Lower WC Costs 20% to 50% - Reduce Workers Compensation Expense Step by Step

Mastering Workers Compensation Costs: Manage Prescription Drug Use and Abuse

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According to an NCCI study, “medical expenditures [are] growing at a faster rate than indemnity benefits in workers compensation… which have been a significant driver of medical costs.”

 

In NCCI’s initial 2003 report, they concluded that “utilization (as opposed to price) increases were the driving force behind total per-claim workers compensation Rx cost increases.” Furthermore, in their most recent study, “NCCI demonstrated that increased physician dispensing is associated with increased drug costs per claim.”

 

Does your company have a plan in place to manage prescription drug use and abuse as it relates to Workers Compensation?

 

If you answer “No” to any of the following questions, read on to find out how the Your Ultimate Guide to Mastering Workers’ Comp Costs guidebook can help you.

 

  • Do you know the main component missed by risk managers in Pharmacy Benefit Management (PBM)?
     
  • Do you know the six reasons to use pharmacy benefit management?
     
  • Does your Pharmacy Benefit Management program have both prospective and retrospective elements?
     
  • Are you implementing the eight PROACTIVE Drug Management Techniques?
     
  • Does your company consider the THREE PROBLEMS with narcotics for pain control and take preventative steps?
     
  • Can your company properly review the drug management program of your Third Party Administrator or insurance carrier?
     
  • Can you identify the key selection criteria for a PBM?
     
  • Do your supervisors know the “red flags” of drug abuse?

The 2013 edition of Workers Compensation Management Program addresses ALL of these questions (and more) while walking you through the process of setting up appropriate procedures to reduce your WC costs 20%-50%.

 

Now, thru December 31, 2013, get the #1 selling WC cost containment guide for $100 off.

 

To purchase a copy, CLICK HERE.

 

Topics covered includes:

  • Workers Compensation Basics
  • Fundamentals of Cost Containment
  • Working with Your Adjusters or TPA
  • Injury Management Best Practice Roles and Responsibilities
  • Communication with Employees
  • Reporting a Claim
  • Post-Injury Response Procedure
  • Directing Medical Care
  • Return to Work and Transitional Duty
  • Other Indemnity Cost Containment Services
  • Medical Cost Containment
  • Physical Therapy & Physical Rehabilitation
  • Pharmacy Benefits Management
  • Controlling Fraud and Abuse
  • Training and Building Commitment
  • Claim Resolution and Settlement
  • Safety and Loss Control
  • Federal Employees Compensation Act

 

Related guidebook chapter summary:

Managing Prescription Drug Use and Abuse: Implementing a Pharmacy Benefits Management Program

 

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The “Mini-Book” provides an abbreviated version of our complete manual’s 18 chapters and is a great handout for your clients. Each chapter is summarized onto one page for concise, valuable information at their fingertips.