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
Price Opportunist List and Smart PA Program Drive Decrease in Topical Utilization and Spend
Struggling with skyrocketing medication costs despite stable volumes? One workers’ compensation carrier reduced spending on dermatological/topical medications from $232k to $50k and eliminated them from their Top 10 spend categories. Discover how Enlyte’s innovative solutions made it possible.
Field Case Manager Delivers Significant Medical Savings & Injured Employee Impact
AuditPro Delivered 92% Reduction in Billing Errors
Selecting the Right MSA and Regs to Know for 2025
Explore the different types of Medicare Set-Asides, learn about the CMS submission process, and stay ahead with key new reporting requirements for 2025. Tune in to our latest podcast today!
Health Coaching and Employee Engagement
Learn how our case managers use tools and education to empower employees, promoting faster recovery and optimal health.
Specialty Solutions Spotlight: Charging Medical Devices Safely
Medical devices such as hearing aids, electrical stimulation devices, sleep apnea machines, glucose monitors and insulin pumps play a crucial role in injured employee care and wellness. However, understanding how to safely charge these devices is essential to prevent the risks of overheating, which can lead to fires, minor injuries or even serious burns. Failure to properly maintain and use these devices can lead to costly replacements and potential gaps in treatment or care an injured employee may need.