Inovalon announced a multiyear engagement with Pharmacare Hawaii. Inovalon, a leading provider of cloud-based platforms empowering data-driven healthcare, announced a multiyear engagement with Pharmacare Hawaii, a diversified pharmacy company serving thousands through community pharmacies, a home infusion pharmacy, a specialty pharmacy, nutrition support, and a long-term care pharmacy. Pharmacare Hawaii will use ScriptMed Cloud, an eight-module, end-to-end solution powered by the Inovalon ONE Platform, to manage patient care across its rapidly growing specialty and infusion pharmacy network, where demand for an expanding pipeline of biologic therapies is growing.

In the U.S., specialty pharmacy accounts for more than 50% of the national prescription drug spend while the home infusion therapy market globally is projected to grow from $28 billion in 2021 to $48 billion by 2028. The global home infusion therapy market is highly unique in its requirements for the complex processes of patient qualification, management, administration, and clinical care. ScriptMed Cloud gives Pharmacare Hawaii clinicians the industry's first, and only, end-to-end, single platform for specialty and infusion pharmacy.

ScriptMed Cloud provides the single system of patient identifiable data and tools across eight modules to rapidly qualify new patients and better manage interventions for existing patients to ensure their safety and therapy adherence. The platform is built specifically for the complexities of specialty and infusion pharmacy, with modules such as Clinical Care Management that help clinicians develop and oversee customized care plans for each patient.