Q Consulting Blog

Defining Your Specialty Pharmacy Market

When analyzing the viability of a specialty pharmacy at your hospital, one of the first steps to undertake is asking the question: “What type of patients, in my market, need specialty pharmacy services?”

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Personal Service is Better At Hospital-Owned Specialty Pharmacies

Hospital-Owned Specialty Pharmacies have one significant competitive advantage over the large, national, call-center-based models – Personal Service!

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Achieving Private Payer Success at Your Hospital's Specialty Pharmacy?

One question that we regularly receive from hospitals who are looking to enter the Specialty Pharmacy arena is: “I have heard from other hospitals that it is challenging to get paid. How do other hospitals manage payer challenges?”

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Four Reasons Why Your Hospital Should Be Looking at Specialty Pharmacy

Hospitals have been late entrants into the specialty pharmacy business, which is mostly dominated by the companies like Express Scripts, CVS Caremark (the market leader), and Walgreens. However, in the last year or two, there has been increased interest by hospitals, and now almost half of allfalse

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Hospital Specialty Pharmacy Interest Continues to Grow

Specialty Pharmacies are becoming of much greater interest to hospital systems. In 2016, about 1 in 11 hospitals had a specialty pharmacy. However, almost half of the country’s largest hospitals (600+ beds), especially those with an academic affiliation, have a specialty pharmacy business.

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3 Pharmacy Trends That are Threatening the Traditional Business Model

Pharmacies (like healthcare systems) all over the United States are dealing with three major trends that are threatening their traditional business model. Before your healthcare organization and its outpatient pharmacy can adapt to these emerging trends, you must come to fully understand them.false

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How Pharmacies Can Use Data to Drive Business Models

Pharmacies face a new chore as they look to transition from their traditional business models to one that is now needing more personalized service!

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The Integrated Patient Care Process for Specialty Pharmacies

Specialty pharmacies typically operate in one of three approaches to patient care; traditional, coordinated or integrated. Due to challenges with the traditional patient care process, specialty pharmacies have adjusted to more comprehensive approaches to care.

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The Coordinated Patient Care Process for Specialty Pharmacies

In recent years, specialty pharmacies began adopting a more comprehensive approach to patient care because of the challenges with the traditional care model. Specialty pharmacies have devoted most of their business to provide coordinated care. These pharmacies typically offer reimbursementfalse

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The Challenge with The Traditional Care Process for Specialty Pharmacies

Patient care processes needs to evolve to assure safety and effective use of specialty pharmaceuticals. There are three broad approaches to patient care that have emerged for specialty pharmacies; traditional care, coordinated care, and integrated care. These processes range from lessfalse

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