health and food Three Things to Look for in a Patient Assistance Program By feeds.feedblitz.com Published On :: Fri, 20 Mar 2020 11:30:00 +0000 Today’s guest post comes from Rob Brown, Vice President and General Manager of RxCrossroads by McKesson and Biologics by McKesson.Rob discusses the importance of access, adherence, and affordability for specialty therapy patients who are uninsured, underinsured, or low-income. He describes three criteria companies should use to evaluate patient assistance program solutions.Click here to learn more about program pharmacy solutions for biopharma from RxCrossroads by McKesson.Read on for Rob’s insights.Read more » Full Article Guest Post Sponsored Post
health and food Informa Connect-CBI’s 22nd Annual Medicaid and Government Pricing Congress By feeds.feedblitz.com Published On :: Mon, 23 Mar 2020 11:30:00 +0000 Informa Connect-CBI’s 22nd Annual Medicaid and Government Pricing CongressMay 19-21, 2020 | Orlando, FLwww.cbinet.com/medicaidandgovernmentExclusive Offer: Register by April 10th and save $500* (mention promo code MDCDC5).With a volatile healthcare system combined with an election year upon us, the stakes are incredibly high for life sciences manufacturers. Staying on the pulse of industry trends, policies and regulations has never been more critical. The 22nd Annual Medicaid and Government Pricing Congress delivers critical updates and industry best practices to effectively contract, report and comply with state and federal healthcare programs. Gain timely, up-to-the-minute insights on:State Invoicing and DisputesGTN ModelsInnovative Contracting StrategiesState Price Transparency and Reporting Requirements340B Oversight and CompliancePreparing, Negotiating and Implementing FSS ContractsBona Fide Service Fees and FMVAnd many other critical topicsDownload the complete program agenda.The 2020 agenda features 75+ speakers and 50+ sessions customizable by company type and size, as well as 10 hours of dedicated networking. Bio/pharma, regulatory and government experts representing HHS, Pfizer, Daiichi Sankyo, Sobi, Maryland Department of Health, BMS, Jazz, Novartis, Amneal, J&J, Sunovion, Gilead, VA, Granard, Insmed, UCB, Alnylam, Louisiana Department of Health, AstraZeneca, CMS, CSL Behring, Astellas, Lilly, Oklahoma Healthcare Authority, Theravance, Indivior, Sandoz, Alvogen, Takeda, OIG, AMAG, Aimmune, Exelixis, South Dakota Department of Healthcare Services, Regeneron, Sun Pharma, Teva and many others are set to drive the dynamic dialogue. Drug Channels readers can register today and use promo code MDCDC5 to save $500.*Discount offer valid through 4/10/2020; applies to standard rates only and may not be combined with other offers, categories, promotions or applied to an existing registration. Offer not valid on workshop-only or non-profit registrations.The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees. Full Article Sponsored Post
health and food Coronavirus Industry Impact: Patients, Pharmacies, and Wholesalers (Part 1) By feeds.feedblitz.com Published On :: Tue, 24 Mar 2020 11:30:00 +0000 I hope you are staying healthy and are managing to navigate your work-at-home mandates.Last week, I tapped the collective insights of the Drug Channels’ audience. Nearly 700 readers shared their perspectives and projections for how the coronavirus pandemic could ultimately affect behavior, policy, and industry structure. Thank you to everyone who took the time to respond.I will share the results over three articles this week:Today, in Part 1, I will review the responses relating to patient behavior, pharmacies, and wholesalers. In Part 2 (tomorrow), I’ll focus on expectations for pharmaceutical manufacturers and third-party payment. In Part 3 (Thursday), I’ll examine how the coronavirus may affect the public perception of the industry’s participants.P.S. A special shout out to the respondent who hoped that the coronavirus would not impact the quality of Drug Channels memes. Never fear, dear readers: Drug Channels will remain the internet’s top destination for pharmaceutical-related humor!Read more » Full Article Channel Management Industry Trends PBMs Pharmacy Retail Clinics Wholesalers
health and food Coronavirus Industry Impact: Manufacturers, Public Policy, and Payers (Part 2) By feeds.feedblitz.com Published On :: Wed, 25 Mar 2020 11:30:00 +0000 Today’s post is the second in our three-part investigation of the ultimate impact of the coronavirus on the drug channel. Here is a link to the first part of our survey analysis: Coronavirus Industry Impact: Patients, Pharmacies, and Wholesalers (Part 1). That article includes details about the methodology and respondents.Today, I review how people in the industry think coronavirus will affect:Federal drug pricing legislation FDA new drug approvals Public support for single-payer health insurance Third-party payment for prescription drugs I also highlight survey respondents’ comments on whether the current situation will bring overseas pharmaceutical manufacturing back to the United States.Tomorrow, I’ll examine survey responses that address how the coronavirus may affect the public’s perception of the industry’s participants. In the meantime, remember that every day is no pants day when you work from home.Read more » Full Article Costs/Reimbursement Health Care Policy Industry Trends Medicaid Medicare Part D
