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Diplomat Pharmacy Inc's Business Segments
Diplomat Pharmacy Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2019
Reportable Segments
2
Largest Segment
Specialty Segment
Total Revenue
$ 1,301
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2019
- Specialty Segment95.6%
- Pbm Segment6.3%
Revenue by Reportable Segment - Q3 FY2019
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Specialty Segment | $ 1,243 | 95.6% |
| Pbm Segment | $ 83 | 6.3% |
Revenue by Product & Service Category - Q3 FY2019
- Oncology55.2%
- Specialty Infusion16.1%
- Other13.8%
- Immunology10.4%
- Retail Networks3.7%
- Specialty Pharmacy1.8%
- Mail Order0.6%
- Others Credit Derivatives0.2%
Revenue by Product & Service Category - Q3 FY2019
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Oncology | $ 719 | 55.2% |
| Specialty Infusion | $ 210 | 16.1% |
| Other | $ 179 | 13.8% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Diplomat Pharmacy Inc
Diplomat Pharmacy Inc. is a leading provider of specialty pharmacy and infusion services in the United States. The company was founded in 1975 and is headquartered in Flint, Michigan. Diplomat Pharmacy is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol DPLO.
Diplomat Pharmacy specializes in providing medication therapy management and clinical services to patients with complex and chronic conditions such as cancer, HIV/AIDS, hepatitis, multiple sclerosis, rheumatoid arthritis, and other autoimmune disorders. The company also provides specialty infusion services for patients who require medication through an intravenous route.
The company has a nationwide network of specialty pharmacies and infusion centers that allows it to provide personalized and convenient care to patients across the United States. Diplomat Pharmacy's team of experienced pharmacists and clinical staff work closely with patients, healthcare providers, and payers to ensure that patients receive the most effective and cost-efficient treatments available.
Diplomat Pharmacy places a strong emphasis on patient care, clinical excellence, and innovation. The company invests heavily in research and development to stay at the forefront of the latest medical treatments and technology. Diplomat Pharmacy also partners with healthcare providers and payers to develop customized solutions that improve patient outcomes and reduce healthcare costs.
Diplomat Pharmacy has received numerous awards and recognitions for its innovative and patient-centered approach to healthcare. The company has also been recognized for its commitment to diversity and inclusion, environmental sustainability, and corporate social responsibility.
In 2019, Diplomat Pharmacy was acquired by UnitedHealth Group, a leading diversified healthcare company. Under the ownership of UnitedHealth Group, Diplomat Pharmacy continues to provide high-quality specialty pharmacy and infusion services to patients across the United States.
Diplomat Pharmacy specializes in providing medication therapy management and clinical services to patients with complex and chronic conditions such as cancer, HIV/AIDS, hepatitis, multiple sclerosis, rheumatoid arthritis, and other autoimmune disorders. The company also provides specialty infusion services for patients who require medication through an intravenous route.
The company has a nationwide network of specialty pharmacies and infusion centers that allows it to provide personalized and convenient care to patients across the United States. Diplomat Pharmacy's team of experienced pharmacists and clinical staff work closely with patients, healthcare providers, and payers to ensure that patients receive the most effective and cost-efficient treatments available.
Diplomat Pharmacy places a strong emphasis on patient care, clinical excellence, and innovation. The company invests heavily in research and development to stay at the forefront of the latest medical treatments and technology. Diplomat Pharmacy also partners with healthcare providers and payers to develop customized solutions that improve patient outcomes and reduce healthcare costs.
Diplomat Pharmacy has received numerous awards and recognitions for its innovative and patient-centered approach to healthcare. The company has also been recognized for its commitment to diversity and inclusion, environmental sustainability, and corporate social responsibility.
In 2019, Diplomat Pharmacy was acquired by UnitedHealth Group, a leading diversified healthcare company. Under the ownership of UnitedHealth Group, Diplomat Pharmacy continues to provide high-quality specialty pharmacy and infusion services to patients across the United States.
Segments:
Diplomat Pharmacy Inc is a leading provider of specialty pharmacy and infusion services. It operates in two segments:
1) Specialty Pharmacy Services - This segment includes the dispensing of specialty drugs, managing patient medication therapy, coordinating patient care, providing clinical and administrative support to patients and providers, and managing reimbursement for medications. The segment caters to multiple therapeutic areas like Oncology, Immunology, Dermatology, Hematology, Neurology, Rheumatology, Gastroenterology, and Infectious Diseases.
2) PBM Services - Diplomat Pharmacy's PBM Services segment offers pharmacy benefit management solutions to self-insured employers, state governments, unions, and health plans. This segment coordinates pharmacy benefits and provides cost-effective solutions to payers, employers, and patients.
Products:
Diplomat Pharmacy Inc offers a wide range of products to its customers, which include:
1) Specialty Medications - It offers a broad range of medications used to treat chronic and complex diseases such as cancer, HIV, rheumatoid arthritis, Crohn's disease, psoriasis, multiple sclerosis, and others.
2) Infusion Therapies - Diplomat Pharmacy offers various infusion therapies like intravenous immunoglobulin (IVIG), chemotherapy, nutrition, hydration, and others.
3) Home Medical Equipment - Diplomat Pharmacy provides a range of durable medical equipment (DME) for patients with chronic conditions. These include oxygen therapy, enteral nutrition, ostomy supplies, and others.
4) Clinical Trials and Research - Diplomat Pharmacy also offers clinical trials and research services that help pharmaceutical companies bring their drugs to market by conducting clinical studies.
Services:
Diplomat Pharmacy Inc provides the following services to patients, providers, payers, and employers:
1) Medication Management - It offers a comprehensive medication management program that includes therapeutic monitoring, medication reconciliation, and personalized care plans.
2) Patient Education and Support - Diplomat Pharmacy provides patient education and support for patients taking specialty medications. It includes medication teaching, side effect management, and follow-up support.
3) Prior Authorization and Reimbursement Assistance - Diplomat Pharmacy provides prior authorization and reimbursement assistance services to help patients navigate complex insurance and reimbursement policies.
4) Clinical Support - It provides clinical support services like drug utilization review, formulary management, disease management programs, and clinical trials.
5) Specialty Pharmacy Benefits Management - Diplomat Pharmacy provides Pharmacy Benefits Management (PBM) services to employers and payers to help streamline benefits management and reduce the cost of specialty medications.
Diplomat Pharmacy Inc is a leading provider of specialty pharmacy and infusion services. It operates in two segments:
1) Specialty Pharmacy Services - This segment includes the dispensing of specialty drugs, managing patient medication therapy, coordinating patient care, providing clinical and administrative support to patients and providers, and managing reimbursement for medications. The segment caters to multiple therapeutic areas like Oncology, Immunology, Dermatology, Hematology, Neurology, Rheumatology, Gastroenterology, and Infectious Diseases.
2) PBM Services - Diplomat Pharmacy's PBM Services segment offers pharmacy benefit management solutions to self-insured employers, state governments, unions, and health plans. This segment coordinates pharmacy benefits and provides cost-effective solutions to payers, employers, and patients.
Products:
Diplomat Pharmacy Inc offers a wide range of products to its customers, which include:
1) Specialty Medications - It offers a broad range of medications used to treat chronic and complex diseases such as cancer, HIV, rheumatoid arthritis, Crohn's disease, psoriasis, multiple sclerosis, and others.
2) Infusion Therapies - Diplomat Pharmacy offers various infusion therapies like intravenous immunoglobulin (IVIG), chemotherapy, nutrition, hydration, and others.
3) Home Medical Equipment - Diplomat Pharmacy provides a range of durable medical equipment (DME) for patients with chronic conditions. These include oxygen therapy, enteral nutrition, ostomy supplies, and others.
4) Clinical Trials and Research - Diplomat Pharmacy also offers clinical trials and research services that help pharmaceutical companies bring their drugs to market by conducting clinical studies.
Services:
Diplomat Pharmacy Inc provides the following services to patients, providers, payers, and employers:
1) Medication Management - It offers a comprehensive medication management program that includes therapeutic monitoring, medication reconciliation, and personalized care plans.
2) Patient Education and Support - Diplomat Pharmacy provides patient education and support for patients taking specialty medications. It includes medication teaching, side effect management, and follow-up support.
3) Prior Authorization and Reimbursement Assistance - Diplomat Pharmacy provides prior authorization and reimbursement assistance services to help patients navigate complex insurance and reimbursement policies.
4) Clinical Support - It provides clinical support services like drug utilization review, formulary management, disease management programs, and clinical trials.
5) Specialty Pharmacy Benefits Management - Diplomat Pharmacy provides Pharmacy Benefits Management (PBM) services to employers and payers to help streamline benefits management and reduce the cost of specialty medications.