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NASP President Discusses the Role of Specialty Pharmacy in the Health Care Ecosystem (Part 2)

February 22, 2017| CATEGORIES: Specialty Pharmacy , Press Mention
In a 2-part Q&A with Specialty Pharmacy Times, NASP President Rebecca Shanahan discussed how direct and indirect remuneration (DIR) fees affect specialty pharmacy, how to improve patient outcomes, the impact of Any Willing Provider legislation on payer access and patient services, and many other hot topics in the specialty landscape. Click here to read part 1 of the interview. 

SPT: What is the role of ACOs, GPOs, or individual institutions in specialty pharmacy?

Shanahan: We think ACOs are an interesting concept. We believe that specialty pharmacy is a uniquely positioned service model to be successful with an ACO because specialty pharmacy really is a connector amongst health care providers for specific disease states, and so we think that we become knowledgeable partners. Today, we are highly integrated with both hospitals and doctors, both doctors who are affiliated with hospitals by virtue of an employment agreement or who are affiliated by virtue of their participation on the hospital’s medical staff. We really fit hand and glove with doctors and doctor’s offices, regardless of their affiliation, if they’re in a hospital affiliated clinic or if they’re in an independent clinic, we fit hand in glove with them relative to keeping that patient on therapy and keeping track of that patient. We also coordinate not only the clinical coordination and the pharmacy coordination, but also all of the paperwork that needs to happen.

We know that we provide value, so when a patient transitions either out of the hospital into their home, or transition out of an inpatient setting into a home setting, then we know that we are the folks that provide the support as the patient goes into their home. We also know that readmissions for conditions that are treated by specialty pharmacies can be high, and that by virtue of how specialty pharmacies manage these complex and chronic conditions, including our ongoing communication with the patient care team in the hospital and in the doctor’s office, that we are in fact assuring clinical outcomes in a way that that’s very holistic for the patient, and I think that’s what a ACO model is intended to do. In addition, there are currently doctors and hospitals that require either compounded medications and/or services with respect to specialty pharmaceuticals as a part of their care model. We are tightly integrated with these hospitals, outpatient centers, and doctors to ensure that all of the pharmaceutical products these folks require for their patients are provided in the highest quality, lowest cost, most appropriate setting. So, 47% of total specialty medical costs are provided in an outpatient setting, another 40% in a physician’s office, and 9% at the patient’s home, and we have a reach and a partnership into all those platforms for purposes of managing outcomes.

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