health and food Coronavirus Industry Impact Survey: Winners and Losers (Part 3) By feeds.feedblitz.com Published On :: Thu, 26 Mar 2020 11:30:00 +0000 Today is the final installment of our three-part investigation into the coronavirus’ ultimate impact on the drug channel. Below, I examine expectations about how the coronavirus will affect the public’s perception of various industry participants. We explore what our survey respondents said about:PharmaciesPharmaceutical manufacturersHospitalsWholesalersPharmacy benefit managers and plan sponsorsInsurance companies.In these early stages of this crisis, my crystal ball is as cloudy as yours. Let’s hope that the country will stabilize within a few months. I may then rerun the survey to determine how (if at all) everyone’s perspective has changed.Read more » Full Article Channel Management Hospitals Industry Trends Marketing PBMs Pharmacy
health and food Expanding How CoverMyMeds Helps Patients Access Their Medications By feeds.feedblitz.com Published On :: Fri, 27 Mar 2020 11:30:00 +0000 Today’s guest post comes from David Holladay, President of CoverMyMeds and Austin Raper, Healthcare Writer at CoverMyMeds.First, David discusses how CoverMyMeds supports medication access. Then, Austin highlights key findings from CoverMyMeds’ 2020 Medication Access Report. This new report includes industry research, patient interviews, novel survey data, and strategies for boosting patients’ medication access.Read on for David’s and Austin’s insights.Read more » Full Article Guest Post Sponsored Post
health and food Drug Channels News Roundup, March 2020: Sanofi’s Gross-to-Net Bubble, Drug Pricing Findings, Amazon Replaces Express Scripts, and Drug Channels Video By feeds.feedblitz.com Published On :: Tue, 31 Mar 2020 11:30:00 +0000 First, let me say thank you to all of the healthcare workers who are putting themselves at risk during this crisis.As I noted last week, many of the crucial issues for our healthcare system will remain after we all get through this challenging period. In that regard, here’s a look at some noteworthy news from the past month: Sanofi discloses new data about insulin pricesExcellent new academic research on list vs. net drug prices Three notable researchers overturn their earlier research on drug costsAmazon switches PBM vendors for some of its employeesPlus, we unveil the teaser trailer for Drug Channels Video!P.S. Join the more than 9,000 followers of my daily links to neat stuff at @DrugChannels on Twitter. My recent tweets have highlighted such topics as:How GoodRx shares patients’ prescription data2019 drug trend at Prime TherapeuticsControversy about the independent pharmacy marketA new $5 generic mail order program, Medicare Part D reformRetail pharmacy’s futureJob openings at Amazon Frozen cookie doughAnd much more!I have also been tweeting many under-the-radar stories about how the coronavirus affects drug channels.Read more » Full Article Benefit Design Costs/Reimbursement Gross-to-Net Bubble PBMs
health and food The Latest CMS Outlook for Drug Spending—And How COVID-19 Will Change It By feeds.feedblitz.com Published On :: Tue, 07 Apr 2020 11:30:00 +0000 ICYMI, the boffins at the Centers for Medicare & Medicaid Services (CMS) recently released their new projections for U.S. National Health Expenditures (NHE). Unfortunately, the coronavirus almost immediately made these predictions obsolete.It’s still useful to analyze these forecasts for a pre-pandemic examination of U.S. healthcare spending. A few highlights of the 2024 outlook:Total U.S. spending on healthcare was projected to grow, from $3.6 trillion in 2018 to $5.0 trillion in 2024. Spending on hospitals and professional services was expected to grow by a combined $800 billion—more than 60% of CMS’s projected $1.4 trillion increase in U.S. healthcare spending. That’s consistent with historical trends.Net spending on outpatient prescription drugs in 2024 was projected to shrink to less than 9% of total U.S. spending. That would be its lowest level since 2000.As usual, the actual facts run counter to the popular narrative that drug spending is skyrocketing relative to any other aspect of U.S. healthcare. Of course, the coronavirus will alter these projections. Below, I speculate how COVID-19 and its aftermath will affect healthcare and prescription drug spending. Prediction is very difficult, especially if it's about the future. Feel free to add your own outlook in the comment section below. Read more » Full Article Costs/Reimbursement Hospitals Industry Trends Physicians
health and food Introducing: Drug Channels Video! By feeds.feedblitz.com Published On :: Thu, 09 Apr 2020 11:30:00 +0000 In 2006, I launched the Drug Channels website to explore the economics of the U.S. reimbursement and distribution system for prescription pharmaceuticals. More than 30,000 professionals in the pharmaceutical and related industries rely on Drug Channels for timely analysis and provocative, fact-based insights. Today, I am pleased to announce the launch of our new delivery platform: Drug Channels Video!You can look forward to:Information and analysis via our new YouTube channel (Never fear. I’ll still be publishing articles on the website every week.)Livestream video webinars (Stay tuned next week for an announcement about our first two events.) Private, live virtual keynotes and remote presentations (Email me to schedule a safe social distancing event for your team.) Online video courses (Coming later in 2020) Please watch my brief video introduction below. (Click here if you can’t see the video.) I hope you and your families stay safe and healthy in these challenging times. I look forward to reconnecting with you in person soon. Full Article Blog Administration
health and food Industry Update and COVID-19 Impact: Join Me for Two Live Video Webinars (May 1 and May 8) By feeds.feedblitz.com Published On :: Tue, 14 Apr 2020 11:00:00 +0000 This May, join Dr. Adam J. Fein, CEO of Drug Channels Institute (DCI) and the author of Drug Channels, for two live video webinars:May 1: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies (REPLAY) (12:00 p.m. to 1:15 p.m. ET; $300 per site)May 8: Industry Update and COVID-19 Impact: PBMs & Payers (REPLAY) (12:00 p.m. to 1:15 p.m. ET; $300 per site)Register for replays both events (May 1 and May 8) ($500 per site for both events) You can purchase replays of these events using the links above.Dr. Fein will help you navigate this challenging time in U.S. drug channels. These 75-minute live events will be broadcast via Zoom from the new Drug Channels Video studio. See details below.CLICK HERE to submit questions to Adam in advance of the events.You can sign up for either one of these crucial educational opportunities for only $300 per site per event. We are offering special pricing of $500 if you sign up for both events. An unlimited number of people may watch at one location. However, we recognize that it may be difficult to gather your team in one location, so we are offering significant discounts for multiple viewing sites. Please contact Paula Fein (paula@drugchannelsinstitute.com) to get special pricing information for 5 or more locations. If you purchase access for multiple sites, we will contact you for the name and email address of a contact person at each location. Read on for more information about the events.To help people affected by COVID-19 and the caregivers who are supporting them , DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund. This charity has earned a 4-star Charity Navigator rating and is a trusted philanthropic partner of Google, Coca Cola, UPS, Verizon, and many other organizations. The fund supports preparedness, containment, response, and recovery activities for those affected by the coronavirus and for the responders. WHAT YOU WILL LEARNWe will help you and your team better understand key industry dynamics and how COVID-19 may alter the industry.Dr. Fein will share DCI’s latest market data and trends from The 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers. Topics for Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies:The key trends for retail and specialty pharmacy marketsThe new normal for prescription demandHow COVID-19 will change the U.S. payer mixWill the 340B program be disrupted?What’s next for specialty pharmaciesThe outlook for prescription profitsThe future for the drugstores’ front-end profitsNew opportunities for pharmacists as providersMy reflections on life in a pandemic world and beyondTopics for Industry Update and COVID-19 Impact: PBMs & Payers:The key trends for PBMsAn update on the latest prescription dataWhat the changing U.S. payer mix means for PBMs and insurersThe outlook for benefit designPBMs' role in Managed MedicaidMore on the 340B Drug Pricing ProgramDisruption to the buy-and-bill channelPromise and perils of vertical diversificationFurther reflections on life in a pandemic worldPLUS: Dr. Fein will take your questions during the event. CLICK HERE to submit questions to Dr. Fein in advance of the events.IMPORTANT STUFF TO KNOWAfter you register, you will receive an email with the information you will need to access our live video webinar and add it to your calendar. We will also send you reminder emails one day and one hour before the event. Watch and listen via any device with a web browser (computer, iPad, iPhone/Android, etc.)We will use Zoom technology for this webinar. You will be able to watch the live video event with your browser or by downloading the Zoom client software/app.After each event, you’ll receive a downloadable PDF with the event slides.If your plans change and you can’t make it on May 1 or May 8, we will provide an opportunity to watch a replay of the live video events. Unfortunately, we are unable to offer refunds.Pembroke Consulting clients receive free access to the webinar. Contact Tamra Feldman (admin@drugchannels.net) for details. We will automatically refund payments from anyone at a Pembroke client who purchases access using their corporate email account. Full Article Blog Administration
health and food Four Unexpected Ways that the COVID-19 Medicaid Boom Will Affect PBM and Pharmacy Profits By feeds.feedblitz.com Published On :: Wed, 15 Apr 2020 11:00:00 +0000 The U.S. economy is in a medically-induced coma. Unemployment is soaring. Companies are teetering on the brink of bankruptcy. It is unclear when our lives will return to their pre-pandemic state.One thing seems apparent: As people lose jobs and health insurance, Medicaid enrollment will jump, perhaps by as much as 20% to 30%. This will have profound implications for the drug channel.Today, I focus on how this increase will affect retail pharmacies and pharmacy benefit managers (PBMs). Below, I review Medicaid enrollment trends, how states manage prescriptions, and the factors driving the coming boom in Medicaid enrollment. As I explain, many (but not all) retail pharmacies will benefit from Medicaid growth. PBMs, however, will not fare as well. Read on and see if you agree.In early May, Drug Channels Institute will host two live video webinars: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies (May 1) and Industry Update and COVID-19 Impact: PBMs & Payers (May 8). CLICK HERE TO LEARN MORE AND SIGN UP. DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund.Read more » Full Article Health Insurance Exchanges Industry Trends Medicaid PBMs Pharmacy Pharmacy Economics
health and food What Is Payer Intelligence—And How Can It Be Combined With Technology to Enhance Patient Access? By feeds.feedblitz.com Published On :: Fri, 17 Apr 2020 11:00:00 +0000 Today’s guest post comes from Scott Dulitz, Chief Strategy Officer at TrialCard. Scott discusses how combining payer intelligence with market-leading technology can enhance patient access.TrialCard recently acquired Policy Reporter, a healthcare software solutions company that provides payer intelligence to the biopharmaceutical, medical device, and diagnostics industries. To learn more, schedule a demo of Policy Reporter or contact Scott (scott.dulitz@trialcard.com).You can also register for Trialcard’s upcoming webinar: Leveraging Payer Intelligence in Patient Service Programs.Read on for Scott’s insights.Read more » Full Article Guest Post Sponsored Post
health and food Three Early Signs That COVID-19 Could Disrupt the Buy-and-Bill Channel By feeds.feedblitz.com Published On :: Tue, 21 Apr 2020 11:30:00 +0000 Will home infusion growth be a long-overdue correction for the buy -and-bill channel or a temporary blip that will soon vanish?For some time, I have been tracking the evolution of the buy-and-bill system for provider-administered drugs. The data have shown that hospital outpatient departments have been displacing physician offices. Amid this shift, home infusion providers have accounted for a minority of commercial medical benefit spending and a tiny share of Medicare Part B spending.However, the coronavirus pandemic is triggering new growth in home infusion for buy-and-bill products. Below, I highlight the early signs of a marketplace change. I believe that some of these short-term shifts in the buy-and-bill market will persist even after we have recovered from COVID-19. They may even slow the runaway growth of the 340B Drug Pricing Program. If not, then I suppose we'll just keep living in a world with limited home infusion over and over.In early May, Drug Channels Institute will host two live video webinars: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies (May 1) and Industry Update and COVID-19 Impact: PBMs & Payers (May 8). CLICK HERE TO LEARN MORE AND SIGN UP. DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund. Watch my video invitation below.Read more » Full Article Buy-and-Bill Channel Management Hospitals PBMs Physicians Specialty Drugs
health and food Medication Access During Uncertain Times—Improving Provider Workflows to Help Patients in Need By feeds.feedblitz.com Published On :: Fri, 24 Apr 2020 11:30:00 +0000 Today’s guest post comes from Miranda Gill, Senior Director of Provider Network at CoverMyMeds. Miranda reviews how the pandemic affects the ability of healthcare workers to complete administrative responsibilities like prior authorization. She then outlines how electronic automation is helping patients get needed medications while face-to-face interactions are restricted.Learn more about healthcare IT solutions for providers and patients in CoverMyMeds’ 2020 Medication Access Report, or schedule a virtual meeting.Read more » Full Article Guest Post Sponsored Post
health and food The Top 15 Specialty Pharmacies of 2019: PBMs Stay On Top By feeds.feedblitz.com Published On :: Tue, 28 Apr 2020 11:30:00 +0000 In Drug Channels Institute's list of the top 15 pharmacies of 2019, we show that many of the largest U.S. pharmacies are now central-fill mail and specialty pharmacies operated by PBMs and insurers. To complement that broader ranking, we present below our exclusive list of the top 15 pharmacies based on specialty drug dispensing revenues. Consistent with our previous analyses, PBMs and insurers have retained their dominance over specialty drug channels, while smaller pharmacies are facing increased competition and profit pressures. I see upside for specialty pharmacies in the aftermath of the pandemic. This growth will come at the expense of provider-administered drug channels. I expect the top companies’ share will increase in 2020, due to mergers and business transitions among the largest PBMs. However, the increasing role of government payers may create opportunities for smaller pharmacies. This Friday, I’ll discuss how COVID-19 will affect the specialty pharmacy market during the first of my two live video webinars.Over the next two weeks, Drug Channels Institute will host two live video webinars: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies (May 1) and Industry Update and COVID-19 Impact: PBMs & Payers (May 8). CLICK HERE TO LEARN MORE AND SIGN UP. Contact Paula Fein (paula@drugchannelsinstitute.com) for our special promo codes for multiple viewing sites. DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund.Read more » Full Article Industry Trends Mergers and Acquisitions PBMs Pharmacy Specialty Drugs
