Navigation Links
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

WASHINGTON, Feb. 19, 2015 /PRNewswire-USNewswire/ -- Mail-service and specialty pharmacies will save North Carolina consumers, employers and government health plans $10.1 billion over the next decade, according to research released by the Pharmaceutical Care Management Association (PCMA).

"Home delivery of prescription refills offers employers one of the easiest ways to reduce health costs and improve patient satisfaction," said PCMA President and CEO Mark Merritt. "Policymakers should resist drugstore-lobby mandates that restrict employers' ability to choose home delivery."

The 90% satisfaction rate for mail-service pharmacies shows patients want the same, 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 $1.9 billion for consumers, employers, and other payers over the 10-year period 2015-24.
  • Specialty pharmacies will save an estimated $8.2 billion for consumers, employers, and other payers over the 10-year period 2015-24.
  • Combined, mail-service and specialty pharmacies will save an estimated $10.1 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 New York Employers, Consumers and Public Programs by $23 Billion
2. PCMA: Drugstore Lobby "Any Willing Pharmacy" Bill Would Increase Costs by $21 Billion
3. PCMA: Lower Cost, Preferred Pharmacies Popular with Seniors in Medicare Part D
4. PCMA: How Congress Can Fight Prescription Drug Fraud and Abuse
5. PCMA: New OIG Report Cites Drug Manufacturer "Copay Coupon" Use in Medicare Part D
6. PCMA: Medicare Part D 2015 Premiums Remain Flat
7. PCMA: New Study Confirms $217 Billion in Savings from Generic Medications in 2012
8. PCMA: CMS Analysis Shows Mail-Service Pharmacies More Affordable Than Drugstores
9. PCMA: Eight Ways to Reduce Federal Health Spending and Improve Prescription Drug Benefits in Medicare and Medicaid
10. PCMA: New Analysis Shows Alabama Can Reduce Medicaid Pharmacy Waste by $513 Million
11. PCMA: Medicare Trustees Report Shows PBMs are Delivering Savings in Part D
Post Your Comments:
(Date:5/21/2020)... ... , ... Labyrinthe Labs has announced the launch of its brand new and ... designed for fast-action relief of joint and muscle soreness, Lefa is botanically powered by ... joints and muscles. , According to the National Institutes of Health , ...
(Date:5/16/2020)... ... , ... The private clinic, CLNQ has launched a coronavirus antibody test ... which is manufactured by Abbott has been CE certified and previously had FDA approval. ... finger-prick blood testing kit to be sent their home. The sample is then ...
(Date:5/15/2020)... ... May 15, 2020 , ... AppleGate Recovery, ... Recovery Centers (MARC), an office-based opioid treatment (OBOT) program with two locations near ... (MAT) and recovery services in a physician’s office setting. , AppleGate Recovery ...
Breaking Medicine Technology:
(Date:5/26/2020)... ... May 26, 2020 , ... ... two leading RevSpring solutions—Talksoft® patient messaging and IVR Advantage™--for Loyale customers. Talksoft ... through automated and precise texts, IVR reminders and email messages tailored to ...
(Date:5/25/2020)... ... May 23, 2020 , ... Winemaker Grant Long Jr. is introducing ... present something whimsical and delicious in these complicated times,” he said, in announcing the ... 2018 Grenache ($24.99). The Chardonnay and Red Wine Blend are sourced in the Napa ...
(Date:5/21/2020)... ... May 21, 2020 , ... ... leader in cancer biomarker assays, announced today that Cigna has added ROMA® (Risk ... a global health service company dedicated to improving the health, well-being, and peace ...
(Date:5/21/2020)... ... 21, 2020 , ... In response to Michigan Governor Gretchen ... 28th and all businesses will be required to have covid-19 employee screening, AmeriCare ... As an essential business, AmeriCare Medical began this precautionary process in early March, ...
(Date:5/21/2020)... ... May 21, 2020 , ... A new report ... Group, details over 90 companies involved in the point of care test industry. ... for preliminary testing, COVID-19 has made point-of-care more important than in the past, according ...
Breaking Medicine News(10 mins):