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
What Does Network Security Look Like When There Is No Perimeter?
Recently, it’s been said by many in the IT Industry that ‘the perimeter is dead’. But what, exactly, does that mean?
When, Why, and How to Use Nurse Review on Third Party Medical Claims
When third party auto casualty claims are extremely complex, for example, when multiple providers are treating a claimant, the claimant has pre-exi
Why Transparency in Healthcare is Important: FAIR Health Methodology
Having access to a database with a transparent methodology for deriving provider market rates and insurance information serves as a valuable asset
Will We See Human Interaction Disappear with AI in Insurance?
Artificial intelligence (AI) has the potential to profoundly impact the insurance industry.
Workers' Compensation Medical Price Index: Q2 2017
The National CPI for All Services as reported by the Bureau of Labor Statistics in August 2017 is 120.9, which reflects a 1.7 percent decrease sinc
Settling In: A Q-and-A with Mitchell’s General Manager of Auto Physical Damage, Debbie Day
As the new Auto Physical Damage (APD) General Manager here at Mitchell, Debbie Day brings a fresh approach and big plans for continuing to empower