health and food Drug Channels News Roundup, April 2020: Drug Pricing Outlook, COVID-19 Data Tracker, Community Oncology Clinics, and My Favorite Chart of 2020 By feeds.feedblitz.com Published On :: Thu, 30 Apr 2020 11:30:00 +0000 Rumor has it that Spring has finally reached our worldwide headquarters here in beautiful downtown Philadelphia. (See photo at right.) While we wait to go outside, please enjoy this month’s selection of noteworthy news:The outlook for drug pricesA outstanding (and free!) resource for tracking COVID-19 daily dataWhat’s up with community oncology practices?Plus, I share my favorite chart of 2020 (so far). P.S. Join the more than 9,200 followers of my curated links to neat stuff at @DrugChannels on Twitter. My recent tweets have highlighted: Prime Therapeutics new gene therapy offering, AmerisourceBergen’s laudable deal with the Justice Department, the Costco/Instacart deal, Rite Aid’s new CEO, clinical trial trends, vaccine pricing, and much more! I have also been tweeting under-the-radar stories about how the coronavirus is affecting drug channels.Tomorrow (May 1), Drug Channels Institute will host the first of two live video webinars: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies. We'll host the second video webinar—Industry Update and COVID-19 Impact: PBMs & Payers—on May 8. CLICK HERE TO LEARN MORE AND SIGN UP. Contact Paula Fein (paula@drugchannelsinstitute.com) for our special promo codes for multiple viewing sites. DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund.Read more » Full Article Buy-and-Bill Costs/Reimbursement Gross-to-Net Bubble Physicians
health and food Elsevier: Challenges and Trends to Watch in 2020 (Guest Post) By feeds.feedblitz.com Published On :: Fri, 01 May 2020 11:30:00 +0000 Today’s guest post comes from Trygve Anderson, Vice President of Commercial Pharmacy at Elsevier.Trygve discusses trends and challenges to watch in 2020, including drug pricing transparency, the approval and interchangeability of biosimilars, and stakeholder access to timely and accurate data. Learn more about Elsevier’s information analytics capabilities from its video: Evaluating Drug Data Yields Business Value. Read on for Trygve’s insights.Read more » Full Article Guest Post Sponsored Post
health and food Insurers + PBMs + Specialty Pharmacies + Providers: Will Vertical Consolidation Disrupt Drug Channels in 2020? (rerun) By feeds.feedblitz.com Published On :: Mon, 04 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Life was very different when I originally published today’s article. 2020 is not turning out to be quite what any of us expected. However, the pandemic has exposed some intriguing pros and cons of vertical consolidation. Click here to see the original post and comments from December 2019.The largest insurers, PBMs, and specialty pharmacies have now combined into vertically-integrated organizations. As I explain below, these companies have also been rapidly integrating with healthcare providers.I also provide an updated look at these companies and highlight strategies that they are using—or could use—to control the channel. I believe that these insurer / PBM / specialty pharmacy / provider organizations are poised to restructure U.S. drug channels by exerting greater control over patient access, sites of care/dispensing, and pricing.If they can effectively coordinate their sprawling business operations, they will pose a substantial threat of disruption to the existing commercial strategies of pharma companies. Will they succeed by better managing care and costs, or merely by extracting higher profits from our convoluted system?Read more » Full Article Accountable Care Organizations (ACOs) Buy-and-Bill Channel Management Mergers and Acquisitions PBMs Pharmacy Physicians Retail Clinics Specialty Drugs
health and food Express Scripts + Prime Therapeutics: Our Four Takeaways From This Market Changing Deal (rerun) By feeds.feedblitz.com Published On :: Tue, 05 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. I suspect this deal will remain profitable for the participating companies even as COVID-19 alters the US. prescription payer mix. Click here to see the original post and comments from January 2020. National market shares for the largest PBMs in 2019 appears as Exhibit 88 of our 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers.P.S. Sorry that today's meme is one day too late for Star Wars day.Just before the holidays, Cigna’s Express Scripts business announced a market-changing deal with Prime Therapeutics. Click here to read the press release.There's been very little written about this transaction, though it has potentially major implications. Below, I share my thoughts on the following topics arising from the deal:Implications for manufacturers and pharmaciesThe role of the secretive Ascent Health Services What this all means for WalgreensWhy the Federal Trade Commission won’t challenge the dealA few weeks ago, I explained why integrated insurer / PBM / specialty pharmacy / provider organizations are poised to restructure U.S. drug channels. The Express Scripts / Prime deal signals that the channel will continue its amazing pace of reinvention.The scale, scope, and interconnectedness of today’s market participants make the system increasingly resistant to massive disruption from either external players like Amazon or a government takeover. Like it or not, the channel will continue to gain power and extract profit. Read on and see if you agree.Read more » Full Article Channel Management Group Purchasing Organizations (GPOs) Industry Trends Mergers and Acquisitions PBMs
