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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Premiums Written: Q1 2018 Casualty Must-Reads
This quarter, Mitchell was featured in Property and Casualty 360, where Mitchell’s Claims Performance Consulting Directors Edward Olsen and Ryan Mandell delve into how developing an analytics- driven culture from the outside in provides the opportunity for increased operational claims value. Additionally, we addressed how technology will play a large role in the future of the workers' compensation industry in Risk & Insurance Magazine by surveying their readers.
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Auto Casualty Medical Price Index: Q4 2017
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Workers' Compensation Medical Price Index: Q4 2017
The National CPI for All Services, as reported by the Bureau of Labor Statistics, in February 2018, is 123.56, which reflects a 2.7 percent increase since Q2 2017 and eliminates the decrease seen in the previous quarter.
Mitchell Issues First Quarter 2018 Industry Trends Report
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