What is a specialty infusion pharmacy?

Specialty pharmacy medications treat complex and chronic health conditions. Infusion therapy pharmacists and nurses administer specialty medications in a variety of settings. Specialized clinical care along with educational support are important in infusion therapy care.

What is infusion in pharmacy?

Infusion therapy is when medication or fluids are administered through a needle or catheter. It’s a way of delivering medication that can’t be taken orally, or that need to be dispensed at a controlled pace.

What is the difference between a regular pharmacy and a specialty pharmacy?

What is Specialty Pharmacy? While retail pharmacies are for short-term illness, specialty pharmacies work with patients and physicians to provide medications for chronic and more severe illnesses. Specialty pharmacies serve patients with serious health conditions who require complex treatment therapies.

What is a specialty pharmacy drug?

A specialty medication is a prescription drug that is either a self-administered (non-diabetic) injectable medication; a medication that requires special handling, special administration, or monitoring; or, is a high-cost oral medication.

What is a specialty pharmacy example?

A specialty pharmacy is usually a subset of a larger health insurance provider, retail provider, or pharmacy benefit manager (PBM) that coordinates these services, although independent specialty pharmacies also exist. Some of the top Specialty Pharmacies in the U.S. include: CVS Caremark. Accredo.

Is infusion the same as IV?

Infusion is just like an IV drip; the only difference is that you don’t need to stay at a hospital for a couple of days. Infusions are offered by IV clinics and medical spas, and after the infusion, you can walk right out. You can visit any IV clinics to have an infusion scheduled.

Is infusion same as injection?

The big difference between an infusion and injection is the period of administration. On the one hand, injections are often done within minutes. On the other hand, infusions can take anywhere between 30 minutes to several hours.

What is the purpose of specialty pharmacy?

A specialty pharmacy provides medications used to treat rare or complex health problems. Many times, these meds aren’t used by many people, so a local pharmacy wouldn’t keep them in stock. These medicines may also: Need special handling by the pharmacist and you (special storage or dosage instructions, for example)

How are specialty drugs different from traditional drugs?

What is the difference between a traditional drug and a specialty drug? Traditional drugs are used to treat general health and chronic conditions, such as flu, diabetes or a common infection. Specialty drugs may be used to treat complex and rare diseases, such as cancer, multiple sclerosis and rheumatoid arthritis.

What is the difference between mail order and specialty pharmacy?

Most of these pharmacies offer mail order prescription medications and some offer a storefront location where you can pick up your medications. A specialty pharmacy is dedicated to helping patients with more serious or chronic diseases achieve better health outcomes.

What drugs are dispensed from a specialty pharmacy?

Specialty pharmacies deal with medications not typically found in retail pharmacies. These medications are usually high-cost products used to treat complex diseases. This includes chronic and rare conditions. Oral, injectable and infused medications are dispensed and regular follow-up is provided.

How do you qualify as a specialty pharmacy?

Licensing Requirements for Specialty Pharmacy Owners

  1. BSPharm or PharmD degree by an accredited college or university.
  2. No felony convictions.
  3. Current, active license in good standing.
  4. 3,000 hours of specialty pharmacy experience within 4 years.
  5. 30 hours’ continuing education in specialty pharmacy within the last 2 years.

How do I find my specialty pharmacy?

When choosing a specialty pharmacy, look for one that offers proactive education and clinical support for patients undergoing complex treatments. 2. Does the specialty pharmacy help with financial assistance? Specialty medications are costly and can create a significant financial burden for many people.

What is a local specialty pharmacy?

Local Health Specialty Pharmacy is a pharmacy where pharmacists store, prepare, and dispense medicinal preparations and/or prescriptions for a local patient population in accordance with federal and state law; counsel patients and caregivers (sometimes independent of the dispensing process); administer vaccinations; …

What is a specialty pharmacy hub?

Hubs are typically either standalone entities or they partner with specialty pharmacies. These operations serve as go-betweens for manufacturers and specialty pharmacies to assist patients in obtaining care and helping manufacturers provide a consistent experience to patients with respect to their medications.

What is an independent specialty pharmacy?

In summary, independent specialty pharmacies offer services and programs designed to maximize the patient’s medication journey in an individualized and caring way. It is this business model that provides an individualized, patient-centric focus of care.

How do specialty pharmacies make money?

A pharmacy benefit manager (PBM) pays the specialty pharmacy an ingredient cost reimbursement equal to a 17.4% discount from the average wholesale price (AWP). The specialty pharmacy also receives service and data fees from the pharmaceutical manufacturer plus a small dispensing fee from the PBM.

In what year was pharmacy identified as a distinct and separate specialty from medicine?

1240 AD. Pharmacy and Medicine are officially separated. King Frederick II, a powerful European ruler, issues an edict for the first time in Europe completely separating the professions of physicians and pharmacists, and issuing professional regulations for both.

When did specialty pharmacy begin?

Early specialty pharmacies began in the 1970s,1 and were known for preparing and delivering injectable products, serving populations with specific infusion needs like hemophilia, chemotherapy, and nutritional support services.

When did pharmacy become a profession?

The history of pharmacy as an independent science dates back to the first third of the 19th century. Before then, pharmacy evolved from antiquity as part of medicine.