The Specialty Drug Distribution report supplies business outlining, requirements, contact information and product image of important manufacturers of Specialty Drug Distribution. 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. Similarly, specialty pharmacy practice has evolved rapidly since the turn of the century. A report by America's Health Insurance Plans (AHIP) projected that drug spending in the US will grow to $590 billion by 2020, up from $337 billion just a few years ago. Many are self-adminis-tered injectable and oral therapies. Net medicine spending was $1,044 per person, up 0.9% or $10 from 2017. 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. 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. 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 … 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. 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. 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. Preparing for 2020 Specialty Drug Spend. On October 13, 2020, Drug Channels Institute will release The 2020–21 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. Health systems, including inpatient and non-acute environments, can expect a 4.57% increase in pharmaceutical spend for 2020. Specialty drug price inflation is predicted to be 4.23 percent in 2020. Specialty drugs expenses tend to cost more than nonspecialty drug expenses. anytime soon. But it is also a time for thinking ahead and thinking anew. In 2018, medicines spending growth in the United States rebounded to 4.5% on a net basis, while growth at the invoice-level was 5.7%. Vizient, which revealed that finding in its recent 2019 Drug Price Forecast, predicts a continued growth of pharmaceutical costs that far … By 2018, specialty drugs are expect-ed to account for half of the total drug spend in the United States. 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