How Can Employers Help Reduce the Cost of Specialty Drugs?

Luis Torres, MBA, Vice President, Managed Care, BioPlus Specialty Pharmacy, talks about popular strategies employers use to control drug spending.

“I actually get that question just about every day, from payers, providers, and alike is ‘how do you help me manage these high cost medications?’ One of the new strategies are centered around copay assistance programs and the actual management of the specialty regimen. So, oncolytic space in particular, you actually need a trusted specialty partner to actually help hand in hand with that actual provider and patient and plan in order to really maximize all available resources while keeping the patient adherent and compliant on the medications.

So, that’s one of the of things they’re looking at from ‘how do you help me manage the patient, basically, get them on board and keep them on board,’ and then secondarily ‘are there any additional co-pay system programs available that can help me better position the drug within a coverage portfolio, so that I can help contain the cost?’”