Timothy E. Kosty, RPh, MBA
Co-Founder
Mr. Kosty has over thirty years of pharmacy experience, predominantly in upper level management positions with TDI Managed Care Services, Thrift Drug, Inc. and Rite Aid Corporation. His professional experience includes retail pharmacy and PBM operations, information technology, rebate contracting, pharmacy network development, claims processing, third party contracting, account management and financial analysis.
Tim closely evaluates marketplace initiatives to assure that incentives are properly aligned, producing project outcomes that exceed client expectations. He focuses on applying technology to solve business problems and increase operational efficiency while lowering operating costs.
Tim received a Bachelor of Sciences degree in Pharmacy from The Ohio State University and a Masters of Business Administration degree from Pennsylvania State University.
He is an active member in the Academy of Managed Care Pharmacy, American Pharmaceutical Association, American Society for Automation in Pharmacy, National Association of Chain Drug Stores, and the National Council for Prescription Drug Programs.
Poll Results
February 2023 Question of the Month
Do you feel like your organization understands the FDA’s Draft Guidance for Industry on Drug Importation?
We have reviewed the guidance and are taking a watch and wait approach: 75%
We have reviewed the guidance and are taking proactive steps to act on it: 25%
We have reviewed the guidance but do not feel like it will impact our organization: 0%
Not familiar/We have not reviewed the guidance: 0%
January 2023 Question of the Month
How will payers manage reimbursement of multiple interchangeable biosimilars?
MAC reimbursement: 10%
Generic non-MAC reimbursement rate: 10%
Brand reimbursement rate: 40%
Specialty drug specific rate: 40%
Average Sales Price (ASP): 0%
Average Manufacturer Price (AMP): 0%
National Average Drug Acquisition Cost (NADAC): 0%
December 2022 Question of the Month
In which area could you or your company most benefit from additional training?
Biosimilars and interchangeability requirements: 46.1%
Dynamics that drive PBM and health plan decisions: 15.4%
Various hurdles a prescription must clear before being dispensed: 15.4%
Changing 340B landscape: 15.4%
Flow of funds and prescriptions through the pharmacy channels: 7.7%
Pharmacy chain initiatives and strategy updates: 0%
Contact
968 Perry Highway
Pittsburgh, PA 15237
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Phone: (412) 635-4650
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