Analysis

The latest Drug Channels commentary — PBMs, 340B, specialty pharmacy, and the contracts that move the money.

Showing 741–750 of 2721

Friday, November 13, 2020

  • SaveonSP's Copay Maximizer Failed Me: A Patient's Perspective

    Today’s guest post comes from Anndi McAfee, a successful voice over artist. Check out her impressive IMDB credits. Your kids have definitely heard her voice.

    Anndi also suffers from a rare disease and requires treatment with an orphan drug. Below, she shares her troubling experiences with SaveonSP, the mysterious company behind Express Scripts’ copay maximizer program. (ICYMI, I profiled SaveonSP in May.)

    Anndi’s story illustrates how a patient taking a specialty drug can lose out, even as others—her health plan, its PBM, and a sketchy intermediary—profit from a manufacturer’s patient support funds. I suspect that very few patients with similarly complex diseases are as savvy and persistent as Anndi has been.

    Read on for her disturbing story. You can reach Anndi via her professional page or on LinkedIn.

    Posted by Drug Channels Institute, an HMP Global company on Friday, November 13, 2020

    Labels: Patient Perspective, Copay Accumulator Adjustment, Guest Post, PBMs

Wednesday, November 11, 2020

  • Employer Pharmacy Benefits 2020: Some Good Coinsurance News, But Many Still Face Prescription List Prices

    It’s time for our annual deep dive into employer-sponsored coverage for prescription drugs.

    Consistent with our previous analyses, coinsurance and deductibles remain common for specialty and fourth-tier drugs, leaving patients exposed to the undiscounted list price of their prescriptions.

    However, there is also some good news: The use of copayments—instead of coinsurance—grew for people with both traditional and high-deductible plans. Perhaps nothing ever lasts forever.

    Read on for my overview of cost sharing tier structure, copayment vs. coinsurance, and average copayments and coinsurance rates—along with our annual Drug Channels tiers/tears puns.

    In a follow-up post, I’ll examine how today’s benefit designs continue to challenge—and confuse—patients.

    Posted by Drug Channels Institute, an HMP Global company on Wednesday, November 11, 2020

    Labels: Generic Drugs, Costs/Reimbursement, Benefit Design, Specialty Drugs, PBMs

Monday, November 9, 2020

  • 16th Annual Life Sciences Trade and Channel Strategies

    16th Annual Life Sciences Trade and Channel Strategies
    December 1-3, 2020 | Virtual Event
    www.informaconnect.com/trade-channel

    Navigating the distribution and contracting landscape is a complex endeavor. That’s why the life science industry’s top experts will come together virtually on December 1-3 at Trade and Channel 2020. They’ll guide you through new and innovative ways to optimize channel strategies to reach patients in need and provide the necessary services based on product type, site of care and reimbursement. You’ll benefit from 3 days of live content, as well as a robust library of on-demand content – with all live and on-demand sessions available for viewing for 30 days after the event concludes.

    Visit www.informaconnect.com/trade-channel for further details and to register. Drug Channels readers will save $200 off the standard rate when they use code KTP933 and register prior to November 20th.*

    You can download the complete agenda here.

    Gain Critical Insight from Industry Trailblazers During a Time of Transformative Change – Speakers will include:
    • Bill Roth, Founding Partner, Blue Fin Group
    • Rob Osborne, Vice President Pharma Trade Relations, Express Scripts, Accredo, CuraScript SD
    • Ray Tancredi, RPh, MBA, CSP, Divisional Vice President, Specialty Pharmacy Development & Brand Rx/Vaccine Purchasing, Walgreens
    • Eric D. Hargan, Deputy Secretary, Department of Health and Human Services (HHS)
    • Natalie Bedford, Executive Director, National Channel Account Team, AstraZeneca
    • Timothy Paine, Vice President, Pharma Strategy & Relations, Fairview Pharmacy Services
    • Dave MacLeod, Head of Patient Services and Specialty Pharmacy Operations, Amylyx Pharmaceuticals
    • Brent Warner, Vice President, Gene Therapy, Novartis Pharmaceuticals
    • Liz Minko, US Distribution and Channel Strategy, argenx US, Inc.
    • Stuart Parker, Senior Director, Trade Relations, Mayne Pharma
    • And more!
    Live Keynotes Delivering Timely Updates and Insights on High-Impact Topics, Including:
    • Critical Update – Market Dynamics Drastically Impacting the Channel
    • Navigate the Evolving State of Regulatory Reform Driving Innovation and Access
    • Emerging and Future Trends in Channel Strategy, Distribution and 3PL
    • Pharmacy Spotlight – Innovative Models Redesigning Care in 2020 and Beyond
    Download the agenda to plan your sessions and wrap up your week armed with critical updates and valuable takeaways.

    Visit www.informaconnect.com/trade-channel for further details and to register. Drug Channels readers will save $200 off the standard rate when they use code KTP933 and register prior to November 20th.*

    Informa-Connect CBI will see you there!

    *Cannot be combined with other offers or used towards a current registration. Cannot be combined with special category rates, clinic/hospital rates, non-profit rates or other offers. Other restrictions may apply.


    The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees.

    Posted by Drug Channels Institute, an HMP Global company on Monday, November 9, 2020

    Labels: Sponsored Post

Thursday, November 5, 2020

  • What I told Congress about the 340B Program

    ICYMI, House Energy and Commerce Committee Republican Leader Greg Walden (R-OR) and Senate Health, Education, Labor and Pensions (HELP) Committee Chairman Lamar Alexander (R-TN) recently asked for input on how to improve the 340B Drug Pricing Program. Comments were due last Friday (October 30).

    Your friendly neighborhood blogger submitted an 11-page letter, which you can read below. I shared my $0.02 on the overall market, explained channel distortions from 340B contract pharmacies, and offered some policy recommendations.

    For your reference, I also include links to published comments from the American Hospital Association and the Pharmaceutical Research and Manufacturers of America.

    The new Congress has an ambitious agenda. Let’s hope modernizing 340B gets on the do list.

    Posted by Drug Channels Institute, an HMP Global company on Thursday, November 5, 2020

    Labels: 340B, Industry Trends, Health Care Policy, Pharmacy

Tuesday, November 3, 2020

  • Independent Pharmacies Learn to Live With (and Without) Preferred Networks for 2021

    Last week, I highlighted the largest pharmacy chains that will participate in the 2021 Medicare Part D prescription drug plans (PDP).

    Today, I examine how independent pharmacies will participate as preferred cost sharing pharmacies via the pharmacy services administrative organizations (PSAOs) that represent these pharmacies in negotiations with plans.

    As you will see here, some PSAOs are rejecting preferred networks, while others are participating cautiously. There are notable differences in strategy between the PSAOs operated by AmerisourceBergen and McKesson. Details and a handy scorecard below.

    The Centers for Medicare & Medicaid Services (CMS) continues to take a hands-off approach to pharmacy networks. One notable consequence: Independent pharmacies have formed their own Part D plan, in which only independents are preferred. We’ll know in January if the new plan is sitting pretty—or on a bed of nails.

    Posted by Drug Channels Institute, an HMP Global company on Tuesday, November 3, 2020

    Labels: Benefit Design, Pharmacy, Narrow Networks, PBMs, Medicare Part D

Monday, November 2, 2020

  • Rare Disease Innovation and Partnering Summit 2020

    Rare Disease Innovation and Partnering Summit 2020
    December 1-4, 2020 | Virtual Event
    www.raredisease-summit.com

    This December, tackle challenges faced in ensuring patient access and furthering therapeutic and curative progress at the Rare Disease Innovation & Partnering Summit. Held in a 100% virtual format, this four-day meeting convenes diverse stakeholders to discuss opportunities for continued innovation, advancement of impactful patient advocacy and acceleration of commercial strategy success. Benefit from live sessions, keynotes and panels, plus a library of on-demand sessions ready to watch as your schedule allows. All sessions are available for viewing for 30 days post event.

