Specialty Pharmacies: A Health System Catalyst for Growth

With the ongoing trajectory of specialty medication growth continuing, health systems need a strategy to capitate expenses or maximize revenue opportunities to offset these increasing supply costs. Outpatient specialty pharmacies are often an overlooked, yet high-reward opportunity for hospitals to better serve their communities and employees. The right specialty pharmacy strategy can be a tremendous catalyst for health system growth and expanding patient care in their communities.

An optimal specialty pharmacy strategy improves the patient experience in multiple ways. Yet some health systems are missing out on these opportunities. Common challenges are labor shortages, a lack of specialty pharmacy operational expertise, and limited on-site resources to address the complexities associated with operating a specialty pharmacy.

However, the right help and expertise can effectively enable a specialty pharmacy strategy: delivering better community access, financial stability, new revenue opportunities, cost savings for self-insured systems and improving the patient journey for better patient outcomes. Remote support options, like specialty pharmacy hub models, make it easier to optimize your hospital’s specialty pharmacy strategy.

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