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
2025 Theo Award Winner: FedEx
Risk & Insurance spotlights FedEx, a 2025 Theo Award winner, for unifying its risk and medical management programs in partnership with Enlyte—building a culture of trust, transparency, and collaboration.
When Machines Miss the Meaning
Download this case study to see how clinicians enhance AI medical record summaries, cutting review costs by 33%, boosting efficiency by 80%, to support well-informed claims decisions.
Mitchell Recognized as a 2025 Stratus Award Winner for Its Transformative, AI-Powered Claims Automation Solutions
Mitchell today announced that it is a winner of the Business Intelligence Group’s 2025 Stratus Awards for Cloud Computing. Now in its 12th year, the awards program honors organizations, products and individuals innovating in the cloud to power the future of business. Mitchell was named a top technology company in the Software as a Service (SaaS) category for its achievements in transforming the collision-damage appraisal process.
Understanding Compliance and Regulatory Trends in Workers’ Comp Costs
Explore how evolving federal and state regulations, price transparency mandates, and AI oversight are reshaping workers’ compensation costs. Learn what organizations can do to stay compliant while managing risk and driving value.
Taking Charge of Pharmacy with Proven Cost Containment Strategies
Pharmacy costs are climbing and so are the risks of doing nothing. Rising drug prices, overuse, and questionable prescribing patterns are creating new pressures for workers’ compensation and auto casualty payers. Without a proactive pharmacy strategy, you could be facing not just inflated spend, but compliance issues and potential fraud. In today’s environment of increasing complexity and accountability, cost containment isn’t optional — it’s essential.
Specialty Solutions Spotlight: Why Prosthetic Claims Are Among the Most Complex in Workers’ Compensation
Prosthetic claims rank among the most challenging to manage. With the right support and strategy, prosthetic claims can restore function, independence and even return-to-work opportunities.