
AXS24 Highlights: Key Insights Reshaping Specialty Pharmacy
Innovation in the specialty pipeline, drug costs, health care policy updates, and collaboration were key topics at this year's Asembia Specialty Pharmacy Summit.
Pharmacy, managed care, and health care technology stakeholders descended on the Wynn Las Vegas April 28 to May 2 for AXS24, the 20th Asembia summit and the see-and-be-seen annual pharmacy industry conference. You can click over to The American Journal of Managed Care®’s
Drug Topics
Drug Costs. There has been much innovation in the specialty pipeline as of late, with notable drug approvals often resulting in high care costs for patients and health systems alike. In an interview, Bill McElnea, vice president of population health at Shields Health Solutions, reiterates the importance of health system specialty pharmacies for reducing care costs and of patients adhering to their medications, which is closely connected to reduced complications, hospital trips, physician visits, “and this had a real bearing on costs,” he emphasized. You can see his interview
Specialty Pipeline. There has been much innovation in the specialty pharmacy space as of late, including approvals for rare and orphan drugs, oncology, and traditional specialty medications. In the session, “The Specialty Pharmacy Pipeline 2024,” Ray Tancredi, RPh, MBA, CSP, divisional vice president, Specialty Pharmacy Development & Brand/Rx Vaccine Purchasing, Walgreens, discussed the ever-evolving specialty drug pipeline, with emphasis on continuous innovation through drug mechanisms of action and first-in-class medications. Advancements that he highlighted included those for Alzheimer disease and several rare/orphan diseases, cell and gene therapy, and a steady pipeline of oncologic therapeutics.
Collaboration. Autumn Zuckerman, PharmD, BCPS, CSP, director, Health Outcomes at Vanderbilt Specialty Pharmacy, and her colleagues discussed the drawbacks of using a siloed approach to patient care in their session, “From Silos to Solutions: A Collaborative Approach to Specialty Medication Care.” Instead, collaborations between health-system specialty pharmacies and drug manufacturers can help to optimize patient monitoring and improve patient outcomes. In
Managed Healthcare Executive
Health Care Policy. In this election year, potential outcomes of the Inflation Reduction Act under either a second term with President Joe Biden or President Donald Trump term remain up for debate. The legislation was noted to be “the most significant change in terms of how we pay for drugs in this country that we’ve had in a number of years,” in
Teamwork. In his
GLP-1s. Glucagon-like peptide 1 (GLP-1) medications, as they are used to treat diabetes and obesity, have become the significant drivers of increased drug expenditures as of late, according to John Mahrt, president and chief operating officer, Optum Rx, in the session, “Addressing Cost & Accessibility for Innovative Medicines – GLP-1s and Beyond” and
Pharmacy Times
Women’s Health. As a health care investment and priority,
Biosimilar Lifecycles. In “Leadership and Adapting to a Changing Biosimilar Industry,” Accord Healthcare’s Chrys Kokino, president, noted that although
Pulmonary Arterial Hypertension. Despite a 2019 update to the criteria on what is considered pulmonary hypertension at the 6th World Symposium on Pulmonary Hypertension—the indication is now a mean pulmonary arterial pressure above 20 mm Hg, down from 25 mm Hg—
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