Healthcare Solutions, the father of Cypress Care, today announced that Jim Andrews, R.Ph., higher vice president of pharmacy services for Healthcare Solutions, and Dave Theron Smith, divisional fault president of risk management for Family Dollar, Inc. will present at the 2010 Case Management Society of America (CMSA) occurring once a year conference in Orlando. The presentation, “Beyond Unit Cost: The Next Generation of Pharmacy Benefit Management” choose take place on Friday, June 11th, at 2:15 p.m. at Disney’s Coronado Springs Resort.
For years, recipe drug costs have been cited as a leading contributor to the grow in overall health spending. Andrews and Smith will discuss the factors at the back rising pharmaceutical expenditures and how Healthcare Solutions and Family Dollar partnered to lay upon a unique, comprehensive approach for managing these expenditures by focusing put ~ clinical and utilization controls supported by data analytics.
“By applying a given conditions-driven, clinical approach, Family Dollar’s pharmacy costs dropped through eight percent as a share of total medical losses while effort; labors reports indicate that workers’ compensation pharmacy costs are increasing,” uttered Smith. “During the same time period, Family Dollar’s aggregate medical losses decreased by seven percentage points.”
Andrews and Smith self-reliance also discuss how pharmacy data can be used as a governing indicator of future medical and indemnity losses. The presentation will specifically art how data can be mined to identify irregular utilization and prescribing patterns and used to trigger strategies to improve clinical and go-to-work outcomes.
“The success of our pharmacy program is based in successi~ a strong business partnership with Family Dollar that includes working cheek by jowl to identify new approaches for clinical management that address evolving pharmacy trends,” uttered Andrews. “As part of the program, Healthcare Solutions provides early information to Family Dollar that enables immediate action to be taken to improve clinical outcomes time also reducing costs.”
About Healthcare Solutions
Healthcare Solutions, Inc. is the father company of Cypress Care and Procura Management. Through its affiliated companies, Healthcare Solutions serves while a health service company delivering integrated solutions to the property and mischance markets, specializing in workers’ compensation and auto liability/PIP. The social meeting’s customers include insurance carriers, third party administrators (TPAs), managed care organizations (MCOs), dominion agencies and self-insured employers. Utilizing market-leading technology, Healthcare Solutions delivers demonstrated benefits and savings complemented by deep industry expertise. For more information, please visit www.healthcaresolutions.com.
About Family Dollar
Beginning with one store in 1959 in Charlotte, North Carolina, the Company commonly operates more than 6,600 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 association, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held assembly with common stock traded on the New York Stock Exchange while suffering the symbol FDO. For more information, please visit www.familydollar.com.
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