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Team Archbow

• September 06

Risk vs. Reward: A Must-Have Contracting Guide for Specialty Pharmacy Services

Four essential contracting best practices for achieving financial savings and long-term protection for manufacturers and SPs

New whitepaper from Archbow Consulting is available for download now.

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Four essential contracting best practices for achieving financial savings and long-term protection for manufacturers and SPs

Risk vs. Reward: A Must-Have Contracting Guide for Specialty Pharmacy Services

As advisors to organizations in the biopharmaceutical space, our clients often turn to our team of Specialty Pharmacy (SP) experts for assistance and guidance in contract creation, negotiation, and renegotiation. When approached strategically, contracting with specialty pharmacy networks can be an opportunity to positively impact patient experience, hold SPs accountable for various service level requirements, and assure the best possible time to fill and adherence rates. Ensuring everyone is aligned on what services the pharmacy will provide as part of its standard offering is essential. From there, enhanced services should be segregated and clearly defined. Eliminating ambiguity protects all stakeholders.

In this whitepaper, experts from Archbow Consulting detail four essential contracting best practices for achieving financial savings and long-term protection for manufacturers and SPs.

The Must-Have Contracting Guide for Specialty Pharmacy Services whitepaper:

- Details the difference between core and enhanced services
- Ensures all stakeholders understand Fair Market Value
- Provides critical steps to align contracts successfully
- Offers a consistent process for annual contract evaluations

The whitepaper is available for free download now.

Contracting with SP networks can be challenging to understand. Archbow’s SP experts can help manufacturers and SPs navigate this evolving space by developing an FMV process that reviews current contracts and service fees, defines core and enhanced services, and obtains a customized FMV assessment.

Market trends and the value of services are constantly changing, and Archbow has the experience and expertise to ensure your organization is set up for financial success. Contact us today if our expertise in this space can help your team.

For additional insights on this topic, you may also enjoy the following:

Specialty Pharmacy Services Fair Market Value Benchmark Report

Best Practices for Improving Program Performance Through Well-Managed SP Relationships

6 Essential Strategies for Successful Clinical Adherence

Archbow Consulting helps pharmaceutical and biotech companies in the USA and Europe design, build, and optimize product distribution and patient access strategies. Archbow was founded by industry veterans to meet a need in the marketplace for consulting options that offer diverse real-world experience, are able to leverage deep connections across the industry, and can also provide actionable strategic guidance. We invite you to learn more about our team, services, and clients’ success, and connect with us via email, LinkedIn or subscribing to this blog which you can do below.

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