|Source: BCBS Prescription Drug Costs Trend Update Report|
Employers must consider the following four key factors in their evaluation of specialty pharmacies:
1. Specialty drug spending at the patient, drug and therapeutic category levels. In this case, employers should compare the rebates passed through by non-fiduciary PBMs and those from fiduciary-model PBMs.
2. Clinical outcomes and the value realized from the specialty drug spend.
3. Savings from unnecessary or avoided hospital, clinic, and emergency room visits.
4. Patient and provider satisfaction.
Ensuring only high-performing specialty pharmacies in PBM pharmacy networks benefits both employers and patients, as a result of improved patient adherence and the elimination of wasteful Rx spending.