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Healthesystems is conducting a webinar titled: The Texas Closed Formulary: How will it control workers' compensation drug spend and utilization, and what are the implications for nationwide application?
The webinar is sponored by Risk & Insurance® and will be held on:
September 14th, 1:30 PM ET
Speakers include:
Ralph Kendall, PharmD
Vice President of Clinical Svcs
Healthesystems
Dr. Jacob Lazarovic
Senior Vice President and Chief Medical Officer
Broadspire
Promotional Sponsor:
Risk & Insurance®
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Program description:
The use of a highly refined formulary structure specific to workers' compensation prescriptions is a critical strategy in allowing payers to more effectively control escalating drug costs and utilization. On September 1st the State of Texas implemented their newly adopted "closed formulary" which is based on the Official Disability Guidelines (ODG) in an effort to implement a structure built on evidence-based guidelines.
This webinar will examine the structure and immediate impact the guidelines may have on prescribing patterns and drug costs while also exploring how insurance payers may benefit from applying a similar approach to their entire pharmacy benefit management program.