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
Self-service tools can bring savings for both payers and providers
The phone in your pocket shouldn’t really be called a phone, should it? After all, making calls isn’t its primary purpose. It serves as a communication device, of course, though typically texting, email, and chat are how we choose to do that communicating.
Mitchell Teams With Mazda North American Operations to Launch U.S. Collision Repair Network
New program reaffirms Mazda's mission to brighten lives through car ownership by supporting the proper, safe repair of collision-damaged vehicles.
Workerscompensation.com: Sikorsky Sees 'Dramatic Results' with Onsite RTW Program
Sarasota, FL (Workerscompensation.com) – Sikorsky, a Lockheed Martin Company, saw a 48 percent reduction in lost workdays within 9 months o
Webinar: Onsite Return to Work: A Sikorsky Approach
Since Lockheed Martin (LMC) acquired Sikorsky, medical treatment return-to-work (RTW) protocols have been developed in collaboration with Sik
Outdated imaging equipment can affect quality of care and cost of claims
Among specialty services, diagnostic imaging—such as an MRI, CT, or PET scan—is often the first critical step to assess the severity of an injury and develop a treatment plan for prompt recovery and return to work. That's why it's imperative an imaging facility produces a quality image from the onset to ensure best-possible outcomes for injured employees.
Mitchell Survey Identifies Technologies Most Adopted by Workers' Compensation Organizations During COVID-19 Pandemic
Seventy percent of respondents believe telemedicine and predictive analytics will impact the industry most in the next decade.