CarelonRx is effectively managing specialty drug costs through strategic investments in key partnerships and technologies. Their approach focuses on an integrated, whole-health experience, thus promising better health outcomes while keeping the financial burden at bay.
High-touch care, stringent cost management
Specialty drug management has always had high-cost implications. But CarelonRx is addressing this with its comprehensive strategy that mixes high-touch care for the most vulnerable members and stringent cost management.
"We have invested, and continue to invest, in capabilities, partnerships, and companies that allow us to deliver on our mission," highlighted Alex Bolorchi, Staff VP, Clinical Pharmacy Services. This clearly demonstrates CarelonRx's commitment to controlling factors that influence a connected, whole-health experience.
Bidirectional connectivity yields gains
A substantial part of this commitment is the company's focus on fostering prominent provider relationships. CarelonRx has been working diligently with healthcare providers to streamline specialty drug prior authorization processes. This improved bidirectional connectivity via their electronic medical records (EMR) systems is set to bring efficiency gains, resulting in better closure of care gaps.
This holistic approach that connects the dots from specialty drug cost management to the strengthening of provider relationships draws a larger picture of whole health, an initiative that CarelonRx is dedicatedly pursuing.
Informed decision making through technology
CarelonRx's approach also includes technological innovations. Tech adoption helps them unlock intelligent insights for more informed decision-making, thus adding to their integrated approach to healthcare.
CarelonRx's approach to specialty drug cost management, its pursuit of strategic partnerships, and use of innovative technologies are apt examples of how healthcare companies can pivot in an era demanding greater transparency, cost-effectiveness, and patient-centric care. It is indeed a well-rounded approach, striving for a healthier future with fewer barriers.
