Armada Health Care Redefining the Specialty Pharmacy Trade Class.Armada An earlier brand name for laptop computers from Compaq. The line was noted for its quality and innovative features. Looking to Industry Stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. for Feedback by February 15, 2007 SHORT HILLS, N.J. -- Armada Health Care, a GPO focused solely on the specialty pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. segment, has taken the initiative to draft an industry definition for what is - and what is not - "Specialty Pharmacy." To validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data their findings, Armada is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. key industry stakeholders - specialty pharmacies, biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. manufactures, and specialty wholesalers and distributors - to complete a survey/questionnaire by February 15, 2007. The survey can be found on Armada's homepage, www.armadahealthcare.com, under the "Help Define Specialty Pharmacy" link. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lawrence Levine, Armada CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "We are excited to be undertaking this important project and believe that industry input is critical to helping us define an industry standard for Specialty Pharmacy." Based on survey feedback, we will present a draft definition at our upcoming 3rd Annual Specialty Pharmacy Summit to be held in Los Vegas from March 7 -9, 2007. Participants will have the opportunity to consider and formally adopt a consensus definition of Specialty Pharmacy that can be supported and embraced by industry stakeholders. Armada - Taking Specialty Pharmacy to a New Level In September 2006, more than 100 specialty pharmacy attendees crafted a comprehensive definition of specialty pharmacy during Armada's 2nd Annual Summit. Based on their findings, the summit identified four categories that comprise Specialty Pharmacy:
-- The Specialty Pharmacy Delivery Channel - what sets us apart from
traditional retail or other delivery models?
-- The Specialty Pharmacy Business Model - how do we measure success
in meeting the needs of our challenging customer base?
-- Specialty Patient Satisfaction - how do we measure success in
meeting the needs of our challenging customer base? and
-- The Specialty Pharmacy Service Model - how do we distinguish our
service in two ways, including the sub-categories
-- Clinical Service - focusing on pharmacological care, expert
fulfillment, and patient management
-- Administrative - handling the practical aspects of pharmacy
efficiently, with minimal trouble, and little or no adverse
impact on patient care.
Details on the summit findings can be obtained by going to www.armadahealthcare.com, under the "Specialty Summit Summary & Findings" link. About Armada Health Care - The Only "True" Specialty Pharmacy GPO Armada Health Care, the nation's first and only group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. dedicated to the Specialty Pharmacy marketplace has grown to become the market-leading specialty pharmacy GPO serving the emerging specialty pharmacy trade class. They have a membership base of over 300 Specialty Pharmacy locations nationwide and this base accounts for nearly $6 billion in annual specialty pharmacy spending, which represents approximately 20% of the specialty pharmacy market. Armada's unparalleled success is driven by pioneering new, never-before-seen Specialty Pharmacy contracts that provide enhanced profitability and prescription information management solutions. Armada also provides sophisticated and fully implemented data collection systems, and reporting that complements its strategic focus on the Specialty Pharmacy marketplace. |
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