health and food Why Part D Plans Prefer High List Price Drugs That Raise Costs for Seniors (rerun) By feeds.feedblitz.com Published On :: Wed, 06 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Part D reform has faded from the policy debate. This rerun explains why it is still needed. FYI, this is my favorite article from 2020 (so far). Click here to see the original post and comments from January 2020.Our high-list-price/high-rebate system remains a fundamental source of warped incentives and cascading problems within the Medicare Part D program.For proof, check out the previously unpublished data below on market share for products that treat hepatitis C. Despite manufacturers offering products with lower list prices, Medicare Part D plans have rejected the therapeutically identical but lower-priced versions of these drugs.List prices significantly affect seniors’ out of-pocket costs, so Part D plans are needlessly costing many of them thousands of dollars. The federal government's Medicare spending is also unnecessarily higher.Anyone concerned about drug prices should pay close attention to this situation. Part D plans and seniors who don’t need specialty medications are benefiting, while seniors who need treatment with specialty medications are ripped off. Just another day inside the gross-to-net bubble!Read more » Full Article Benefit Design Costs/Reimbursement Gross-to-Net Bubble Medicare Part D PBMs Specialty Drugs
health and food Express Scripts vs. CVS Health: Five Lessons From the 2020 Formulary Exclusions and Some Thoughts on Patient Impact (rerun) By feeds.feedblitz.com Published On :: Thu, 07 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Today's rerun highlights one of the most effective tactics that PBMs have developed to extract deeper discounts from brand-name drug makers. COVID-19 seems likely shift the U.S. payer mix away from commercial health plans. Expect even tighter formulary management and more restrictions as PBMs work even harder to cut costs for their plan sponsor clients. Click here to see the original post and comments from January 2020.For 2020, the two largest pharmacy benefit managers (PBMs)—Express Scripts and the Caremark business of CVS Health—have again increased the number of drugs they have excluded from their standard formularies. The 2020 formulary exclusion lists are available below for your downloading pleasure.Below, I highlight my key takeaways from the 2020 lists:The number of exclusionsManagement of specialty drugsIndication-based formulariesThe slow adoption of biosimilarsThe PBMs’ patient-unfriendly exclusions in the hepatitis C categoryFormulary exclusions have emerged as a powerful tool for PBMs to gain additional negotiating leverage against manufacturers. The prospect of exclusion leads manufacturers to offer deeper rebates to avoid being cut from the formulary. Exclusions are therefore a key factor behind falling brand-name net drug prices.Read on for a look at this year’s exclusions along with some closing thoughts on what exclusions mean for patients.Read more » Full Article Benefit Design Biosimilars PBMs Specialty Drugs
health and food Surprise! Brand-Name Drug Prices Fell in 2019 (rerun) By feeds.feedblitz.com Published On :: Fri, 08 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for today’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Click here to see the original post and comments from January 2020.Manufacturers recently announced list price increases for many brand-name drugs. The typical increase was about 5%. Judging by recent history, these moderately higher list prices will translate into another year of falling brand-name drug prices in 2020.This surprising conclusion comes from our analysis of SSR Health data on prices for more than 1,000 drugs. Details below.SSR Health data reveal that list prices for brand-name drugs rose by about 5% in 2019. However, net prices (after rebates and discounts) decreased by -3.1%. Drug makers discounted their brand-name drug list prices by an average of 45%.Too many journalists and politicians remain committed to the false narrative of “skyrocketing drug prices.” In 2020, Congress may again take up drug price legislation. Let’s all hope that our country builds its public policies based upon accurate facts and reliable data. Hope has to triumph over experience eventually.Read more » Full Article Costs/Reimbursement Gross-to-Net Bubble Industry Trends PBMs
health and food Majority of Americans Open to Clinical Trial Participation If Recommended by a Doctor, New Study Finds By www.acrohealth.org Published On :: Wed, 06 Sep 2017 17:35:42 +0000 WASHINGTON–(BUSINESS WIRE)–The Association of Clinical Research Organizations (ACRO) applauds Research!America for a recently released survey on the public’s perception of clinical trials.... Full Article News Press Releases
health and food ACRO Testifies About Clinical Trials In New Jersey By www.acrohealth.org Published On :: Mon, 23 Oct 2017 22:32:04 +0000 Washington, DC – October 24, 2017 – On October 19 ACRO Executive Director Doug Peddicord, Ph.D., testified at a public hearing of... Full Article News Press Releases
health and food ACRO Urges Modernization of the R&D Tax Credit By www.acrohealth.org Published On :: Tue, 14 Nov 2017 14:49:41 +0000 WASHINGTON – November 14, 2017 – As the Senate begins debate on a tax reform bill, the clinical research industry hopes that... Full Article News Press Releases
