Closing the access gap
Stat Specialty Cloud is a digital health platform for accelerating patient access to specialty pharmaceuticals.
Every day, over half-a-million prescriptions for specialty drugs prescribed to patients in the United States are denied by insurance due to prior authorizations (PA). These prescriptions account for less than 10% of dispensed medications and represent a significant improvement in patient treatment adherence, adverse drug management, and outcome for patients dealing with complex diseases such as Cancer, Hepatitis C, Rheumatoid Arthritis, and Crohn's diseases.
To obtain prior authorization doctors are required to contact patient’s insurance, and 90% of those interactions happen by fax, telephone or other manual processes which leads to treatment delays or insurance payment denials for technical reasons or insufficient patient data. Patients denied access often ends up with lesser effective drug therapies, making PA a major last-mile challenge for patient access to important treatments.
We started Stat Specialty to close the access gap by delivering a more reliable prescription payment outcome.