Specialty drugs require advanced storage protocols and are oftentimes needed at a moment’s notice. In many instances, specialty drugs are ordered as emergency deliveries, which carries additional patient costs and quality risks. As spending on specialty drugs continues to grow and more are released into the market — specialty drug spending is expected to reach $419 billion in 2025, up from $301 billion in 2021, according to recent data — pharmacy leaders must account for these trends when developing their financial and operational strategies.

The consignment inventory model, an ultramodern and flexible approach to managing specialty medications, ensures these important medications are available when they’re needed most. Moreover, it can lead to effective drug cost control and decreased waste due to expired medications. For hospital pharmacies and specialty pharmacies alike, consignment models also drive more efficient, automated workflows for already lean pharmacy staff.

In this case study, sit in on a conversation between Cardinal Health and Terso Solutions experts as they discuss the impact technology-enabled consignment models have on specialty drug management.