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Pharmacy Benefits Management
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Published: 01/30/2015 in Workers’ Comp & Disability
The ability to effectively manage the multitude of medications a claimant may take during the course of their claim can be daunting. Learn how PBMs & their pharmacists are uniquely positioned to provide value in the management of drug costs.
Published: 06/03/2015 in Workers’ Comp & Disability
By employing cost and utilization strategies to lower workers' compensation costs, we can work together to mitigate the factors that influence medication spend, while also improving outcomes for injured workers.
Published: 11/20/2012 in Workers’ Comp & Disability
How can something as seemingly clear-cut as a provider prescribing a patient medication be so costly? Yet it can be–often 5-6x more vs. retail pharmacies. Read to learn how Sedgwick is seeking to control costs and ensure optimal outcomes for workers.
Transforming provider networks: Sedgwick’s five-star provider benchmarking program uses data to build networks on quality of care and successful claims outcomes. Read more to learn how clients consistently realize 20% reduction in total cost of risk.
Published: 02/23/2015 in Workers’ Comp & Disability
The use of compounded medications can raise concerns in regards to safety and efficacy. This paper provides 17 questions to ask when evaluating compounded medications to help determine if they are the right medication for the injured workers' needs.
Published: 09/05/2012 in Workers’ Comp & Disability
It's no secret prescription drug spending represents a disproportionately high percentage of workers' compensation costs. This white paper discusses a recent NCCI study on rising prescription drug costs and Sedgwick’s pharmacy solutions for clients.
Twenty years ago there were only ten specialty drugs on the market and they were rarely seen in workers’ compensation. Today there are over 300 and drugs such as anticoagulants and antivirals are making their way into claims.
A recent study found no clinical evidence that compounds are more effective than commercially available, manufactured drugs.
In workers’ comp, compounded medications are typically prescribed as second or third line therapy, but over the years, their use as first line therapy has grown greatly along with costs, begging the question if financial incentives are more important
Published: 05/23/2014 in Claims Management
Twenty years ago there were only 10 specialty drugs on the market and they were rarely seen in workers’ compensation. Today there are over 300, and drugs such as anticoagulants and antivirals are making their way into claims.