Specialty Compass is an easy-to-use tool built for the generalist that can also deliver the detailed insights necessary to understand savings opportunities. It normalizes and aggregates medical and pharmacy specialty drug claims. It also leverages real-time analytics to provide clear areas of opportunity and precise calculations on available savings based on adoption of various solutions available in-market. Thus, it enables users to identify and select the exact solutions they need to implement to impact their spending.
How it works
Any holistic view of drug spending needs to include a historical view of spending. Specialty Compass provides users with a comprehensive, up to 5-year historical view of their specialty drug spend. This enables clients to understand their spending from different viewpoints.
Specialty Compass users can dive deep into demographic data, looking at how the percentage of spending attributed to utilizers of high-cost specialty medicines has progressed over time. Alternatively, they can isolate spending at the drug class level, examining how classes such as oncology and anti-inflammatory medications are impacting their overall spend. Another option is to break out spending by site of care. Studies show drugs administered in hospital settings often cost two-to-three times more than the same drug when administered elsewhere.
Users of Specialty Compass can also benchmark their spending relative to their peers. This is enabled by a proprietary scoring algorithm designed to provide client-level benchmarking.
Specialty Compass is designed to be configurable and personalized. Clients can slice their own specialty data and rapidly identify the specific opportunities they need to reduce their trend. With this more granular view of their own data, they can prioritize the unique Optum Rx solutions most impactful for their specialty drug management strategy.
When used by customers of Optum, Specialty Compass brings more capabilities than a stand-alone analytic solution. Users can model, in real-time, how implementing various pharmacy benefit solutions alone or in combination alters financial outcomes across both the medical and pharmacy benefits.
Moreover, Specialty Compass will evolve with client needs by automatically including new specialty solutions to model as they come to market. This eliminates the need for users to resubmit their data.
Lastly, once implemented, Specialty Compass provides outcomes reporting to help clients understand how the specialty solutions they’ve selected are performing over time.
To learn more about the ways our analytics and data capabilities can give you better insights, please talk to your Optum Rx representative.