Recap – Specialty Rx – Identify, Understand and Manage the Cost on July 31, 2014

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Recap – Specialty Rx – Identify, Understand and Manage the Cost on July 31, 2014

Specialty Rx – Identify, Understand and Manage the Cost

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On July 31, the Coalition hosted an education program to help employers manage the complex specialty drug environment. A panel of national experts explained the current trends and strategies for employers to consider to get maximum value from their specialty spend. Currently, specialty drugs comprise 25-30% of total drug spend and are the fastest growing portion of all health care costs. Absent more active management, plan sponsors will see specialty drug spend double in the next five years. Several management strategies were outlined and discussed that could save plan sponsors up to 40% in specialty spend. Review the presenters’ slides for actionable steps employers can take to manage specialty costs.