Streamlining operations in specialty

CoverMyMeds empowers specialty pharmacies with solutions that streamline operations and simplify the demands of dispensing high-cost, high-touch therapies.

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Pharmacist accesses specialty biologics medication from cold storage

The challenge

With the rapid rise of specialty medications and their expanding role in patient care, specialty pharmacies are more critical than ever in navigating prior authorizations and care coordination. Managing these high-cost, high-touch therapies while ensuring compliance requires precise, data-driven solutions. To meet growing industry demands and improve patient outcomes, specialty pharmacies need integrated, automated tools that streamline operations, enhance efficiency and enable personalized support.

75%
of newly launched drugs^{[0]Szczotka, Andy. Navigating the Rapid Growth of Specialty Drugs: Opportunities, Challenges, and the Path Ahead.' Pharmacy Times, 30 Aug. 2024}
Current estimates expect specialty medications to represent more than 75% of newly launched drugs in the next 5 years.
56%
of drug spend is specialty medications^{[0]Nelson, Josh, et al. “Navigating the Complexities of the Specialty Drug Market.” THL, 17 May 2024}
$68B
value of the specialty market^{[0]Nelson, Josh, et al. “Navigating the Complexities of the Specialty Drug Market.” THL, 17 May 2024}

Specialty pharmacy solutions

We deliver solutions that help streamline high-touch workflows, optimize reimbursement and improve patient care coordination — supporting the increasing demands on pharmacies dispensing complex, high-cost therapies.

Reduce pharmacy audit risk
Audit protection technology actively monitors common triggers at the point of dispense, so you can maintain prescription accuracy on the front end.
Protect reimbursement
We monitor average wholesale price (AWP) changes for you and help you recover lost dollars on third-party transactions by reviewing, reversing and resubmitting claims.
Improve workflow efficiency
Our solutions integrate directly into your pharmacy’s workflow, minimizing friction in the process and clearing paths for your team to dispense medication.
Increase patient access
Automated solutions that can help reduce out-of-pocket costs and overcome claims adjudication barriers — streamlining prior authorization and reducing affordability barriers so therapy can start sooner.
Reduce medication errors
Improve pharmacy compliance with technology that checks for potential errors in real time during the prescription medication process.
Enhance patient wellness
Providing real-time clinical and consumer safety notifications to pharmacists at the point of dispensing to facilitate more effective patient education.

Patient uses credit card to pay for medication at the pharmacy counter

Solution spotlight: eVoucherRx™

eVoucherRx from CoverMyMeds automatically applies electronic coupons for selected brand-name medications when the prescription is processed by the pharmacy system. In 2024 alone, it saved patients over $4.3 billion, helping to reduce patients’ out-of-pocket costs and avoid prescription abandonment without taking staff out of their normal workflow.^{[0]Aggregated gross eVoucher savings, 2024}

“Pharmacies can absolutely count on us to set up their systems in a way that helps them grow and meet the changing needs and expectations of today’s patients.”

Kristina Crockett, Vice President of Product Management at CoverMyMeds