What Is Walgreens Specialty Pharmacy?

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Author: Lorena
Published: 22 Dec 2021

The New Michigan Street NE Pharmacy

The new store at Michigan Street NE will be a specialty pharmacy that only sells specialty prescription drugs in a 2,000 square-foot space. The store is expected to open in August.

The growth of specialty pharmacy in the healthcare system

Specialty pharmacy is often the focus because of the high prices. The profits can be significant because the drug acquisition costs are so high. The American Society of Health-System Pharmacists' survey shows that 8.7% of hospitals have a specialty pharmacy operation.

Smaller hospitals are more likely to be in the specialty pharmacy business. Health systems are the fastest growing segment, with more than 2,500 accredited specialty pharmacies. There is a queue of applications for the two primary specialty pharmacy accreditors.

The Role of Distributed Distribution in the Sale and Delivery Of Specialty Drugs

Although most specialty drugs sold in a pharmacy are sold via specialty pharmacy, any licensed pharmacy can sell specialty drugs if the product can be purchased from a manufacturer or through an authorized wholesale distribution channel.

Cancer-Specific Pharmacy: A Comprehensive Approach to Survivor Care

Walgreens has designated more than 50 of its local specialty pharmacies as cancer-specialized locations, which means they have advanced cancer training and expertise. Patients can access and afford their medication at Walgreens cancer-specialized pharmacies, which help them transition into survivorship care. Walgreens can help with managing any medication side effects and can also help with finding financial assistance if necessary.

Prescription refilling with cold packs

Cold packs can be used for shipping even medications that need to be kept cool. If required, supplies such as needles, alcohol swabs, and sharps kits may be supplied. You can access your pharmacy profile online.

When it is time to refill your prescription, a nurse or a pharmacist will call you to remind you, and they will also check on your therapy progress. A specialty pharmacy works closely with the patient to provide a plan of care that maximizes their medical outcomes and safety. Your care coordination will work with your doctor to make sure your medication and dose are appropriate, screen for drug interactions, monitor for side effects, and make sure that your refill is processed quickly.

Integrated Specialty Pharmacy

Specialty and limited distribution medications are related to the growth of specialty pharmacy. Integrated specialty pharmacies will be adopted by more health systems to better manage their patient care. Specialty pharmacies are being integrated into health systems to facilitate collaboration between a team of doctors and pharmacists.

A health system specialty pharmacy provides more control over the clinical outcomes for patients due to continuous care provided by the doctors and the pharmacy. Health systems will need to evaluate whether an integrated specialty pharmacy is right for them as specialty pharmacies grow. Those that implement a specialty pharmacy will see higher adherence rates, an easier to manage reimbursement system, and possibly a reduction in risks.

A Personalized Medicine

Your specialty pharmacy will be in contact with you regarding your new medication, whether you have any questions, or if you are experiencing any adverse or side effects from the medication. The specialty pharmacy can provide you with free supplies and services, such as pen needles or alcohol swabs, refill reminders, and medical provider support from a nurse or pharmacist.

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