Diplomat Pharmacy
Diplomat Pharmacy is a healthcare company that specializes in pharmaceutical services. It is one of the largest independent providers of specialty pharmacy services in the United States. The company's primary focus is on medication management programs for individuals with complex chronic diseases, including oncology, immunology, hepatitis, multiple sclerosis, HIV, specialized infusion therapy and many other serious or long-term conditions.
History[edit | edit source]
Diplomat Pharmacy was founded in 1975 by Dale Hagerman and his son, Phil Hagerman. The company started as a single store in Flint, Michigan, and has since grown to become a nationwide provider of specialty pharmacy services. In 2014, Diplomat Pharmacy became a publicly traded company on the New York Stock Exchange.
Services[edit | edit source]
Diplomat Pharmacy provides a range of services to patients, physicians, pharmaceutical manufacturers, and health plans. These services include:
- Pharmacy Benefit Management (PBM): Diplomat Pharmacy offers PBM services to manage the cost and utilization of prescription drugs. This includes formulary management, drug utilization review, and medication therapy management.
- Specialty Pharmacy Services: The company provides specialty pharmacy services for patients with complex chronic conditions. This includes patient education, medication adherence programs, and clinical support.
- Infusion Therapy Services: Diplomat Pharmacy offers home infusion therapy services for patients who require intravenous or subcutaneous administration of medications.
Business Model[edit | edit source]
Diplomat Pharmacy's business model is centered around providing personalized care to patients with complex chronic conditions. The company works closely with physicians, pharmaceutical manufacturers, and health plans to ensure that patients receive the right medication at the right time. Diplomat Pharmacy also provides comprehensive patient support services, including financial assistance programs, to help patients access their medications.
See Also[edit | edit source]
References[edit | edit source]
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Contributors: Prab R. Tumpati, MD
