What strategies and trends are emerging? And is the status quo really sustainable?Get the insight needed to optimise your market access strategy and build a more compelling case for specialty drugs with FirstWord’s new report, The Cost of Specialty Drugs: Payer Perspectives. Click here to view the sample pagesBased on in-depth interviews with 8 payers in the US and EU5, this report includes up-to-date views on the differences or similarities in approaches to managing specialty drug costs and the challenges faced by payers today. Read it to understand how the market is responding to rapidly rising specialty drug costs and assess the potential fallout from these pressures over the next 5-10 years.”I think you’re going to start seeing http://madeveoon.journalnewsnet.com/the-fact-is-that-although-an-associate-degree-is-an-accomplishment-a-bachelor-degree-is-a-more-formal-prestigious-college-degree-to-attain restrictions, restrictions, restrictions. You definitely are going to start seeing where the providers really need to get involved and start really making some more economic based decisions. There’s no way to sustain this growth, there’s absolutely no way, from a government perspective, from a prior payer perspective, or from a patient perspective.” US PAYERTop Takeaways and Key QuestionsRising costs are unsustainable at the current rate: Have US payers reached the tipping point? Are more radical solutions needed? In comparison, are European controls still working well enough for payers? Which single segment do all agree is the most problematic?Monitoring cost, value and outcomes is an issue: Are drug management costs taken into account in manufacturers’ prices? What do payers need to be convinced of the long-term benefits of specialty medicines?The definition of specialty drugs varies: Determining what constitutes a specialty drug remains complex, particularly in Europe. How well are specialty drug tiers and sub-divisions working in the US and how do alternative approaches function in Europe?Short-term and long-term strategies under consideration: Is the primary focus on managing existing pharmaceutical budgets within acceptable parameters or are payers now accepting the long-term cost saving arguments around hospitalisation, surgery and care?Combination products are a concern: With price negotiations for specialty drugs handled separately, payers are experiencing issues with costly combination therapies.
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