CorCareRX - PowerPoint PPT Presentation

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CorCareRX

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Pharmacy costs make up 10-15% of the total medical charges on Workers' Compensation Claims ... Cub, CVS, Rainbow, Target, Snyder's, Walgreen's, Wal-Mart ... – PowerPoint PPT presentation

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Title: CorCareRX


1
State of Minnesota Workers Compensation CorCare
Rx-Pharmacy Program
Katie Friend, Account Manager Deb Campbell, Area
Vice President October 2008
2
Pharmacy Costs
  • Pharmacy costs make up 10-15 of the total
    medical charges on Workers Compensation Claims

3
Missed Savings
  • Billed RX Charges for Past Year
  • 1,236,736
  • Potential Savings with CCRX-15 185,510

4
Agenda
  • Program Benefits
  • Network
  • First Fill Cards
  • Mail Order
  • ID Card Work Flow

5
Benefits
  • No Out-of-Pocket Expense for Injured Employee
  • Large Pharmacy Network
  • Eliminates Calls from Third Party Payors and/or
    Pharmacies
  • Savings are Captured with First Prescription

6
Benefits
  • Utilization Management
  • Refill too Soon
  • High Dose Alerts
  • Generic Substitutions
  • WC Formulary-Common Exclusions
  • Diabetic Supplies, Immunologicals, Lipitor,
    Smoking Cessation Drugs, Vitamins, etc.

7
Minnesota-Network
  • Retail Service
  • Over 800 Retail Pharmacies in CorVel Network
  • Cub, CVS, Rainbow, Target, Snyder's, Walgreens,
    Wal-Mart
  • Prior Authorization Process Managed by CorVel
  • 24/7 Customer Service available for Injured
    Employee, Employer Pharmacies

8
Benefits of First Fill
  • First Fill Program
  • No Out-of Pocket Expense for Injured Employee
  • Expedites Treatment
  • Reduces Cost
  • Savings are Captured with First Prescription

9
Long Term Prescriptions
  • Mail Order
  • DOI gt 6 months or Diagnosis Code with 3 or More
    Refills of Same Medication
  • Up to 90 Day Allowance of Medications Following
    WC Formulary Guidelines
  • Convenient Safe with Timely Delivery
  • Compliance Monitoring Education with Clinical
    Pharmacist Available 24/7
  • Increased Cost Savings

10
Pharmacy ID Cards
  • Required Program Component
  • Cards are Termed in 90 Days
  • Unique ID Number for Each Claim
  • Eliminates Out-of-Pocket Payments

11
Summary
  • State of MN and CorVel-CCRX
  • Working to relieve your headaches one
    prescription at a time!

12
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