Who owns Aeva Specialty Pharmacy?
Meet the Business Owner: Barbara D. For the last 7 years, Barbara has been a leader in the pharmaceutical space in the Las Vegas valley. Driven by a passion for innovation, she opened Aeva Specialty Pharmacy in 2014 to introduce an out-of-the-box approach to medication.
Why do I need a specialty pharmacy?
A specialty pharmacy provides medications used to treat rare or complex health problems. Many times, these meds aren’t used by many people, so a local pharmacy wouldn’t keep them in stock. These medicines may also: Need special handling by the pharmacist and you (special storage or dosage instructions, for example)
What qualifies as a specialty drug?
Specialty drugs or specialty pharmaceuticals are a recent designation of pharmaceuticals that are classified as high-cost, high complexity and/or high touch. Specialty drugs are often biologics—”drugs derived from living cells” that are injectable or infused (although some are oral medications).
How do specialty pharmacies make money?
A pharmacy benefit manager (PBM) pays the specialty pharmacy an ingredient cost reimbursement equal to a 17.4% discount from the average wholesale price (AWP). The specialty pharmacy also receives service and data fees from the pharmaceutical manufacturer plus a small dispensing fee from the PBM.
What is an example of a specialty drug?
Specialty drugs are often biologics—”drugs derived from living cells” that are injectable or infused (although some are oral medications). They are used to treat complex or rare chronic conditions such as cancer, rheumatoid arthritis, hemophilia, H.I.V. psoriasis, inflammatory bowel disease and hepatitis C.
How do I become a specialty pharmacist?
Licensing Requirements for Specialty Pharmacy Owners
- BSPharm or PharmD degree by an accredited college or university.
- No felony convictions.
- Current, active license in good standing.
- 3,000 hours of specialty pharmacy experience within 4 years.
- 30 hours’ continuing education in specialty pharmacy within the last 2 years.
Which specialty pharmacy is best?
Below is a ranking of the top 15 pharmacies generating the most revenue from dispensing specialty pharmaceuticals in 2019, according to the Drug Channels Institute.
- CVS Specialty — $43.9 billion.
- Accredo/ Freedom Fertility — $32.1 billion.
- AllianceRx Walgreens Prime/ Walgreens stores — $21.2 billion.
What makes a specialty pharmacy?
NASP defines specialty pharmacy as “a state-licensed pharmacy that solely or largely provides only medications for people with serious health conditions requiring complex therapies. Specialty medications have a complex profile that require intensive patient management and, in some cases, special handling.
Is specialty pharmacy profitable?
The financial opportunity associated with hospital-owned specialty pharmacy is generally lucrative when the volume is present. It is not unheard of for 340B hospitals and health systems to generate 40% – 50% margins on their oncology specialty business.