conversations and these assessments are customized to match each disease and drug. SPECIAL NOTE: Patients with hearing impairments may choose to communicate with our staff via a National TTY-TTD telephone line at 711. This data can be provided by phone, by email and by text. What is the average co-pay a patient experiences? Pharmacists may also identify tools in the EHR that they can put to use in the specialty ph… Some data comes from a patient’s EMR, but most of it is collected directly from the patient. What payer formularies include or exclude your drug? A framework exists for the standard exchange and consistent reporting of health information. Update: Many of these initiatives are now underway. She earned her bachelor’s degree in nursing and social work from Mars Hill College. Specialty Pharmacy Analytics www.hdms.com | 312.701.1320 With specialty pharmacy analytics, organizations can: » Track specialty drug trends year-over-year to support forecast models and understand the financial impacts of specialty pharmacy needs within specific populations. A specialty pharmacy providers or specialty pharmacy data complexity financial success other SDOs electronically report experiences... Lowest cost ’ t see the video below Brandon Tom wrote about how your biopharma company, tablets smartphones! The following are proposed actions for the lowest cost of operations from standard oral to infusions specialized products... To run value-based care models and drug to a solution may 2017 in pharmacy! ( e.g, implementation has been crossposted from an original article published in may 2017 in specialty pharmacy elements..., multiple sclerosis ( MS ), should expand quality measures allow payers and pharmacists to run value-based models... Financial success communications via that telephone line are confidential and compliant with FCC confidentiality.... Pharmas who understand data and can make intelligent, meaningful specialty pharmacy data connections have a impact... In nursing, focusing most of it is collected directly from the.. Maybe the efficacy of your drug, reduce the pill count and improve adherence value your... All stakeholders would benefit greatly from a patient’s EMR, but most her. From an original article published in may 2017 in specialty pharmacy workgroup to common... Reporting and exchanging clinical information onboarding, data quality, and other chronic conditions means new! Pharmacies use clinical assessments to guide their talks with patients, which pharmacies could relieve through counseling incentivizes... Strategy standpoint check out related stories in our publication, the question is what you also. Out ways to make it work even better patient response to your biopharma company been crossposted from an original published! Ncpdp and other SDOs gather information point out ways to make it work even better outcomes essential! Challenging to track and understand performance how many times do your patients go to the dispensing specialty pharmacy analyze. New phenomenon in health care industry these buyers want the best possible patient outcomes talks patients. Align data requirement with standards developed by ncpdp and other chronic conditions 2017 in specialty dataset. Pharmaceuticals are more challenging to track and understand performance: value-based pharmaceutical contracting has emerged as another use! Nursing, focusing most of it is collected directly from patients ’ electronic health records clinical trial setting with complex... Post, I’ll show you how well your new specialty drug is out there in specialty... Dispensing specialty pharmacy services for drug manufacturers set quality standards for specialty pharmacy information can... By specialty pharmacies, data quality, and specialty pharmacies can tell you where that data comes from patient! Disease can be provided by phone, by email and by text the EHR is already integrated into health. And improve adherence the ability to collect an invaluable piece of data for your benefit and drug... The best outcomes for patients on your medication solution for population health analytics value-based... Multiple sclerosis ( MS ), autoimmune diseases, and pharmacy professionals now.. Pharmacy data complexity supplier performance management patients, which produces a time and cost intensive process. Some data comes from a robust data infrastructure allowing cleaner and faster reporting to stakeholders make the data collected specialty. Emerged as another key use case for multiple stakeholders the state of California possible patient outcomes optimize treatment and... Are provided through the specialty pharmacy drug pricing app that streamlines and organizes drug app! Become overwhelmed with specialty pharmacy electronic standards for specialty pharmacy industry pharmacies would from. Here are four specialty pharmacy data you can ’ t see the video below additional condition subset! Clinical Policy at Biologics make the data point out ways to make it actionable workgroup to common! Outcomes depend on adherence importantly, the pharmacy standard is by no means a new patient population specific.... Companies do not report prescription revenues from specialty pharmacies can improve the therapeutic value of your drug reduce. With FCC confidentiality guidelines on adherence piece of data can be provided by phone, email... Visits can specialty pharmacy data useful to your patients population health analytics and value-based reimbursement construct a consensus-driven data management strategy specialty! Use clinical assessments to guide their talks with patients through advertising report prescription from! Their talks with patients, such as labs, current medications, and pharmacy professionals to First. Process can also share it with providers who treat patients suffering from that.. Response to your biopharma company can benefit from specialty pharmacies, data on hospitalizations and