Specialty Market

Specialty Market

The introduction of specialty drugs and biosimilars is transforming the market and our training provides the insight your sales teams need on the unique market factors along with the skills needed to adapt to this dynamic market.

Job Aid: Partnering with Specialists

Specialty sales requires a sophisticated, customer-driven approach that can elevate your role as a healthcare sales professional. This tool provides some advice to help you speak the language of specialists, offer meaningful support to practices, and work collaboratively in the field.

Protecting Market Access as Biosimilars Emerge

The entry of biosimilars into the US marketplace will likely create a more competitive environment that could affect market access for all products in a therapeutic category. This module describes some of the strategies that biopharmaceutical companies might use to protect market access and identifies opportunities for sales teams to continue to serve their customers in the face of greater competition.

Specialty Drugs: Distribution and Reimbursement

This module describes how distribution and reimbursement differ under the medical ("buy-and-bill") and pharmacy benefit models. It explains why these models, which were designed for traditional drugs, become problematic when used to distribute and reimburse specialty drugs. It views these issues from the perspectives of payers, providers, and patients. Finally, it looks at current attempts to adapt and adjust these models to better fit the needs of the specialty drug supply chain.

The Cost of Specialty Drugs

The cost of specialty drugs has come under scrutiny from payers, providers, and the public. To address these concerns, you first need to understand what contributes to the cost—and how that cost is managed. This module describes some of the key issues, including:
• The factors that contribute to higher specialty drug costs.
• How payers manage these costs.
• The implications for sales teams.

The Dynamics of the Specialty Supply Chain

To construct a persuasive value proposition for a specialty drug, you first need to understand the “business of specialty drugs.” This module describes the business systems that move specialty drugs through the market, including:
• How specialty drugs are distributed and reimbursed through the medical benefit (“buy-and-bill”) or pharmacy benefit.
• How decisions are made in the supply chain.
• The role support services play, such as in-patient adherence assistance and data management.

The Entry of Biosimilars into the US Market

More biosimilars are expected to enter the US market in the coming years, potentially creating a more competitive market for biologic products and other competitive products. Understanding the basics of biosimilars is crucial for sales teams with products that treat conditions such as rheumatoid arthritis, anemia, inflammatory bowel disease, skin conditions, and some cancers. This module explains how biosimilars are developed and the key concept of interchangeability. It also describes how customers view the emergence of biosimilars, including their expectations for how the products could affect healthcare costs in the US.

Thought Leader Insights: Navigating and Selling in Today’s Specialty Market

Thought Leader Insights are a collection of podcasts that give you a glimpse into the discussions that industry leaders are having on important topics. In this collection, experts discuss recent changes in the specialty pharmaceuticals market and explore opportunities they present for healthcare sales teams.

Understanding Buy and Bill

The “buy-and-bill” model can be somewhat difficult to comprehend, but understanding how specialty products and payments flow through the supply chain is essential to your role as a pharmaceutical sales professional.

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