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Association between integrated specialty pharmacy care model and pharmaceutical access and costs
Alexandra G Hames1, Geronimo Bejarano1,2, Insiya B Poonawalla1
1Humana Healthcare Research, Inc, Louisville, KY 40202, United States.
Integrated specialty pharmacy care models improve medication access and reduce costs for patients with complex conditions. This model offers faster prescription fills and lower out-of-pocket expenses for beneficiaries.
Area of Science:
- Health Services Research
- Pharmaceutical Economics
- Healthcare Management
Background:
- Health care consolidation presents mixed patient outcomes.
- The impact of insurer-specialty pharmacy integration on patient care is understudied.
- Vertical integration may increase market power, potentially raising costs.
Purpose of the Study:
- To evaluate the association between integrated specialty pharmacy care models and pharmaceutical access and costs.
- To assess the impact on beneficiaries managing complex specialty conditions in 2024.
Main Methods:
- Cross-sectional study using Humana prescription claims data.
- Adjusted regression analyses were employed.
- Evaluation focused on the integrated specialty pharmacy care model versus nonintegrated models.
Main Results:
- Integrated models reduced time from prescription to fill by -5.7 days.
- Beneficiary pharmacy costs decreased by $106 annually.
- Beneficiary specialty drug costs reduced by $77 annually.
- Additional benefits observed for patients using integrated primary care services.
Conclusions:
- Integrated specialty pharmacy care models can enhance pharmaceutical access.
- These models demonstrate potential for reducing healthcare costs for beneficiaries.
- Further research into integrated care models is warranted.
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