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Pharmacy Benefits Management
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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.
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.
Express Scripts’ Physician-Dispensed Medication Solution provides payers visibility into the true cost of medication.
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.
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.
The workers' comp industry has historically seen increases in AWP inflation for brand medications more so than generic, but in 2014 generic AWP increased ten-fold. This paper discusses the causes of this inflation and how the impact can be mitigated.
Published: 12/19/2011 in Workers’ Comp & Disability
Use of prescription painkillers has increased in staggering proportions compared with other medication classes, in terms of the number of prescriptions written, costs and incidence of overuse and abuse.
Published: 04/01/2014 in Workers’ Comp & Disability
In 2013, key stakeholders in the workers’ compensation industry gathered to discuss physician dispensing. The consensus was that dialogue, data, and collaboration could drive positive change. Now a year later, this paper discusses what’s happened.
Legalized use of medical and/or recreational marijuana in some states raises questions about what workplace safety, drug testing, and other risk management policies employers may want to adopt or modify and the possible consequences of the policies.
CorVel’s Focus on Pharmacy Management whitepapers aim to provide readers with tools and approaches to to mitigate exposure in their risk program.