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:8/16/2019)... MIRADA, Calif. (PRWEB) , ... August 16, 2019 ... ... their new psychological service, Eye Movement Desensitization and Reprocessing therapy (EMDR). This therapeutic ... EMDR is an evidence-based practice used for post-traumatic stress disorder (PTSD), depression, chronic ...
(Date:8/16/2019)... , ... August 16, 2019 , ... ... inhibitor (BAPAI) that could potentially treat treatment-resistant hypertension by acting in the brain ... around 150 million people worldwide that are affected by treatment-resistant hypertension, resulting in ...
(Date:8/16/2019)... ... August 16, 2019 , ... ... prepare the kids for returning to the classroom. The National Pediculosis Association ... students can join their friends free of lice and their nits (lice eggs).     ...
Breaking Medicine Technology:
(Date:8/19/2019)... ... August 19, 2019 , ... ... and San Antonio, Texas, proudly announces they have ranked #3056 on the 2019 ... and represents a unique look at the most successful companies within the American ...
(Date:8/17/2019)... , ... August 17, 2019 , ... ... are receiving free dental care services today under a program sponsored by United ... Arlington and are proud to work alongside them to make these services available ...
(Date:8/16/2019)... ... 2019 , ... The clinical trial supply chain landscape is constantly shifting, and ... Just In Time Manufacturing Solutions Manager at Almac Clinical Services , Natalie Balanovsky, ... (4pm BST/UK) on a journey through time as it relates to clinical trial supply. ...
(Date:8/15/2019)... ... August 15, 2019 , ... Inc. magazine revealed yesterday ... the most prestigious ranking of the nation’s fastest-growing private companies. The list represents ... dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, ...
(Date:8/15/2019)... ... August 15, 2019 , ... Heritage Woods of Rockford Administrator Jaclyn O’Keefe has ... , This award is part of the NCAL Awards Program, which recognizes exemplary assisted ... element among this year’s recipients is that they all go out of their way ...
Breaking Medicine News(10 mins):