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Pharmacy Benefits Management
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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.
Sedgwick’s 2012 Drug Trends Report identifies drug safety and cost concerns and showcases client outcomes. Download for a closer look at the improvements and savings our customers achieved last year utilizing our advanced drug management strategies.
Pain is the body’s signal that something is wrong, right? What about pain that persists—sometimes long after the original injury has healed? Chronic pain is a scourge, not only for the afflicted, but also for employers & insurers who foot the bill.
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.
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.
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.
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: 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.
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.
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.