Insight
Thousands of healthcare leaders are in Las Vegas this week for Asembia’s Specialty Pharmacy Summit, AXS24. CoverMyMeds is sharing the top takeaways from Monday’s key sessions highlighting patient support programs and specialty pipeline activity.
CoverMyMeds is publishing recaps of select sessions from Asembia’s Specialty Pharmacy Summit, AXS24.
One of the key themes at Asembia's Specialty Pharmacy Summit, AXS24, this year is the specialty pipeline, with sessions dedicated to the innovative trends that sustain it. From groundbreaking therapies for rare diseases to advancements in cell and gene therapies, biosimilars and GLP-1s, the specialty pipeline continues to reshape the healthcare system.
This year's Summit examines key industry trends, including regulatory pressures, commercialization challenges, the transformative power of AI, and the role of data-driven solutions in supporting the market. (Read our leaders’ thoughts on these topics.) However, the sustained growth of specialty drugs has also brought increased scrutiny on drug pricing, raising concerns about its impact on medication access and innovation.
The industry is navigating through a multitude of external forces, and the sessions at AXS24 offer a unique opportunity to explore the implications of these challenges. In this blog and the upcoming two blogs, Tuesday and Wednesday, we will share insights from key sessions.
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Presenter: Ray Tancredi, RPh, MBA, CSP, Divisional Vice President, Pharma Relations & Specialty Pharmacy Development, Walgreens
A perennial favorite session, Tancredi kicked off the first day of presentations by reviewing trends he’s seeing in the expansive specialty therapy pipeline. Throughout his presentation, he delved into specific drugs in development broken out by oncology, rare and orphan, traditional specialty, cell and gene therapies, and a new highlight for him this year, neurology.
The FDA, the pipeline and the complex therapies associated with it, have been amazingly consistent.
The development of new therapies brings new challenges for pharma – from provider utilization to the complex challenges of medication access, affordability and navigating a growing competitive marketplace.
Presenters:
How can patient services reduce friction to drug access? That’s the question Battaglia and Chaudhary explored in their presentation on the state of patient services programs.
Throughout their session, Battaglia and Chaudhary shared the results of market research from Two Labs and Clarivate that compared neurology therapies.[0]Paul Battaglia, Dee Chaudhary, April 29, 2024, Asembia Specialty Pharmacy Summit, The State of Patient Services Programs Serving Biopharma; 2024 Independent Benchmarking Read-Out
The therapies were assessed on four key dimensions: Consumer Needs, Accessibility, Satisfaction and Outreach. Clarivate also explored the growing use of technology and social media (a new criteria this year) as effective tools to meet the evolving needs of patients and healthcare practitioners. Based on the data from the study, Battaglia and Chaudhary discussed what makes a good hub service, which programs are leading the way, and what needs to be improved.
The impact of disease varies patient to patient. The diagnosis and treatment journey varies from patient to patient. Keeping the patient in the forefront will help us evolve and develop better programs.
Battaglia and Chaudhary stressed that it’s important for hub service providers to understand the voice of the patient and prescriber. Those learnings must be infused in how pharma designs their services and shares information.
Presenters:
Throughout the patient journey, it’s crucial that both the healthcare provider and the patient have a positive experience. This is where coordination between the hub and field reimbursement teams is key, so patients remain engaged with their patient support program during their entire journey.
While this session covered trends in the design, delivery and measurement of patient support programs that could enhance the healthcare provider and patient experience, the presenters also highlighted the significance of focusing on people and investing in their development to drive success in patient services programs.
Positive customer experience really comes back to the people. (The industry) has the cool data, innovative technology, data strategy, it’s all there, let’s make the reinvestment back in the people.
Improving the customer experience involves a collaborative effort. To ensure the overall success of patient support programs, it is crucial for pharma to view outsourced personnel as part of their team, invest in benchmarks and prioritize the development of all individuals dedicated to patient support programs.
The buzz surrounding AI at Asembia this year reflects its growing impact on our industry. Check out this additional exclusive content featuring CoverMyMeds' Chief Operating Officer, Chrissy Hand, providing insight on the role of AI in healthcare.
Read all of CoverMyMeds' daily updates from AXS24 at our Asembia 2024 Coverage page.