Washington, DC (PRWEB) September 16, 2014
The rapidly increasing cost of compounded medications has become a chief concern for health plans, employers and PBMs as spending on these specialized drugs has catapulted to the top of their drug lists. Once a concentrated, patient-specific practice, compounding has become commonplace in the industry. The Sept. 25 webinar from Atlantic Information Services, Inc. (AIS), “Controlling the Cost of Compounded Medications: Health Plan/Employer Strategies,” will offer details of what one leading health insurer and its internal PBM are doing to tackle this trend driver, and what two pharmacy experts are advising their plan sponsor clients when it comes to containing compound spending.
During 60 minutes of expert presentations followed by 30 minutes devoted to individual questions, Susan Maddux, Pharm.D., chief pharmacy officer for UnitedHealthcare Pharmacy, and Brian Solow, M.D., F.A.A.F.P., chief medical officer at OptumRx, the PBM unit of UnitedHealth Group, along with Pharmaceutical Strategies Group LLC’s (PSG) Joshua Golden, pharmacy benefit consultant, and Jeff Legg, R.Ph., vice president of consulting services and labor practice lead, will provide reliable answers to these and other key questions:
- Why is spending on compounded medications rising so rapidly? Who is benefiting from them financially?
- What strategies are payers and purchasers using to control the use of compounded drugs while preserving access for patients who need them?
- What are some of the “heavy hitters” when it comes to compound ingredients that are driving up expenditures?
- How can payers monitor their pharmacy network to identify high-compounding pharmacies and ensure that they are acting appropriately?
- What kinds of edits can payers put in place to ensure valid claims submission?
- How can plans work with clinicians to encourage the appropriate prescribing of compounded medications?
- What steps have UnitedHealthcare and OptumRx taken to address compounded medications through a unique, integrated approach?
Visit http://aishealth.com/marketplace/c4p34_092514 for more details and registration information.
Atlantic Information Services, Inc. (AIS) is a publishing and information company that has been serving the health care industry for more than 25 years. It develops highly targeted news, data and strategic information for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. AIS products include print and electronic newsletters, websites, looseleafs, books, strategic reports, databases, webinars and conferences. Learn more at http://www.AISHealth.com.