Call or email us anytime
(805) 484-0333
Search Guide
Today is Friday, May 09, 2025 -

Industry Insights

Paduda: The Latest on Workers' Comp Pharmacy

  • National
  • -  0 shares

We are finishing up our annual survey of pharmacy benefits management in workers’ comp. Here are three findings from the 15 we’ve done so far.

  • Joe Paduda

    Joe Paduda

    Sixty percent of respondents are reporting an increase in overall drug spend, with reasons varying from more claims to an uptick in catastrophic cases to jurisdictional impacts.

While we’re a long way from done and more respondent data is coming in, if the trend continues, this would be the second year of “non-decrease” in spend, signaling that the years-long drop in spend has stopped — and may have reversed.

  • Conversely, 80% of respondents are reporting lower opioid spend year over year.

If other respondents’ data is consistent, this marks the seventh consecutive year of a decrease, wonderful news, indeed, as patients and providers choose safer — and often more effective — solutions to pain.

  • Most respondents see a future for artificial intelligence in the PBM world, but the emphasis is definitely on the future.

There seems to be significant hesitation around implementing AI-based tools at this point. Ultimately, respondents see a range of “futures,” ranging from 100% automation of the entire process driven by AI to those who see AI focusing largely on early trend identification and clinical management improvements.

Public versions of our annual survey report are available for download here at no cost and no registration. Note that respondents get a much more detailed version of the report. 

Thanks to HSA’s Jay Stith and Helen Knight of CompPharma for their work on this year’s survey.

Joseph Paduda is the principal of Health Strategy Associates, a consulting firm focused on improving medical management programs in workers’ compensation. This column is republished with his permission from his Managed Care Matters blog.

No Comments

Log in to post a comment

Close


Do not post libelous remarks. You are solely responsible for the postings you input. By posting here you agree to hold harmless and indemnify WorkCompCentral for any damages and actions your post may cause.

Advertisements

Upcoming Events

  • May 12-14, 2025

    NCCI Annual Insights Symposium

    NCCI's Annual Insights Symposium (AIS) 2025 will deliver data-driven insights, providing workers c …

  • May 12-13, 2025

    CSIA 2025 Annual Conference

    The Board of Managers is excited to announce that the CSIA 2025 Annual Meeting and Educational Con …

  • Jun 11-13, 2025

    CCWC 2025 Educational Conferen

    For two decades, CCWC has assembled the key players in the workers’ compensation arena for what is …

Workers' Compensation Events

Social Media Links


WorkCompCentral
c/o Business Insurance Holdings, Inc.
PO Box 1010
Greenwich, CT 06836
(805) 484-0333