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
Medicare Secondary Payer Recovery Portal (MSPRP) User Guide Updates and MSP Portal Enhancements
Keep current with new legislation and its potential effect on your organization. This regulatory update is for informational purposes only, and provides some key highlights on state initiatives that may impact the Medicare Set-Aside services Genex provides.
Medicare Secondary Payer Recovery Portal (MSPRP) User Guide Updates and MSP Portal Enhancements
Keep current with new legislation and its potential effect on your organization.
Using Risk Prediction Technology to Move Claims Forward
Technology is playing a larger role in helping comp claims progress. In today’s Inside Workers’ Comp, Bobbie Doyle, director of utilization management at Genex, explains the ins and outs of a program designed to do just that. It’s called Referral Expert.
Aggregate Trends for Top 10 Therapeutic Classes in 2019
In 2019, the top 10 therapeutic classes accounted for 76.8% of all scripts and 79.6% of all costs.
Tips for Keeping Insurance Professionals Engaged While Working Remotely [Infographic]
As the global workforce trends towards remote work environments, employers need to learn how to navigate a new normal. Supervisors are now responsible for remote workforce management, which comes with its own set of unique challenges and opportunities. If your team has recently started working remotely, several key tips and strategies will help you encourage productivity and keep your teams on task.
Repairerdrivennews.com: Nearly 19,700 Repairers Received PPP Loans, Says SBA. Have You Applied?
PPP loans have helped nearly 19,700 auto repair businesses protect an estimated 133,000 jobs, according to an SBA report discussed in this article. The deadline to apply for those loans has been extended to August 8.