Where Injured Employees Get Pharmaceuticals Can be quite a WC Cost Driver

Insurance

Are your injured workers receiving their prescribed drugs right from their physicians as an alternative to from a pharmacy? If you are, it could possibly mean you’re paying somewhat more for your workers’ compensation (WC) medication costs than necessary.
The purchase price per pill for physician-dispensed medications was significantly more than pharmacy-dispensed medication, in accordance with two recently released studies with the Workman’s compensation Research Institute (WCRI). One study saw that Vicodin dispensed to a injured worker with a physician in Pennsylvania cost thrice more than narcotic pain medication dispensed by using a pharmacy. Doctors charged, usually, $1.22 per pill, while pharmacies charged $0.37 per pill. Doctors also charged more for over-the-counter medications-three to Significantly the retail price the person would pay with a pharmacy for basic drugs like ibuprofen. Since medications account for approximately 19 percent of WC costs, that is major cause for concern.
Furthermore, you will find still considerable debate whether physician-dispensing benefits or harms injured workers. Opponents of your practice debate that doctors do not always have the identical level of information about patients’ prescription background drug interactions as pharmacists do. Detractors also explain that economic incentives oftentimes leads some doctors to dispense unnecessary medications, together with prescribing drugs which can be will no longer the best drug for a specific condition.
For additional info on controlling your WC costs, call us today at Neckerman Insurance Services today.
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