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CompPharma Finds Payers are More Concerned about Drug Prices Despite Declining Costs
12/17/2014
The price of medication is a growing concern among workers' compensation payers despite declining drug costs a consortium of pharmacy benefit management companies found in a recent survey.
CompPharma asked 25 workers' compensation payers to rate how big a problem drug costs are on a scale of
Category: News
CompPharma Survey Finds Opioids Top Payers ' Concerns
01/10/2013
Opioids were the top cost driver and the biggest area of concern for payers followed by repackaged drugs dispensed by physicians according to the 2012 Survey of Prescription Drug Management released by CompPharma on Wednesday.
That the dramatic increase in physician dispensing and payers
Category: News
Payers Worried About Drug-Pricing Transparency, Survey Finds
11/13/2019
Drug-pricing transparency has become a top concern for workers comp payers according to a report released Tuesday by research and consulting firm CompPharma.
The report compiles responses from 31 respondents to a CompPharma survey who included representatives of workers compensation
Category: News
Research Finds Compounded Medicines Risky, Costly, Unregulated
04/02/2014
Compounded medicines have uncertain benefits and are a risk to patients according to research on compounded medicines released Tuesday by CompPharma titled "Compounding is Confounding Workers' Compensation."
CompPharma is a consortium of workers' compensation pharmacy benefit managers. Its
Category: News
Falling Opioid Use Continues to Push Down Comp Pharma Costs, Drug Survey Finds
09/27/2021
workers physicians and insurers have relied less on opioids as treatment overall comp pharmacy costs have decreased by 38 about 1.8 billion over the past decade according to the latest Survey of Prescription Drug Management in Workers Compensation from CompPharma.
Despite some reports
Category: News
Paduda: Have Work Comp Payers Given Up on Physician Dispensing?
05/27/2021
The Workers Compensation Research Institute's latest report finds
Physician-dispensed drugs PDDs
Category: Industry Insights
Paduda: Physician Dispensing in Work Comp Roars Back
08/10/2023
latest report finds
Physician-dispensed drugs PDDs accounted for more than half of drug costs per claim in
Category: Industry Insights
WC Industry Shifting toward Cheaper Generic Drugs, Survey Finds
01/05/2015
Generic drugs sometimes cost 90 less than their brand-name equivalents and the workers compensation industry appears to be taking advantage of the savings.
Percentage of prescriptions filled with generic drugs is up over 5
In a survey of 25 workers compensation payers the pharmacy
Category: News
ACOEM Finds Evidence Supporting Use of Opioids Doubtful
12/18/2014
top 25 most expensive medications in the industry are opioids. OxyContin an extended-release pill took the top spot and accounted for 8.5 of the total medical spend that year.
In a survey of 25 workers compensation payers released Dec. 8 the pharmacy benefit management consortium CompPharma
Category: News
Report: Workers' Comp Opioid Utilization Down 11%
04/06/2016
' compensation payers the company said in a news release.
Express Scripts said its the fifth year in a row that workers comp spending on opioids has decreased.
Thats just terrific said Joe Paduda president of PBM consortium CompPharma of which Express Scripts is a member. The scary thing is 40
Category: News
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