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With advancements in science and technology in the past 30 years, a distinct trend has emerged in the pharmaceutical industry. Pharmaceutical manufacturers have expanded their pipelines to launch new ‘specialty’ drugs designed to treat rare, complex, chronic diseases like cancer, rheumatoid arthritis, and multiple sclerosis. What follows is an overview of the specialty drug market …
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While the national Opioid Crisis is ongoing, we have made significant progress as a nation in finding alternatives for Workers’ Compensation patients suffering from both Acute and Chronic pain. Another milestone may have been achieved with Vertex’s announcement of a potentially transformative medication for the treatment of pain without serious systemic side effects such as …
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The Drug Enforcement Administration (DEA) is a U.S. federal law enforcement agency, under the U.S. Department of Justice, charged with combating illicit drug trafficking and distribution within the U.S. Established in 1973, the DEA is 50 years old this year and has been enforcing the controlled substance laws and regulations through a variety of programs …
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A randomized controlled testing of both Emergency Room sites and adult patients experiencing one or both of these acute conditions was published in the Lancet on June 28, 2023. The results of the testing show that opioids used for back and/or neck pain overall produce no better results than placebos. In addition, after 1 year, …
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The use of opioid medications is at an all-time low but there is a need to remain vigilant to ensure those patients in need of pain management are not deprived of treatment and are encouraged to obtain the optimum combination of medications and other proven alternative options. As announced previously, the FDA continues to advance …
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Preferred Medical is committed to enhancing the workers’ compensation industry and those companies that impact injured workers. We were one of the first service providers in workers’ compensation to partner with WorkCompCollege to change the way occupational incident-related injuries and illnesses are managed. We are honored to announce that David Price, Preferred Medical’s General Counsel …
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While we have seen a decrease in the use of opioids over the past few years, they are still an important treatment option when prescribed responsibly and appropriately. However, they also have serious risks, including misuse and abuse, addiction, overdose, and death. To help reduce these serious risks, the FDA has developed a vision to …
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Lakewood Ranch, Fla. (November 16, 2022) – WorkCompCollege.com has announced Preferred Medical as a new Gold Associate Partner. Preferred Medical is a PBM and ancillary service provider focused on delivering high-quality tailored services to payors around the country. Because of their direct interaction with both claims personnel and injured workers, they see great benefit to …
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KENTUCKY’S EMERGENCY UR AND BILL REVIEW REGULATION: WHAT YOU NEED TO KNOW Last week, the Kentucky Division of Workers’ Claims (DWC) published an emergency regulation that introduces changes to the way that utilization review (UR) will be conducted – and reported – in Kentucky’s workers’ compensation claims. This comes after the General Assembly passed SB …
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Phase 2 of OnBoard Limited Release (OBLR) begins on Monday, April 4. As part of Phase 2, the Board will be introducing a new durable medical equipment (DME) fee schedule and introducing new requirements for submitting prior authorization requests (PARs) for DME. Here are some things to keep in mind: The old DME reimbursement formula …
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