health and food John Ratliff of Covance Elected 2018 ACRO Chairman By www.acrohealth.org Published On :: Thu, 25 Jan 2018 21:33:17 +0000 WASHINGTON–(BUSINESS WIRE)–The Association of Clinical Research Organizations (ACRO) is pleased to announce that its Board of Directors has elected John Ratliff, CEO of Covance Drug... Full Article News Press Releases
health and food British MP Benn talks Brexit challenges and the future of UK clinical research industry By www.acrohealth.org Published On :: Wed, 18 Apr 2018 15:32:25 +0000 The Association of Clinical Research Organizations (ACRO) highlights contributions to health and economy (Leeds, UK) – Facing unprecedented challenges associated with Brexit,... Full Article News Press Releases Brexit MP UK
health and food ACRO Opposes Fatally-Flawed Right-To-Try Legislation By www.acrohealth.org Published On :: Fri, 18 May 2018 23:01:22 +0000 In May of 2017 the Board of Directors of the Association of Clinical Research Organizations, which represents the world’s leading clinical research... Full Article News Press Releases Compassionate Use Congress House Right-To-Try Senate
health and food Who’s in and who’s out? ACRO talks Inclusion-Exclusion Criteria By www.acrohealth.org Published On :: Tue, 29 May 2018 19:10:10 +0000 ACRO joins FDA public meeting to discuss trial risks and rationale, benefits and barriers Clinical trials have an enormous number of inter-related,... Full Article News Duke University FDA recruitment
health and food ACRO members talk UK competitiveness and enabling post-Brexit success By www.acrohealth.org Published On :: Thu, 19 Jul 2018 03:14:35 +0000 What happens to clinical research when the UK leaves the EU’s common market and regulatory structure? When public perceptions seem locked onto... Full Article News Brexit UK
health and food UK Government focus on strengthening clinical research amidst unique challenges of Brexit By www.acrohealth.org Published On :: Wed, 28 Nov 2018 21:19:02 +0000 The Association of Clinical Research Organizations (ACRO) convenes discussion series that seeks to advance an industry with important health and economic impacts... Full Article News Press Releases Brexit policy UK
health and food Dr. Cynthia Verst of IQVIA Elected 2019 ACRO Chair By www.acrohealth.org Published On :: Wed, 30 Jan 2019 19:00:54 +0000 Washington DC – The Association of Clinical Research Organizations (ACRO) is pleased to announce that its Board of Directors has elected Dr. Cynthia Verst,... Full Article News Press Releases Board of Directors IQVIA Syneos Health
health and food EU efforts turn towards digital for 2019 By www.acrohealth.org Published On :: Wed, 27 Feb 2019 23:46:11 +0000 2018 was a busy and productive year for ACRO’s European Scientific & Regulatory Committee, which meets quarterly in London. While the Committee focused largely on the continuing implementation of the EU Clinical Trial Regulation, there were also opportunities to engage with regulators on other topics ranging from European regulatory strategy to Advanced Therapies to the urgent challenges of Brexit. Full Article News Clinical Trial Regulation digital EU
health and food ACRO testifies before IRS and Treasury Department on proposed Base Erosion and Anti-Abuse Tax (BEAT) regulation By www.acrohealth.org Published On :: Fri, 29 Mar 2019 14:05:39 +0000 On Monday, March 25, 2019 ACRO provided testimony at a public hearing held by the Internal Revenue Service (IRS) and Treasury Department... Full Article News BEAT IRS Testimony Treasury
health and food ACRO expands membership with addition of three digital technology companies By www.acrohealth.org Published On :: Mon, 15 Apr 2019 15:54:16 +0000 The Association of Clinical Research Organizations (ACRO) is pleased to announce the expansion of its membership to include ERT, Oracle and Veeva. These new ACRO member companies, with their focus on digital technologies that enable global clinical trials, characterize the ongoing innovation and evolution of contemporary clinical research. ACRO now has 12 member companies. Full Article News Press Releases ERT IQVIA membership Oracle Veeva
health and food ACRO offers unique insights on risk-based monitoring of clinical trials, calls for adoption of RBM as a best practice By www.acrohealth.org Published On :: Thu, 16 May 2019 19:01:42 +0000 Following meetings with then-Commissioner Scott Gottlieb and senior leadership from the Center for Drug Evaluation and Research on the role of CROs and technology companies in designing and implementing risk-based monitoring (RBM) of clinical trials, ACRO this week submitted extensive comments on recent FDA Guidance.Increasing the use of innovative RBM technologies helps make clinical trials safer, more efficient and higher quality. ACRO’s comments offer unique insights into the recent expansion of RBM implementation and call for further increasing the use of these oversight technologies. Full Article News Press Releases digital FDA oversight RBM Risk Based Montoring
health and food Advancing the Adoption of Risk-Based Monitoring Strategies in Clinical Trials By www.acrohealth.org Published On :: Fri, 16 Aug 2019 16:01:14 +0000 On July 17, 2019, under cooperative agreement with the FDA, the Duke-Margolis Center for Health Policy (Duke Margolis) held a public workshop. The event, titled Improving the Implementation of Risk-Based Monitoring Approaches of Clinical Investigations, aimed to identify opportunities to improve Risk Based Monitoring (RBM) implementation and solicit stakeholder input on the challenges, barriers, and enablers that impact the successful adoption of RBM. Full Article News FDA RBM Risk Based Montoring
