These are trying times for many organizations. As companies continue to look for new and innovative ways to reduce costs, they are often unable to see some significant cost drivers. In the workers' compensation arena, pharmaceutical costs continue to rise at an alarming pace. At the same time, there are fewer injured workers and shorter claim times. So, where's the discrepancy and what can be done to reduce pharmaceutical spend among injured workers?
Identifying The Blind Spots
Monitoring of the ever-increasing pharmacy spend tends to focus on the holistic, or all-encompassing number — the overall pharmacy spend for any given period. However, the field of vision is fragmented and not always well understood.
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