Navigation Links
MHA Announces Initial Results of the Specialty Pharmacy Member Profile Initiative
Date:3/10/2008

FLORHAM PARK, N.J., March 10 /PRNewswire/ -- Managed Health Care Associates, Inc. (MHA) is pleased to announce the initial results of its Specialty Pharmacy Member Profile initiative. MHA, the largest alternate site GPO in the country, has been building a strong foundation related to contracting for specialty pharmacy products. Through collaboration with the MHA Specialty Pharmacy Advisory Board, and in partnership with key specialty pharmaceutical manufacturers, MHA has developed the first comprehensive data base identifying key attributes related to the ever changing specialty pharmacy provider model. Manufacturers and payers have provided input in terms of the value proposition they see related to the specialty pharmacy marketplace today. Clearly identifying independent specialty pharmacy providers and the in-depth services they provide has been a major challenge for specialty pharmaceutical manufacturers. Specialty pharmaceutical manufacturers have conveyed to MHA that this information is essential to assist in developing specialty pharmacy contracting strategies as it presents clear delineation and depth of services provided by each respective specialty pharmacy.

MHA Specialty Pharmacy Program Highlights:

-- 130 independent specialty pharmacy providers completed the initial

profile

-- Program participants represent over $320 Million in annualized

specialty drug spend

-- 41,000 patients serviced covering 15 unique disease states

-- Additional service model descriptions including payer profiles as well

as compliance and adherence programs

"We've had an overwhelmingly positive response to this program from both our specialty pharmacy members and specialty pharmaceutical manufacturer partners," stated Michael J. Sicilian, President of MHA. "We are confident this data will be highly valued in our continued discussions with the manufacturers of specialty pharmaceuticals to stratify and target providers for high cost, high tech biological drugs to treat chronic illnesses such as Rheumatoid Arthritis, Multiple Sclerosis, Cancer and Immune disorders. In the past, only large national pharmacy providers were identified as sources for these medications, but now as the market grows to over 60 billion dollars annually, many other specialty pharmacy models are emerging that can successfully provide these complex therapies. This profile tool will enable all MHA members, qualified to service these patients, to participate in MHA's specialty contracting with pharmaceutical manufacturers as this new Class of Trade continues to develop."

Richard Bulich, MHA Senior VP of Specialty Pharmacy added, "As the largest alternate site GPO servicing the Specialty and Home Infusion classes of trade, we will continue to leverage our expertise, size and reputation to capture a leading share of the ever expanding specialty pharmacy market. The value proposition to specialty pharmaceutical manufacturers is the ability to access unique data, not only at the patient level, but also in understanding the different specialty pharmacy service models within the existing marketplace. Specialty pharmacy has historically been driven through the mail order approach. With emerging specialty infusion, retail and long term care markets, MHA is uniquely positioned to bring additional value to its members and specialty pharmaceutical manufacturer partners. The Biotech drug pipeline is poised to release over 40 specialty drugs over the next 3 years, and MHA is establishing the key cornerstones to successfully service this market."

About MHA

Managed Health Care Associates, Inc. (MHA) is the largest Alternate Site GPO in the country servicing the Long Term Care, Home Infusion, Combo Pharmacy and Specialty Pharmacy industries. MHA is also the leading Long Term Care Pharmacy Network Manager with focus on serving the Medicare D patient population. MHA's success is driven by unparalleled member support, competitive contracts, and the ability to create sophisticated, customized, web tools and reports, designed to increase savings and promote profitability. Members utilize MHA services to assist in the purchasing of a complete line of pharmaceuticals, medical supplies, capital equipment, and nutritional food, as well as network access to the majority of the largest national and regional prescription drug plans managing the Medicare Part D drug benefit. MHA also offers a variety of other services including contract administration, marketing, and continuing education. For more information, visit http://www.mhainc.com.

For More Information Contact:

Angela Elsier

Director of Marketing

Managed Health Care Associates, Inc.

800-642-3020 X2870

aelsier@mhainc.com


'/>"/>
SOURCE Managed Health Care Associates, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
2. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
3. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
4. HEI, Inc. Announces Sale of RFID Division Assets
5. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
6. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
7. Z Trim Announces Revocation of Gregory Halpern Severence Agreement
8. Brooke Franchise Corporation Announces Selected July Results
9. Manor Care, Inc. Announces Record Date for Special Stockholder Meeting
10. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Adipex-P(R)
11. Planet Technologies Announces Agreement to Acquire Antigen Laboratories
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... ... Agile Software Development, has been awarded a contract by the Center for Medicare ... (BPA) aims to accelerate the enterprise use of Agile methodologies in a consistent ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history ... The Brink” is the creation of published author, William Nowers. Captain Nowers and ... WWII veteran, he spent thirty years in the Navy. Following his career as ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... sleep apnea using cutting-edge Oventus O2Vent technology. As many as 18 ... characterized by frequent cessation in breathing. Oral appliances can offer significant relief to ...
(Date:10/12/2017)... ... 12, 2017 , ... The company has developed a suite ... regulatory authorities worldwide. From Children’s to Adults 50+, every formula has been developed ... , These products are also: Gluten Free, Non-GMO, Vegan, Soy Free, Non-Dairy*, ...
(Date:10/12/2017)... ... ... The American College of Medical Informatics (ACMI) will present the 2017 Morris F. ... AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium is taking place ... the field of medical informatics, this prestigious award is presented to an individual whose ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... , Oct. 11, 2017  Caris Life Sciences ... on fulfilling the promise of precision medicine, today announced ... joined Caris, Precision Oncology Alliance™ (POA) as its 17 ... centers, the St. Jude Crosson Cancer Institute will help ... the use of tumor profiling, making cancer treatment more ...
(Date:10/7/2017)... Texas , Oct. 6, 2017   Provista, ... with more than $100 billion in purchasing power, today ... news and information. The Newsroom is the ... and industry trends, infographics, expert bios, news releases, slideshows ... having access to a wealth of resources at their ...
(Date:10/2/2017)... Oct. 2, 2017 Diplomat Pharmacy, Inc. (NYSE: ... Software and Consulting, LLC , and named its founder ... based in Tennessee , will operate ... expands EnvoyHealth,s service offerings for health care partners to ... "In an interoperable world, technology ...
Breaking Medicine Technology: