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Alex Oshmyansky, MD, PhD Profile
Alex Oshmyansky, MD, PhD

@alexosh

Followers
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Following
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306

CEO / Co-Founder - Mark Cuban Cost Plus Drug Company Entrepreneur, Physician, Mathematician, Filmmaker

Dallas, TX
Joined April 2009
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@alexosh
Alex Oshmyansky, MD, PhD
8 days
RT @RapidResponseHQ: Where others see an impossible problem, @costplusdrugs CEO @alexosh sees an opportunity to expose predatory health ins…
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@UnpopularPharm @tjparker O, we are very open that we work with a number of transparent PBMs: . To me, nothing wrong with PBMs acting as a payment processor. Problem is when the big 3 take 30% of all pharma revenue as their fee in one way or another which is nuts.
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm If there are better ideas for how help individual patients while helping indy pharmacies and providers while saving the system as a whole money, we are totally open to it! Our strategy now is the best we could create with all the information we currently have.
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@UnpopularPharm @tjparker I mean, it's kind of an apocalyptic year for indy pharmacies as it is. We are doing the best we can to help patients and pharmacies with the data and analytics we have. Trust me, we aren't making TJ money out of this 😂. Always open to ideas though!
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@UnpopularPharm @tjparker Our $12 dispense fee is what is recommended by NCPA. If you run an independent pharmacy, you can buy at our price here:
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@UnpopularPharm @tjparker Our hypothesis is that indy pharmacies will actually make more money with just a flat markup on all drugs. Yes, atorvastatin and other common drugs become more expensive, but the savings on expensive drugs makes up for it. Pharmacy makes more, payers pay less. PBM loses.
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@UnpopularPharm @tjparker Correct. Pharmacies, acute care facilities / hospitals can sign up to get access to our pricing here:
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm Cool, I look forward to seeing whether an analysis by the former head of Amazon Pharmacy shows they have better pricing than us. 😂 Be well TJ. Enjoy the buyout funds!
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm The last study I linked as well as several others look at all generic generic drugs. Do you have any data to the contrary other than a secret internal analysis from two years ago? Would be helpful to know if there is any contradictory data.
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm Another from several researchers and Harvard, Cleveland Clinic, MIT, TJU, and UPenn from a few days ago:
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm Data from a research group at Vanderbuilt
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm Another comparison to Medicare broadly nationwide @A_Ciaccia
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm An example study that compares our pricing to that paid by Washington state. @A_Ciaccia
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm Everything included
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm That’s way, way off. We are at least at AWP -91%. Several external academic groups and consultancies (see 3Axis) have validated that, and we have a fair amount of payer business now for that reason. Again, any data you can link to that shows us being more expensive in aggregate?
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
@tjparker @UnpopularPharm Do you have a source for that statement TJ? Our internal analytics show a 50-60% savings for payers with our model while being more profitable for pharmacies. AWP is an arbitrage shell game for big PBMs.
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@alexosh
Alex Oshmyansky, MD, PhD
6 months
RT @mcuban: The PBM Smackening is happening !
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