While we see a decrease in spend for traditional drugs, specialty drug development and spend is at an all-time high accounting for over 45% of total pharmacy spend. Specialty drugs are used to treat conditions such as cancer, HIV, Multiple Sclerosis and Hepatitis C. Payers need to have a full understanding of their specialty drug spend and implement a multi-facet approach to manage specialty spend while ensuring the quality of care is not impacted to their population.
Quest Analytics Group provides a solution to assist clients in managing drug spend in the medical and pharmacy benefit. The Quest Specialty Drug Management Program goals are to reduce specialty drug waste due to over utilization, use of inappropriate drug channel, off label prescribing and billing errors. The Quest Specialty Drug Management program has saved clients 25-30% on their medical and pharmacy specialty drug spend.