A new FlashReport from the Workers Compensation Research Institute (WCRI) finds that a Texas-like formulary for Louisiana state employees may reduce prescription drug costs by 4 to 28 percent depending on prescribers’ response to the formulary. This would have resulted …
Though the number of physician dispensed prescriptions declined considerably from just a few years ago, the workers’ compensation industry continues to battle an adapting market seeking to maintain high prices by changing drug strength and formulations. The impact of physician …
Value-based contracting (VBC) widely used in the healthcare system is now a hot topic in the workers’ comp industry, according to a Coventry whitepaper released earlier this year. Though widely discussed among industry stakeholders, a common definition for the practice …
With many states making changes to rules governing reimbursement for physician-dispensed pharmaceuticals, the Workers Compensation Research Institute (WCRI) released a study today that sheds a light on the impact of price-focused reforms on the frequency and costs of physician-dispensed prescriptions. …
The average total cost per workers’ compensation claim in Illinois decreased 6.4 percent since 2010, but remained higher than most of the 17 other states, according to a report released last month by the Workers Compensation Research Institute (WCRI). “The …
There is a notable difference in the percentage of workers’ compensation claimants that retained attorneys across 18 state workers’ compensation systems, according to a new report from the Workers Compensation Research Institute (WCRI). According to the study, the percentage of …
A new study released by Mass.-based Workers Compensation Research Institute outlines the effect of provider choice policies on workers’ compensation costs. The study reviews the relationship between workers’ compensation costs and provider choice laws. Data on workers’ comp injuries that …
Meet a victim of the nation’s opioid addiction scourge: the American worker. A number of U.S. states are taking steps through their workers compensation systems to stem the overprescribing of the powerful painkillers to workers injured on the job, while …
Texas Mutual Launches Free e-Learning Tool Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, recently launched a free workplace safety training tool for policyholders called e-Learning. e-Learning gives business owners access to a library of more …
Mass.-based Workers Compensation Research Institute (WCRI) released eight separate studies this week that examine the impact of state reforms to the rules for drugs dispensed by doctors from their offices to injured workers. The eight states studied are Connecticut, Florida, …