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
Auto Casualty
Article
Insurance Chatbots Are Transforming The Industry With Automation
Bots are cropping up everywhere.
Auto Casualty
Article
How Enterprise Companies Are Choosing the Right Hybrid Cloud Architecture
IDC predicts that more than 80 percent of enterprise IT organizations will commit to hybrid cloud architectures by 2017.
Workers' Comp
Article
How Employers and Insurers Can Create The Most Effective Return to Work Programs
No one wins when employees miss work due to job-related injuries.
Mitchell
Article
Growth in Special Materials and Its Impact on Estimating
While taking in the OE companies at the NACE and SEMA shows this past year, I was truly amazed to see their increasing use of special materials and
Auto Casualty
Article
From FNOL to Settlement: Improving Third Party Claims with Data Driven Decisions
Effectively adjudicating third party auto casualty claims can be a complex web of analysis and decision-making that challenges even the most experi
Mitchell
Article
Managing Medical Records is Key to Improving Third Party Claim Settlements
Documents that adjusters receive from attorneys or claimants related to third party claims are typically unorganized, inaccurately coded and seemin