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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: 05/21/2014 in Workers’ Comp & Disability
Currently, 21 states and the District of Columbia have passed laws allowing for the medical use of marijuana. However, during this time marijuana has remained a Schedule I substance at the federal level, causing confusion...
Despite significant outside influences on the cost of prescriptions, First Script’s clients experienced a 5.3% decrease in drug utilization due to our management programs. This, and other trends, are outlined in the 2012 Pharmacy Trend Analysis.
Published: 02/06/2014 in Workers’ Comp & Disability
Many Boomers are now choosing to stay at work past traditional retirement age. That will create a number of ripples, one of which will reach the world of workers’ compensation.
Published: 04/17/2012 in Workers’ Comp & Disability
Unnecessary Use of Higher-Priced Medications Leading Cause of Waste; Lower-Cost, Clinically Equivalent Alternatives Would Save Billions for Workers' Compensation Payers
How can employers help injured workers while ensuring appropriate use of narcotics and reducing unnecessary costs? Take a look into Sedgwick’s clinically based process, which aligns resources to impact safety, return to work and better outcomes.
This study looks inside a catastrophic work comp case that included multiple opioids totaling over $27,000 a month. The case was brought to myMatrixx for review and the outcome delivered a savings of over $250,000 per year for the claim.
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.
Many work injuries are treated with powerful narcotics. Read about a treatment approach that focuses on patient education and engagement.
Published: 01/28/2011 in Claims Management
When it comes to compounded prescription drugs, it’s a fairly good bet that payers in the workers’ compensation market are paying more than they should. Read more to learn how Healthcare Solutions' compound drug program is saving money for clients.