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
Nebraska Legislature Studies Workers' Comp Drug Formulary
The Nebraska Senate Business and Labor Committee heard testimony on the benefits and policy considerations around adopting and implementing a drug formulary.
Mitchell International Transforms Utilization Management with the Launch of ReviewStat Solution
Highly automated medical management workflow solution streamlines medical necessity reviews, strengthens clinical decisions.
Are You Thankful for Workers’ Comp? 2018
It’s time for a listener favorite, the annual Inside Workers’ Comp Thanksgiving special edition
National Workers' Compensation and Disability Conference & Expo
The National Workers’ Compensation and Disability Conference &
RIMS 2019 Annual Conference & Exhibition
Visit Us at Booth #1333 The RIMS 2019 Annual Conference & Exhibition is the premier event for the risk management community.
Kids’ Chance: An Extension of a Giving Industry
To the general public, workers’ compensation is often seen as a large government institution more than an effective health care system designed to improve the welfare of injured workers. Far too often, those in our industry are not credited with the tremendous good we do in helping millions of individuals injured in the workplace return to a functional lifestyle and keeping businesses operational.