- Lumicera partners with Costco Pharmacy to offer cost-plus specialty pharmacy services.
- Collaboration aims to provide affordable access to specialty medications with enhanced patient support.
- Partnership leverages Lumicera's expertise in medication handling and patient assistance programs.
Lumicera Health Services, a leading specialty pharmacy solutions company, has announced a strategic partnership with Costco Wholesale Corporation (COST, Financial) to expand cost-plus specialty pharmacy offerings. This collaboration is designed to provide commercial employer benefit plan sponsors and Pharmacy Benefit Managers (PBMs) with access to high-cost medication therapies at a transparent, auditable cost.
Through this partnership, Costco Pharmacy will enhance its operations by leveraging Lumicera's decade-long experience in the acquisition and distribution of specialty medications that require specific handling, such as refrigeration. Lumicera's patient support model, which has achieved a world-class net promoter score of 85.5 in 2024, will be a cornerstone of this collaboration, ensuring robust, 24/7 patient support and tailored treatments by trained staff.
Richard Stephens, Senior Vice President of Costco Pharmacy, emphasized that the partnership underscores a shared commitment to transparency and member-centric service. By utilizing Lumicera's industry-leading patient support model, the collaboration aims to pass cost savings directly to customers, thus supporting better patient health outcomes.
Ben Heiser, General Manager of Lumicera, highlighted the importance of the cost-plus pricing model, which provides clarity on medication costs and aims to keep them as low as possible. This approach ensures that critical treatments remain affordable for patients, reflecting both companies' dedication to transparency and superior patient care.
