Worker's Compensation Medication Trends Report Released

The report reveals key factors that may influence future expenditures, such as chronic pain, product mix, and government activity.

Progressive Medical Inc. announced Tuesday the release of its 2012 Worker’s Compensation Medication Trends Report. The report reveals changes to medication expense patterns in worker’s compensation claims from 2010 to 2011 for Progressive Medical clients, as well as key factors that may influence future expenditures, such as chronic pain, product mix, and government activity.

Key highlights from the 2012 Worker’s Compensation Medication Trend Report include:

  • Although medication AWP inflation was 5.8 percent in 2011, data shows a 1.3 percent reduction in total medication spend per claim
  • There was an overall 3.3 percent decrease in utilization per injured worker from 4.3 percent fewer prescriptions and a 1.1 percent decrease in average days of medication supply received.
  • Across the industry, narcotics account for 35-40 percent of worker’s compensation medication spend while Progressive Medical showed a 3.9 percent decrease in total spending per claim in this drug category.

“This year’s analysis strongly highlights the need for robust utilization management programs to control medication spending,” said Tron Emptage, Progressive Medical's chief clinical officer. “It provides insight into pharmacy spending trends and the impact issues such as narcotic use, physician dispensing, and compounded medications have on payers and injured workers.”

The report also provides insight into legislative and regulatory activity impacting payers and their injured workers and includes a forecast of issues that will affect the industry this year.

To request a copy of the 2012 Worker's Compensation Medication Spend Report, please visit http://www.workcomptransformation.com/medication-trends-report/.

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.

  • 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.

  • Analyze Incident Data and Maintain OSHA Compliance

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Industry Safe
comments powered by Disqus