Employers: Long-Term Pharmacy Cost Control Requires Worker Involvement

According to a survey released by Buck Consultants, a human resources and benefits consulting firm, employers plan to significantly involve their workers in long-term strategies to control prescription drug costs. The firm conducted its study, "Understanding Your Strategies for Coping with the Changing Pharmacy Benefit Landscape," in the first quarter of 2008.

The goal of the survey was to identify strategies employers are using to manage their prescription drug benefits and costs. Fifty-one percent of respondents use employee cost sharing as a utilization management tool. The most common cost-sharing range is 21 percent to 30 percent (used by 44 percent of respondents). According to the survey respondents, the most important clinical management steps they are taking to control pharmacy benefit costs are disease management, care management, and smoking cessation programs. Others include providing employees with tools and information, providing employee education, and worksite wellness and health activities.

Fifty-two percent of survey respondents believed that specialty medications--complex drugs that are often injected or infused--represent 10 percent or less of their total pharmacy costs.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Comply with OSHA’s Electronic Recordkeeping Requirements

    Collect relevant incident data and generate accurate OSHA 300, 300A, and 301 regulatory reports, including 300A CSV files for easy electronic submission to OSHA.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus