Description of Diplomat Pharmacy Inc's Business Segments
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.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
