Magellan Pharmacy Launches New Drug Management Solution

Magellan Pharmacy Solutions, a subsidiary of Magellan Health Services Inc, a specialty health care management organization, has launched Total Drug Solutions, an integrated approach to managing all drugs - oral, injectable and infusible.

Evidence-based drug utilization tools ensure that coverage decisions are applied across both medical and pharmacy benefits, reducing the variability of care. Magellan has enhanced its web-based utilization management system to empower providers with evidence-based information and decision support for all drugs, the company said.

"Historically, patients have received standard medications and specialty drugs in a disconnected and uncoordinated fashion. This lack of integration presents safety risks, decreases therapeutic effectiveness and unnecessarily increases costs," said Tina Blasi, president of Magellan Pharmacy Solutions.

"Payers have managed traditional pharmaceutical costs to a flat trend. However, specialty drug spending has increased dramatically. With recent advances in pharmaceutical technology, patients and payers need better support to coordinate treatment, manage costs and ensure patients achieve the best outcomes," Blasi said.

"Total Drug Solutions combines our strengths in both specialty and medical drug management with our experience in traditional pharmacy benefit solutions to provide a patient-centric, 360-degree approach to drug management. Our philosophy is to help patients receive the right drug in the right amount at the right place", she added.

SOURCE: Equities.com