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Team Archbow
  •  December 14

Effectively Navigate the Rapidly Evolving Pharmacy Market

Effectively Navigate the Rapidly Evolving Pharmacy Market
Effectively Navigate the Rapidly Evolving Pharmacy Market
The pharmaceutical industry is a lot of things, but “stagnant” isn’t one of them. In fact, what we often hear from biopharma customers is that the market evolves so quickly at times that it can be hard for their teams to keep up.
In recent years, the dispensing market, which now includes retail, specialty, hospital/IDN, infusion, digital, and HCP in-office dispensing pharmacies, has seen a rapid evolution in how care is delivered.
Manufacturers, either bringing new products to market, or optimizing existing product strategies, need as much insight as possible to best select the pharmacy networks that exceed the expectations of all stakeholders, especially patients, prescribers, and payers. That’s where a good industry consultant can help.

As a pharmaceutical consulting company, Archbow helps biopharma manufacturers develop dispensing strategies that navigate the rapidly evolving specialty pharmacy market. Our 360-degree approach includes a customized mix of strategic and tactical actions, such as:

    • Pharmacy network design
    • Biopharma market landscape assessments, including industry trends, competitive intelligence, analog research, real-world benchmarking, and market research
    • Operations and technology assessments for pharmacy programs
    • Pharmaceutical Fair Market Value assessments
    • Cost modeling for pharmacy programs
    • Biosimilar strategies
    • Specialty Pharmacy RFP management and vendor selection
    • Contract review and negotiation
    • Program implementation
    • Data definitions, analysis, and insights
    • Pharmacy program performance monitoring and analysis
Manufacturers need to approach pharmacy strategic planning in a way that is customized for their unique product and patient/prescriber populations. That’s where the right advisors, with unparalleled strategic and tactical experience, can make a genuine difference.

Learn more about our pharmacy team and the differentiators that matter most to manufacturers, and contact us today for assistance with your strategic and tactical pharmacy needs.

You can also learn more about Best Practices for Improving SP Program Performance and read our Health System Specialty Pharmacy Trend Report.

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

LDD SP for Rare Disease
Major Reduction in Aged Specialty Pharmacy Pending Referrals Drives $11M+ in Revenue
SP Network for Oral Oncolytic with Companion Needs
More

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

Control vs. Access: Why Clinical Characteristics Should Guide Specialty Pharmacy Strategy
Maximizing Specialty Pharmacy Contracts
9 Considerations When Designing Your Specialty Pharmacy Network

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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