Hear from a pharmacy executive and clinical champion from Children’s National Hospital on why they chose to work with a specialty pharmacy program partner to improve specialty medication access and provide enhanced patient care.
Learn about the value of specialty pharmacy in this podcast featuring our VP of Industry Affairs, Mohammad (Mo) Kharbat. Mo shares insights on why specialty pharmacy is an important service to patients, how to build a comprehensive specialty pharmacy program, best practices for improving specialty drug access, and more.
Signature Healthcare patients and the surrounding community are enjoying convenient access to affordable prescriptions at the new pharmacy located at 110 Liberty Street in Brockton, MA. The pharmacy opened its doors in late August and has since served more than 450 patients.
Patients with chronic conditions, rare diseases or who otherwise have a need for specialty medications to improve their health are faced with many roadblocks. Specialty drug prices are rising, copays are increasing and patient financial programs are experiencing intense scrutiny, payment cuts and manufacturer restrictions. Having a dedicated pharmacy professional to help them navigate these roadblocks is crucial in a patient’s care journey.
In the United States, approximately 50 percent of pharmacy orders go unfulfilled. This results in two types of avoidable costs—the cost of drug inventory remaining on the pharmacy shelf and emergency or hospitalization costs for patients whose disease progresses due to poor medication access.
"As the nation's children's hospital, Children's National leads the future of pediatric health through its clinical excellence, transformative research, innovation and service to the community," explained Eric Manuel Balmir, PharmD, Vice President and Chief Pharmacy Officer for CNH. "We have been on a two-year journey to find a partner to build and operate a specialty pharmacy program. Clearway Health has redefined partnership and demonstrated that they will support our patients as an extension of CNH into the communities we serve."
With some hospitals citing annual losses in the billions and cutting jobs to stay afloat, it’s clear that we’re in a time of great hardship for many healthcare organizations. To keep these critical community partners out of the red, it’s time for services that create new and reliable revenue streams -- and to create them in time to make a difference. Boston Medical Center turns to specialty pharmacy; founds Clearway Health
"We have pledged a continued tradition of excellence to our patients and our community," Brent Smith, CEO of CCMH, shared. "Our partnership with Clearway Health will help us create excellent experiences for our patients on specialty medications along with the providers and care teams who support them on their care journey. Clearway Health is the ideal partner to provide specialty pharmacy services to our growing patient population."
“We are thankful and excited to partner with CCMH to create a specialty pharmacy program that extends pharmacy services beyond Lawton and throughout Southwest Oklahoma,” said Nicole Faucher, President of Clearway Health. “CCMH prides itself on putting the patient first and providing award-winning care. We share their purpose of putting people first and providing a patient-centered service to increase access to care, improve medication adherence and elevate health outcomes for the patients and communities that CCMH serves.”
"In less than 12 months, a safety net hospital improved medication adherence by 35%. With Clearway Health’s program in place, they exceeded industry and community benchmarks for medication adherence – jumping from 60% to 95%."
Cornerstone Health Solutions, an industry leader who builds and strengthens specialty pharmacy accelerator programs for hospitals and health systems, announced today that it has completed a major rebranding to become Clearway Health.