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Specialty Drugs (United States)
Specialty drugs or specialty pharmaceuticals are a recent designation of pharmaceuticals that are classified as high-cost, high complexity and/or high touch. Specialty drugs are often biologics—"drugs derived from living cells" that are injectable or infused (although some are oral medications). They are used to treat complex or rare chronic conditions such as cancer, rheumatoid arthritis, hemophilia, H.I.V. psoriasis, inflammatory bowel disease and hepatitis C. In 1990 there were 10 specialty drugs on the market, in the mid-1990s there were fewer than 30, by 2008 there were 200, and by 2015 there were 300. Drugs are often defined as specialty because their price is much higher than that of non-specialty drugs. Medicare defines any drug for which the negotiated price is $670 per month or more, as a specialty drug which is placed in a specialty tier that requires a higher patient cost sharing. Drugs are also identified as specialty when there is a special handling requirement or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-touch
High-touch refers to the involvement of personal attention and service. In business, the term often refers to situations where trust between the customer and employed individual(s) is necessary. High-touch areas include: medicine, wealth management, real estate, and legal. Stock trading done by humans, as opposed to automated trading or using online brokers, is also referred to as high-touch. Origins The term was coined in 1982 by John Naisbitt in his book ''Megatrends''. It was explored further by Naisbitt in his follow-up book ''High Tech/High Touch''. In medicine High-touch may also refer to the frequency in which a surface is touched. In pharmacology, high-touch may refer to medicines that require temperature control, ongoing drug management, or compliance monitoring. Related to High-Tech High-touch was coined as a term in response to "high tech." High-tech High technology (high tech), also known as advanced technology (advanced tech) or exotechnology, is technolog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |