Serv"us" Providers
Thermo Fisher provides services to organizations across the Life Sciences industry however they are primarily known to many as this type of service provider that handles the outsourced production of products for pharmaceutical companies.
What is a CDMO or CMO?
Due to the pandemic, pharmaceutical manufacturers (and other industries) took a closer look at this over concerns products would not be produced as planned or get to patients as needed. Hint: Lou Arace wrote a blog on the top.
What is their supply chains?
AmerisourceBergen is comprised of many divisions and subsidiaries. This subsidiary is colloquially known as a "Hub" provider for pharmaceutical manufacturers and provides patient engagement and support services aligned to specific therapies/brands.
What is Lash?
Also due to COVID-19, pharmaceutical companies had to conduct decentralized versions of these research studies which usually involve human subjects.
What are clinical trials?
Boniva, an injectable used to treat osteoporosis from this company, is likely distributed via a specialty distributor such as Besse (ABC subsidiary). Hint: Navigate worked with this company and ABC to strengthen their relationship.
What is Genentech?
Life Sciences industry is known for its acquisitions. In recent years, this term has become a buzzword for the strategy whereby a company owns or controls its suppliers, distributors or retail locations to control its value or supply chain.
What is Vertical Integration?
A Navigate target account, this company is a competitor to Thermo Fisher in the contract manufacutring space.
What is Catalent?
The Sunshine Act is a 2010 United States healthcare law to increase transparency of financial relationships between pharmaceutical manufacturers and this group within the Life Sciences and Healthcare industry. The act requires manufacturers to collect and track all financial relationships or payments and report transactions to CMS.
Who are providers or physicians?
This organization type is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans or other Federal plans and works between health plans (such as Independence Blue Cross or AmeriHealth Caritas), pharmacies, and pharma manufacturers.
What is a PBM or Pharmacy Benefit Manager?
This section of the Public Health Service Act requires pharmaceutical manufacturers participating in Medicaid to sell outpatient drugs at discounted prices to health care organizations that care for many uninsured and low-income patients. This requirement continually faces criticism from pharma manufacturers due to a number of issues including "duplicate discounts"
What is the 340B Drug Pricing Program?