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SUBSCRIBEEffective Strategies for Managing Specialty Spend in Pharmacy Contracts
Specialty pharmacy costs continue to rise at an alarming rate, rising 43% in costs since 2016, making it crucial for plan sponsors to understand the driving forces behind these escalating costs and how to manage specialty costs.
Join our webinar, Managing Specialty Spend in Pharmacy Contracts, where Truveris pharmacists and pharmacy contract experts will review why specialty medications are so expensive and review actionable steps that plan sponsors can take to control specialty spend. We will also cover specific specialty drug classes such as biologics and specialty-adjacent GLP-1s, providing insights to help you navigate covering these medications.
Learning Objectives:
- Understand the factors driving the rise in specialty pharmacy costs, including industry dynamics, market trends, and the increasing prevalence of high-cost specialty drugs.
- Learn actionable strategies and best practices for plan sponsors to effectively manage and control specialty pharmacy spend, such as optimizing pharmacy contracts, implementing utilization management programs, exploring innovative plan design changes, and adopting new market solutions to control costs.
- Gain insights into the specific characteristics of key specialty drug classes, including biologics and GLP-1s, to better navigate coverage considerations and formulary management.
About the Speakers:
Louise Shea, RPh, Chief Pharmacy Officer
Louise Shea, RPh, has nearly four decades of experience within the pharmacy and healthcare ecosystem. At Truveris, Louise serves as Chief Pharmacy Officer. Prior to joining Truveris, Louise held several leadership and technical positions across the industry. Her titles included Regional VP of Client Engagement at a large PBM, VP of Client Relations at a pharmacy tech company, Director of Strategic Operations at a pharmacy benefit administrator for nearly 10 years, and Director of Pharmacy Operations Support at a national health plan.
Blake Shrout, Pharm.D., Clinical Advisor
As a Clinical Advisor, Blake serves as a subject matter expert on pharmacy-related topics. He partners with Client Solutions’ account team to support the clinical needs of clients, while also providing ongoing client-specific clinical insights and industry trends. Prior to joining Truveris, Blake served as the pharmacist-in-charge of a Walgreens Specialty Pharmacy before working as a Clinical Pharmacist for Conduent where he oversaw the specialty and rare disease drug edits.
Jake Powers, Pharm.D., Clinical Advisor
As a Clinical Advisor and pharmacist with Truveris, Jake has provided clinical insights for clients related to their drug spend and the impact the services provided by their PBM’s have financially and clinically. Prior to joining Truveris, he was a pharmacist for 5+ years with experience in Managed Care through a residency and 2 subsequent years at a large PBM, CarelonRx working on the specialty cost management team. He has also worked with pharmaceutical manufacturers as clients, assisting in the development and management of savings programs.
