Express Scripts' Workers' Compensation Program Increases Use of Generic Drugs.ST. LOUIS -- ExpressComp, a workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. offering by Express Scripts, increases the use of generic medications and reduces clients' costs. Express Scripts is one of the largest pharmacy benefit managers (PBM PBM - play by mail. See play by electronic mail. ) in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Express Scripts is a leader in consumer behavioral changes involving the use of generic drugs. Since 2001, generic drug utilization for Express Scripts' workers' compensation clients has grown from 52 percent of all prescriptions to a record 66.2 percent. ExpressComp's Physician Outreach Program (POP) is a clinical-based module designed to encourage physicians and injured workers to consider using generic alternatives when appropriate. "The Express Scripts POP module helps dramatically lower our pharmaceutical costs and assures that injured employees get the medications they need at an equitable cost, which aligns with AIM Mutual's mission to provide our employer members and their injured employees with the best care and value possible," says Michael Kelley, AIM Mutual vice president claims. Generic drugs are as safe and effective as their branded counterparts. Studies have shown that for every one percentage point increase in the generic fill rate there is a corresponding one percent decrease in overall pharmacy spend. A 2006 report by the National Council on Compensation Insurance The National Council on Compensation Insurance (NCCI) is a U.S. insurance rating and data collection bureau specializing in workers' compensation. Operating with a not-for-profit philosophy and owned by its member insurers, NCCI annually collects data covering more than four indicates the prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, component of worker's compensation continues to grow. ExpressComp, which manages workers' compensation prescription drug programs for employers, payors, state funds and insurers, offers the largest workers' compensation specific pharmacy network in the industry with 52,000 pharmacies. The large network enables injured workers to easily access a pharmacy, which also aides in controlling cost. ExpressComp offers customized formularies, Drug Utilization Review drug utilization review Health insurance A study of drug prescriptions to evaluate appropriateness and cost-effectiveness of drug therapy (DUR DUR Drug utilization review, see there ) programs, and clinical programs to effectively manage drug utilization trends. Tools such as Retrospective DUR and bill review increases savings, reduces administrative expenses and deters fraud and abuse. ExpressComp innovative workers' compensation solutions offer excellent clinical care, substantial savings, flawless execution and unexcelled value. About Express Scripts, Inc. Express Scripts, Inc. (Nasdaq: ESRX) is one of the largest pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. (PBM) companies in North America, providing PBM services to over 55 million patients through facilities in 13 states and Canada. Express Scripts serves thousands of client groups, including managed-care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans. Express Scripts is headquartered in St. Louis, Missouri. More information can be found at http://www.express-scripts.com. |
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