Navigation Links
PCMA: Report Shows High-Tech Specialty and Mail-Service Pharmacies Will Reduce Costs for Texas Employers, Consumers and Public Programs by $23.3 Billion
Date:2/26/2015

WASHINGTON, Feb. 26, 2015 /PRNewswire-USNewswire/ -- Mail-service and specialty pharmacies will save Texas consumers, employers and government health plans $23.3 billion over the next decade, according to research released by the Pharmaceutical Care Management Association (PCMA).

"Home delivery of traditional and specialty drugs offers one of the easiest ways to reduce health costs," said PCMA President and CEO Mark Merritt. "Policymakers should resist efforts to restrict these cost-saving tools."

The 90% satisfaction rate for mail-service pharmacies shows patients want the same, Amazon.com-style home delivery options in health care that they enjoy in the rest of the economy. Furthermore, high-tech specialty pharmacies play a critical patient-safety role because many traditional drugstores are not equipped to administer complex specialty medications.

Major findings from the new study from Visante include:
(Click here to read the study; see state-by-state savings here )

  • Mail-service pharmacies will save an estimated $4.5 billion for consumers, employers, and other payers over the 10-year period 2015-24.
  • Specialty pharmacies will save an estimated $18.8 billion for consumers, employers, and other payers over the 10-year period 2015-24.
  • Combined, mail-service and specialty pharmacies will save an estimated $23.3 billion for consumers, employers, and other payers over the 10-year period 2015-24.

The study highlights several benefits of mail-service pharmacies, including:

  • Superior safety as opposed to brick-and-mortar drugstores;
  • Encouraging generic drug use;
  • Improving patient adherence;
  • Offering patients access to 24/7 counseling and support; and
  • Minimizing "waste" that occurs at drugstores.

The study also details the increasing importance and advantages of specialty pharmacies. Specialty pharmacies must meet many requirements to effectively handle injectable biologic medications that often require special handling, clinical protocols, and can cost many thousands of dollars per dose.

A national survey of physicians who prescribe specialty medications found that just 5% believe that all drugstores "have the expertise and capability to provide the different types of specialty medications to patients."  In addition, a recent report on specialty pharmacies notes that "specialty drugs require a level of experience and expertise that most drugstores simply do not possess."

PCMA represents the nation's pharmacy benefit managers (PBMs), which improve affordability and quality of care through the use of electronic prescribing (e-prescribing), generic alternatives, mail-service pharmacies, and other innovative tools for 215 million Americans.

Follow PCMA on Twitter

 


'/>"/>

SOURCE Pharmaceutical Care Management Association
Copyright©2015 PR Newswire.
All rights reserved

Related medicine technology :

1. PCMA: Report Shows High-Tech Specialty and Mail-Service Pharmacies Will Reduce Costs for North Carolina Employers, Consumers and Public Programs by $10.1 Billion
2. PCMA: Report Shows High-Tech Specialty and Mail-Service Pharmacies Will Reduce Costs for New York Employers, Consumers and Public Programs by $23 Billion
3. PCMA: Drugstore Lobby "Any Willing Pharmacy" Bill Would Increase Costs by $21 Billion
4. PCMA: Lower Cost, Preferred Pharmacies Popular with Seniors in Medicare Part D
5. PCMA: How Congress Can Fight Prescription Drug Fraud and Abuse
6. PCMA: New OIG Report Cites Drug Manufacturer "Copay Coupon" Use in Medicare Part D
7. PCMA: Medicare Part D 2015 Premiums Remain Flat
8. PCMA: New Study Confirms $217 Billion in Savings from Generic Medications in 2012
9. PCMA: CMS Analysis Shows Mail-Service Pharmacies More Affordable Than Drugstores
10. PCMA: Eight Ways to Reduce Federal Health Spending and Improve Prescription Drug Benefits in Medicare and Medicaid
11. PCMA: New Analysis Shows Alabama Can Reduce Medicaid Pharmacy Waste by $513 Million
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2020)... ... 2020 , ... Trella Health, the leading source of provider ... CRM, marketing automation, and contact center solutions for senior living communities and post-acute ... performance intelligence data and insights into Enquire’s CRM solution to serve as a ...
(Date:8/26/2020)... ... August 26, 2020 , ... ... Testing division, expands its technology footprint with the addition of Novocyte Quanteon™ ... With industry-leading biomarker solutions, complemented with traditional ligand-binding assays and study management ...
(Date:8/26/2020)... ... August 26, 2020 , ... Hero Life Sciences announced today ... million 3 ply surgical disposable face masks and N95 respirators in its manufacturing plant ... the challenge that most Americans are facing in trying to find quality disposable face ...
Breaking Medicine Technology:
(Date:9/1/2020)... ... ... Feeding Matters , the first organization in the world dedicated to advancing ... announce that the U.S. Centers for Disease Control and Prevention (CDC) has officially approved ... the U.S. International Classification of Diseases (ICD ) on October 1, 2021. ...
(Date:8/31/2020)... ... ... your dear friend has cancer? , It’s hard to hear your doctor say the words ... the shock wears off, the questions and fears can be overwhelming. , How should I ... Words are failing me. I’m scared. I want to DO something. , We’ve talked to ...
(Date:8/31/2020)... ... August 31, 2020 , ... Smile Brands ... groups in the United States, today announced the grand opening of another affiliated ... , Patients will enjoy convenient hours, a comfortable office, and full-service care at ...
(Date:8/31/2020)... ... August 31, 2020 , ... Bonde ... for patients with advanced heart failure, today announced that the company has been ... of $555,358 from the National Heart, Lung, and Blood Institute of the National ...
(Date:8/28/2020)... ... August 28, 2020 , ... ... set out to continue helping the specialty-diet community connect with great, gluten-free ... products, get coupons, enter giveaways, chat with brands & watch over 50 educational ...
Breaking Medicine News(10 mins):