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Managing the pain of prescription drug cost defining the scope
- 1. Sedgwick © 2013 Confidential – Do not disclose or distribute.
Managing the pain of
prescription drug costs:
Defining the scope
http://blog.sedgwick.com/2013/05/14/managing-the-pain-of-prescription-drug-costs-defining-the-scope/
- 2. Sedgwick © 2013 Confidential – Do not disclose or distribute. 2
Today medication prices are rising faster than any
other medical expenditure
Overview
• Powerful narcotics and opioids are fueling these
expenditures
• These narcotics are becoming more commonly
prescribed in response to work-related
injuries.
- 3. Sedgwick © 2013 Confidential – Do not disclose or distribute. 3
Defining the Scope
Per-claim narcotic costs have increased more than 50% over the
past decade.
Narcotic use now represents more than 1.4 billion of total drug
spend in workers’ compensation claims
- 4. Sedgwick © 2013 Confidential – Do not disclose or distribute. 4
Defining the Scope
Many of these medications were not originally intended
to treat occupational injuries.
Little evidence to support benefits of their long-term or
widespread use in the workers’ compensation arena.
High risk for abuse
- 5. Sedgwick © 2013 Confidential – Do not disclose or distribute. 5
Follow up appointments
Employee education
Pharmacy clinical reviews
Strong network of pharmacies
Prescribing providers
Technology
Strategies and Solutions
- 6. Sedgwick © 2012 Confidential– Do not disclose or distribute. 6
Kimberly George, SVP
Managed Care Practices and
Client Services
Kimberly.George@sedgwickcms.com
http://blog.sedgwick.com/