The use of specialty medicines grew by 5%, more than twice the rate of other drugs, and now represents 2.2% of volume. Many are self-adminis-tered injectable and oral therapies. At Abarca, we very deliberately take the fourth quarter of the year to assess what we have learned and find new, better ways to apply it. By 2018, specialty drugs are expect-ed to account for half of the total drug spend in the United States. Specialty drug prices will continue to rise. the need to use a "specialty" pharmacy to determine if your medicine is covered by insurance; and the confusion grows. The Specialty Drug Distribution report supplies business outlining, requirements, contact information and product image of important manufacturers of Specialty Drug Distribution. Net medicine spending was $1,044 per person, up 0.9% or $10 from 2017. 19.1 percent increase in specialty pharmacy benefit spend in 2019 11.6 percent projected annual specialty growth rate over the next three years 86 percent of total specialty spend … We anticipate that as overall specialty spend grows from about a third of total drug spend to more than half by 2020, this ratio will remain about the same. Drugs that are injected or infused in a medical setting (such as a doctor’s office or outpatient hospital facility) are customarily billed under the medical benefit. But it is also a time for thinking ahead and thinking anew. On October 13, 2020, Drug Channels Institute will release The 2020–21 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. • Less than 1% of prescriptions filled in 2012 were for specialty medications, yet they accounted for 25% of total prescription drug expenditures. Preparing for 2020 Specialty Drug Spend. Specialty drug price inflation is predicted to be 4.23 percent in 2020. anytime soon. Specialty drugs expenses tend to cost more than nonspecialty drug expenses. Health systems, including inpatient and non-acute environments, can expect a 4.57% increase in pharmaceutical spend for 2020. This report—our eleventh edition—remains the most comprehensive, fact-based tool for understanding and analyzing the large and growing U.S. pharmaceutical distribution industry. Vizient, which revealed that finding in its recent 2019 Drug Price Forecast, predicts a continued growth of pharmaceutical costs that far … It is anticipated that by 2020 specialty pharmaceuticals will represent 50% of all US drug expenditures for only 2% to 4% of the population.3 Many of these drugs are utilized in the ambulatory setting. The top three therapy classes – inflammatory conditions, multiple sclerosis By 2019 or 2020, specialty drugs are expected to represent 50% of plan sponsors’ overall drug spend. 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