health and food New ACRO Report Quantifies Benefits of RBM for Quality Reviews By www.acrohealth.org Published On :: Thu, 17 Oct 2019 20:39:48 +0000 A new report based on a survey of ACRO members reveals that Risk-Based Monitoring (RBM) makes clinical trial quality review more efficient... Full Article News Reports FDA RBM Risk Based Montoring
health and food A Consistent Approach to Risk Based Quality Management: Collaboration is Key By www.acrohealth.org Published On :: Thu, 24 Oct 2019 16:13:05 +0000 Developing, executing and overseeing clinical trials is a complex process. Yet it is essential to gain reliable evidence from clinical trials to... Full Article News Reports
health and food ACRO hosts Congressional Briefing on clinical research advancements By www.acrohealth.org Published On :: Thu, 24 Oct 2019 19:12:32 +0000 On Wednesday, October 23, 2019, ACRO hosted a Congressional Briefing on Capitol Hill. With the help of the Congressional Research & Development... Full Article News
health and food 2020 Officers and New Member Announcement By www.acrohealth.org Published On :: Tue, 17 Dec 2019 14:25:32 +0000 Washington DC – The Association of Clinical Research Organizations (ACRO) is pleased to announce that its Board of Directors has elected Alistair... Full Article News
health and food ACRO Members Heed the UK Government’s Call for Volunteers in Response to the COVID-19 Pandemic By www.acrohealth.org Published On :: Wed, 06 May 2020 19:08:12 +0000 May 6, 2020 – (Washington, DC) – In an effort to fight the global COVID-19 pandemic, over 150 employees from clinical research... Full Article News Press Releases
health and food Leading COVID-19 hope remdesivir fails to provide clinical benefit in first randomised trial By www.pharmafile.com Published On :: Fri, 24 Apr 2020 11:29:51 +0000 Gilead’s remdesivir, which has been hailed as one of the few truly promising treatments for COVID-19 at this early stage of the ongoing pandemic, has failed in its first randomised clinical trial, leaked data has revealed. Full Article coronavirus COVID-19 Gilead pharma remdesivir Research and Development Medical Communications
health and food European Medicines Agency’s review of Picato finds its risks outweigh its benefits By www.pharmafile.com Published On :: Fri, 24 Apr 2020 12:12:33 +0000 The European Medicines Agency’s Pharmacovigilance Risk Assessment Committee (PRAC) has confirmed that the risks from using Picato are too high to end its suspension. Full Article Medical Communications Sales and Marketing
health and food FDA urges close monitoring of COVID-19 patients treated with hydroxychloroquine By www.pharmafile.com Published On :: Mon, 27 Apr 2020 08:37:56 +0000 The FDA has released a safety communication reiterating the need for doctors to closely monitor COVID-19 patients who are treated with either hydroxychloroquine or chloroquine. Full Article chloroquine coronavirus COVID-19 FDA hydroxychloroquine Sales and Marketing
health and food ‘Excess deaths’ in England among the highest in Europe By www.pharmafile.com Published On :: Mon, 27 Apr 2020 09:51:21 +0000 English excess deaths from the coronavirus are comparable to the worst hit countries in Europe, according to a Sky News analysis. Full Article coronavirus COVID-19 deaths pandemic Sales and Marketing
health and food Researchers studying heartburn drug as potential coronavirus treatment By www.pharmafile.com Published On :: Mon, 27 Apr 2020 10:42:23 +0000 Researchers in America have been studying famotidine, the active ingredient in Pepcid, as a potential treatment for COVID-19. Full Article coronavirus COVID-19 pandemic Pepcid Sales and Marketing
health and food Italy to relax COVID-19 lockdown in early May By www.pharmafile.com Published On :: Mon, 27 Apr 2020 11:35:23 +0000 Italy has outlined its plans to ease the lockdown restrictions that were implemented across the country 7 weeks ago to combat the COVID-19 coronavirus pandemic. Full Article coronavirus COVID-19 COVID-19 coronavirus Italy Sales and Marketing
health and food Sanofi's Meningococcal Conjugate Vaccine secures FDA approval in patients aged two and up By www.pharmafile.com Published On :: Mon, 27 Apr 2020 11:58:57 +0000 Sanofi’s MedQuadfi Meningococcal Conjugate Vaccine has scored FDA approval for the prevention of invasive meningococcal disease, becoming the first and only product available in the US for this indication in patients of at least two years old. Full Article FDA meningococcal disease MenQuadfi pharma Sanofi US Sales and Marketing
health and food Reinventing the value equation By www.pharmafile.com Published On :: Mon, 27 Apr 2020 12:06:41 +0000 There is a duty to ensure access to innovative treatments for patients with unmet need, but a health service gatekeeper must commit to efficient use of limited resources. Matt Fellows looks at how real-world evidence could be the key to reassessing how we determine the value of these drugs and ensure their swift availability. Full Article Drug pricing feature real-world data real-world evidence Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production