Manulife Partners with Bayshore Healthcare for Specialty Drug PlanBy Andrew Rickard | August 22 2014 01:58PM
Manulife Financial is partnering with Bayshore HealthCare to deliver a specialty drug care program that will feature case management services and preferred pricing for high-cost drugs.
On August 21, the insurer announced that had entered into an exclusive partnership with Bayshore to provide extra care for people with complex medical conditions that are being treated with expensive, specialty drugs.
The services provided by Bayshore will include case management, education, health coaching, side-effect management, medication adherence, and regular follow-ups. The Bayshore network will also provide both preferred pricing and logistical support to help deliver medications to patients at their homes, or at infusion clinics, doctor’s offices, and preferred pharmacies.
Lisa Callaghan, assistant vice president of product group benefits at Manulife, says the program will help to contain costs for benefit plan sponsors and members. “With specialty drug costs increasing by 10% year-over-year, managing this trend is becoming increasingly important,” she comments.
The program will begin operating later this year.