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.

  • Get the Ultimate Guide to OSHA Recordkeeping

    When it comes to OSHA recordkeeping there are always questions regarding the requirements and in and outs. IndustrySafe is here to help. We put together this page with critical information to help answer your key questions about OSHA recordkeeping.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We put together a guide that’s easy to digest so you can ensure you're complying with OSHA's training standards.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • 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