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There’s a New Drug Price Forecast in Town

01/23/20

In the past year, market dynamics such as unprecedented drug shortages, high-cost therapies and new regulations have kept health care organizations scrambling to successfully navigate these challenges. For several years, the semiannual Vizient Drug Price Forecast has provided valuable forecasting information related to drug price behavior to help relevant pharmacy stakeholders anticipate and adapt to the varied pressures that impact health care.

Next week, Vizient will publish the January 2020 Drug Price Forecast, which provides our projections of pricing behavior for July 1, 2020 through June 30, 2021, and discusses the most important issues that are likely to affect the cost and use of pharmaceuticals within and across your practice settings.

But this forecast will be slightly different with a new format for delivery of these valuable updates. Going forward, each January we will publish our drug price forecast and focus on supply chain and operational issues. The July editions also include a drug price forecast with additional content focused on changes in clinical practice behaviors. Both issues will still bring you the pricing and forecasting insights, provided by our team of market-leading subject matter experts that you rely on for your budgeting purposes.

In addition, further information related to the diverse pharmaceutical landscape will be shared regularly throughout the year, providing pharmacy stakeholders with opportunities for ongoing education and insights to help you plan better and budget smarter. These changes to the forecast structure enable us to maximize the range of expertise of our organization while providing the depth of insight in a manner that is as easily accessible and actionable as possible.

“Vizient is proud of the value we provide to our members and we remain committed to finding innovative approaches to meet the dynamic needs of pharmacy leaders,” said Steven Lucio, PharmD, BCPS, vice president, pharmacy solutions.

For more information about the Vizient Drug Price Forecast or how Vizient can help transform your pharmacy into a strategic asset, contact us today.

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