    Visit www.raredisease-summit.com for further details and to register. Drug Channels readers will save $200 off the standard rate when they use code ZZX688 and register prior to November 13th.*

    You can download the complete agenda here.

    Unparalleled Insights, Impactful Keynotes and Luminary Addresses from Industry Trailblazers, including:
    • Patient Perspective - Chasing My Cure
      David Fajgenbaum, M.D., Co-founder and Executive Director, CASTLEMAN DISEASE COLLABORATIVE NETWORK
    • Technology Spotlight - Using AI to Speed Discovery and New Treatments
      Tim Guilliams, Founder, CEO, HEALX LTD
    • Scientific Luminary - Targeting the Morphological Impact of Disease
      Marzieh Haghighi, PH.D., Postdoctoral Associate, BROAD INSTITUTE OF HARVARD MIT
    • Novel Funding - Accelerate Rare Disease Therapeutic Development
      Andrew Lo, Ph.D., Charles E. and Susan T. Harris Professor, MIT SLOAN SCHOOL OF MANAGEMENT
    • FDA Address – Navigating Regulatory Pathways and Evidentiary Requirements
      Kerry Jo Lee, MD, Acting Associate Director for Rare Diseases, FDA/CDER/OND
    PLUS! Hear from the most innovative industry organizations, including Acceleron, Alexion, Alkeus Pharmaceuticals, Argenx, Biogen, Castle Creek Biosciences, Centogene, Collaborations Pharmaceuticals, Foundation Medicine, Perseo Pharma, Relypsa, Sanofi Genzyme and more.

    Customize Your Virtual Experience with Powerful Program Offerings:
    • Two Strategic, One-Day Forums:
      • Global Drug Development and Access
      • Patient Engagement, Advocacy and Alliance Management
    • Four Targeted Track Offerings:
      • Patient-Driven Progress
      • Reimbursement, Value and Access
      • New Launch and Commercialization
      • Partnering, Investment and Portfolio Strategy
    Download the agenda to plan your sessions and wrap up your week armed with critical updates and valuable takeaways.

    Visit www.raredisease-summit.com for further details and to register. Drug Channels readers will save $200 off the standard rate when they use code ZZX688 and register prior to November 13th.*

    Informa Connect-CBI will see you there!

    *Cannot be combined with other offers or used towards a current registration. Cannot be combined with special category rates, clinic/hospital rates, non-profit/advocacy rates or other offers. Other restrictions may apply.


    The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees.

    Posted by Drug Channels Institute, an HMP Global company on Monday, November 2, 2020

    Labels: Sponsored Post

Thursday, October 29, 2020

  • Drug Channels News Roundup, October 2020: Accumulator Nonsense, GoodRx Fees, 340B Dollars, and Our Simulated World

    Halloween is truly scary this year. Since we can’t trick-or-treat, spend some time with our spooky roundup of Drug Channels news stories:
    • Creepy! UnitedHealthcare expects physicians to enforce its copay accumulator policy
    • Vampiric! How GoodRx sucks money from the channel
    • Shocking! 340B haunts even more of the industry than you envisaged
    Plus, a scary reason to be cheerful: Chances are 50/50 that we are living in a simulation!

    P.S. Stretch out your arm and join the zombie horde who shamble after me at @DrugChannels on Twitter. My recent tweets have highlighted: UnitedHealth’s DivvyDose acquisition, independent analyses of Rutledge vs. PCMA, importation problems in Wyoming and Florida, Medicaid enrollment, fake news from NASHP, and unexpected public policy cameos by Drug Channels. (You can also join my followers on LinkedIn.)