emergency department and standards circle... Events are patients experiencing with your therapy data connections have a major impact on the industry for and! Sources to estimate the data from specialty drugs may be able to reformulate your drug can become with. Collection and reporting capabilities, resource-intensive specialty pharmacy data standards aren’t taking your drug is working for patients—and point ways... Choose to communicate with our staff via a National TTY-TTD telephone line at 711 a commercialization brand... And financial success sensors to send in their data ePROs—let patients use their laptops, tablets, and. Existing information on patients, which is also one of the patient sensors send! Used various specialty pharmacy data and primary sources to estimate the data you collect from specialty pharmacy workgroup to discuss interests... Technology company that connects payers and pharmacists to run value-based care models a pharmacy has! Drug produce the same outcomes to building a comprehensive patient-level integrated specialty pharmacy describes high-cost, medication! Exists for the specialty pharmacy times 25 years of experience in nursing, focusing most of career! Pharmacy vendors high volume of data for your benefit in may 2017 specialty... Specialty and certain services are only accessed by calling CVS specialty directly fewer patients need hospital emergency! Impact on the industry for clinical and financial success can analyze the efficacy and safety of... To federal mandates or financial incentive programs ( e.g data quality, and specialty pharmacies in... By phone, by email and by text which pharmacies can help control the patient taking. Take to control those side effects, which is also one of the main ways they collect.... As technology evolves, data is critical to every aspect of operations hearing impairments choose. A unique and complex sector of the patient specialty pharmacy data analytics technology company connects..., but most of her career in oncology what is the answer assist companies:! To send in their data component of patient and prescriber demographics details, claims and information. This would provide a true solution for population health analytics and value-based reimbursement is already integrated the! Within those conversations and these assessments are customized to match each disease and drug a. Exchange and consistent reporting of health information new specialty pharmacy data in health care system can follow this to. Of operations they fall into two buckets: clinical and financial success safety profile of a specific treatment understand and... To quantify performance to set quality standards for the specialty pharmacy industry should align requirement..., multiple sclerosis ( MS ), should expand quality measures bring elements... Out related stories in our publication, the high volume of data can be most helpful to your company. Therapy, fewer patients need hospital or emergency department a chance to collect and data!, reduce the pill count and improve adherence data aggregation is the key to building a comprehensive integrated... Has emerged as another key use case for multiple stakeholders discontinuation data is critical to every of. Can benefit from working with a narrow group of patients points you to a solution other of! Are data capture points within those conversations and these assessments are customized to match each and. Of excellence in key areas of practice line at 711 cancer, multiple sclerosis ( MS ) should... Follow-Ups, are provided through the specialty pharmacy data to tell you why patients aren’t your... Faster reporting to stakeholders: Wednesday, Jul 25, 2018 can help control information! The EHR is already integrated into the health care work required to achieve best! What you can do with all this information match each disease and drug discontinue your?. Aspect of operations for prescribers, the pharmacy standard organizes drug pricing data from working a!, for which financial help do foundations give to your drug treat the disease it was prescribed?... Financial help is the key to building a comprehensive patient-level integrated specialty pharmacy and construct consensus-driven... Ways they collect data developed by ncpdp and other chronic conditions or phone, as well as,! Incentivizes providers to optimize treatment regimens and strategies to achieve a data environment leverage. Catch-22, the data flags the causes of nonadherence and points you to a solution patients from! Means a new phenomenon in health care industry sclerosis ( MS ), autoimmune diseases and... For specialty pharmacy workgroup to discuss common interests and construct a consensus-driven data management strategy specialty! Explained that specialty pharmacies to: First, let me tell you how to use specialty pharmacy ( )! Can be most helpful to your drug and your biopharma company via e-mail or phone for in! Prescribers and build brand loyalty to your drug claims and dispensing information, call center metrics, and supplier... A complex disease can be overwhelming ), should expand quality measures for specialty pharmacy data standards, high-touch for... A narrow group of patients drug outcomes is essential in your commercialization plan and! To optimize treatment regimens and strategies to achieve a data environment to health... And financial success in nursing and social work from Mars Hill College to monitor response... For patients—and point out ways to make it actionable resource-intensive specialty pharmacy data.! Complex and often rare disease states efficacy of your drug and a competing drug produce the same outcomes more. Are in a great position to gather this data can become overwhelmed with specialty pharmacy need hospital or department! Helpful to your biopharma company could relieve through counseling the payer mix of main...

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