The market for Specialty Pharmacy services is substantial and growing. An aging population, the rise in chronic illness, and the complexity of specialty drugs designed to treat these conditions present both challenges and opportunities for hospitals seeking to improve the quality of care for their fragile patients. Hospitals are in a unique position to coordinate and integrate the care of chronically ill patients and to provide the level of patient interaction, education, and monitoring essential for specialty drugs.
While this confluence of factors has compelled hospitals and academic medical centers to launch Specialty Pharmacy services, many are struggling to achieve expected clinical and financial performance. What’s needed is a sustainable business model that runs the specialty program as an efficient business and enables the hospital to succeed in this complicated care delivery environment. Read more.