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.
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2020 Year in Review
We can all agree that 2020 was a year filled with uncertainty, anxiety, and change. Despite the challenges, here at the Coventry we stayed focused on our clients and injured workers and continued to provide the quality content our readers have come to rely on. We are grateful to our followers and would like to extend a huge thank you to everyone who read, shared, and promoted The Sounding Board blog during our inaugural year. We aim to bring useful topics and insights on the issues affecting the work comp industry.