    Posted by Drug Channels Institute, an HMP Global company on Thursday, October 29, 2020

    Labels: Co-pay Offset Programs, 340B, Benefit Design, Physicians, Discount Cards, Pharmacy, Copay Accumulator Adjustment

Tuesday, October 27, 2020

  • Battle of the Giants: CVS, Kroger, Walgreens, and Walmart Expand in 2021 Part D Preferred Networks

    In Preferred Pharmacy Networks Dominate in 2021 Medicare Part D Plans, I highlighted how those networks will again rule next year’s Part D prescription drug plans (PDP).

    Today, I examine the largest retail chains’ participation in the 27 major 2021 Part D preferred networks that the nine largest plan sponsors will offer.

    As you will see, most major chains increased their position as a preferred pharmacy in many 2021 networks. Only Rite Aid lost position. As usual, we provide you with a handy table for scoring each chain’s participation and all changes from 2020 to 2021.

    The chains’ expanded participation may turn out to be a trick, not a treat. COVID-19 has not fundamentally altered the negative industry trends haunting retail pharmacies. Narrow networks force pharmacies to trade volume for profits. Expect another scary drop in the number of U.S. pharmacies.

    As the African proverb says: "When elephants fight, it is the grass that suffers."

    Posted by Drug Channels Institute, an HMP Global company on Tuesday, October 27, 2020

    Labels: Benefit Design, Pharmacy, PBMs, Narrow Networks, Medicare Part D

Monday, October 26, 2020

  • GTN 2020 – Informa Connect - CBI’s Gross-to-Net Summit

    GTN 2020 – Informa Connect - CBI’s Gross-to-Net Summit
    November 16-18, 2020 | Virtual Event
    www.informaconnect.com/gtn

    Join the life sciences community next month at Informa Connect - CBI’s GTN Summit, now in the 10th year. The event is being held virtually November 16-18, 2020 and is designed to position your organization for success in the end-to-end management of GTN. Benefit from live expert panels, presentations and summits, live polling and Q&A, and a library of on-demand content for you to watch as your schedule allows. All presentations will be available for viewing for 30 days after the event concludes!

    Visit www.informaconnect.com/gtn for further details and to register. Drug Channels readers will save $300 off the standard rate when they use code GNB425 and register prior to October 30th.*

    You can download the complete agenda here.

    You’ll hear perspectives from companies such as ADC Therapeutics, Alkermes, Amgen, Apellis Pharmaceuticals, Bristol-Myers Squibb, Cipla Therapeutics, Deloitte & Touche LLP, Eisai US, Eli Lilly & Co, IntegriChain, Intra-Cellular Therapies, MyoKardia, Paratek Pharmaceuticals and Teva Pharmaceuticals. Our speakers are all ready to share their insights into strategic forecasting, accounting estimates, analytics and finance reporting strategies, specifically for life science companies.

    Hot topics on the agenda include GTN Process and Governance, Managed Care and Payer Contracting, Market Changes and GTN Implications, Digital Finance and Robotics within GTN, Advanced Data and Analytics for Pricing and Payer Contracts, GTN Automation for Improved Forecasting, GTN Assumptions for New Product Launches, Medicare Part D and Coverage Gap, 340B and GP Programs, Managed Care and Specialty Product Rebates, Commercial and Government Chargebacks, Product Returns, Copay/Coupon Programs, and so much more!

    Download the agenda to plan your sessions and wrap up your week armed with critical updates and valuable takeaways.

    Visit www.informaconnect.com/gtn for further details and to register. Drug Channels readers will save $300 off the standard rate when they use code GNB425 and register prior to October 30th.*

    Informa Connect-CBI will see you there!

    *Cannot be combined with other offers or used towards a current registration. Cannot be combined with special category rates, clinic/hospital rates, non-profit rates other offers. Other restrictions may apply.


    The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees.

    Posted by Drug Channels Institute, an HMP Global company on Monday, October 26, 2020

    Labels: Sponsored Post

Friday, October 23, 2020