Today’s issue of WorkCompRecap ffeatures the release of a new position paper from the American College of Occupational and Environmental Medicine (ACOEM) on how the use of properly designed formularies can improve medical quality and contain costs for injured workers.
ACOEM noted that recent research has found that formularies can significantly decrease the direct cost of medications, utilization review (UR) costs, and the inappropriate use of certain medications including opioids, non-generics, and compounded topical medications. The task force that produced the paper also pointed out that that formulary inclusion and exclusion decisions should follow principles of evidence-based medicine (EBM) where such evidence exists, and recommended the formation of Pharmacy and Therapeutics (P&T) Committees to oversee the content of workers’ comp formularies prior to implementation.
Find out more (including a link to the free paper!) by clicking here!