Emerging trends in pharmaceutical design and drug manufacturing are shifting toward presenting the market with new ways to develop medications. Specialty medications continue to be a major area of pharmaceutical development and have become widely discussed in workers’ comp due to their significant costs. Although they represent approximately 1% of drug utilization, they account for nearly 7% of prescription drug costs and represent the fastest-growing segment of the U.S. pharmaceutical market. While specialty drug products are often associated with a hefty price tag, some can offer clinical advantages when deployed for the right patient at the right time, making careful oversight and patient selection imperative to achieving desired outcomes in this space. Watch the video blog to learn more.
More stories
The More Workers’ Comp Gets High-Tech, the Better for Providers and Patients
Every day, technology is changing the way we experience the world around us. Our phones can feel like digital extensions of our brains.
How an Internal Job Search Can Help Make an ADAAA Accommodation
When employees request accommodations under the Americans with Disabilities Act Amendments Act (ADAAA), employers attempt to make reasonable accomm
How an Internal Job Search Can Help Make an ADAAA Accommodation
When employees request accommodations under the Americans with Disabilities Act Amendments Act (ADAAA), employers attempt to make reasonable accomm
Applications of Predictive Analytics in Workers’ Compensation
As technology use continues to rise in almost every facet of today’s society, the mark it has left on the property and casualty industry, specifica
Applications of Predictive Analytics in Workers’ Compensation
As technology use continues to rise in almost every facet of today’s society, the mark it has left on the property and casualty industry, specifica
Could Virtual Reality Be the Next Treatment for Chronic Pain?
Is virtual reality (VR) the latest tool to help fight chronic pain?