by Team PCM | Dec 15, 2020 | Blog Post, Data Analytics
This year has been, in a word, unique. Fortunately, time marches on, and a new year is around the corner. This article looks forward to some of the trends and projections impacting pharmacy plan management in 2021. Specialty Medications Specialty drug prices will...
by Team PCM | Nov 17, 2020 | Blog Post, Pharmacy Benefits
There are six significant stakeholders in the complex drug distribution system: pharmaceutical manufacturer, plan sponsor, pharmacy, PBM, wholesaler, and patient. Whether paying for prescriptions or determining the price of medications, each stakeholder plays an...
by Team PCM | Oct 9, 2020 | Blog Post, Pharmacy Benefits
The cost of prescription medications is rising, but one sub-set of drugs may be disproportionately eating away at financial resources. Specialty drugs cost an average of $79,000 per year. What are specialty drugs, and what (or who) controls their high price tags? What...
by Team PCM | Aug 5, 2020 | Blog Post, Data Analytics
Experts have long predicted the demise of the spreadsheet; information silos, slow turnaround, and incomplete reporting replaced by AI and big data. However, the spreadsheet is not going quietly into the night. A recent study of over 1,000 executives showed that 62%...
by Team PCM | Jun 22, 2020 | Blog Post, Data Analytics
As some states lift stay-at-home orders amid growing numbers of COVID-19 cases, scientists worldwide are working on potential treatments and vaccines. The complexity of drug development and manufacturing makes it unlikely that a new therapy specific to coronavirus...
by Team PCM | May 6, 2020 | Blog Post, Data Analytics
Even before COVID-19 wreaked havoc on the United States’ healthcare system, the availability and price of prescription drugs were a concern for many people. This concern is growing in the aftermath of panicked stockpiling of some medications, and a sudden lack of...
