Opioid prescriptions and pharmacy spending have dropped dramatically,
Alternative treatments to long-term opioid use offered by registered nurses
AmTrust Financial Services, Inc. (AmTrust), a leading provider of insurance for small businesses, today announced that its program to reduce the amount of opioids prescribed to injured workers is proving highly effective in reduce both the number of claims with opioid prescriptions, as well as pharmacy spending for opioids.
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(Graphic: Business Wire)
AmTrust analyzed its workers’ compensation claims paid by the company for the five-year period between 2017 and 2021. In 2017, 60% of claims had prescriptions containing an opioid. In 2018, that figure fell to 25%, and for the last full-year period of 2021, only 15.2% of claims were for an opioid. This represents a 75% reduction in prescriptions containing an opioid over four years.
Data shows AmTrust’s Nurse Prior Authorization Program significantly reduces opioid claims, pharmacy spend, and more than 50 MED (morphine equivalent dose).
In 2018, AmTrust formed a partnership with pharmacy care management company,
“Having a medical professional review a claim is not typical in the workers’ compensation insurance industry,” said
Instead of opioids, AmTrust recommends safer alternative treatments. These include non-opioid medications (eg, acetaminophen, ibuprofen, and NSAIDs), physical therapy and exercise, massage therapy, yoga, interventional treatments (eg, nerve blocks, epidurals and joint injections) and cognitive behavioral therapy (CBT).
A full copy of the “AmTrust Opioid Prescribing Risk Report 2022 and 2019” can be accessed at www.amtrustfinancial.com/opioids.
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in
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AmTrust Financial Services, Inc.
Marketing Director
[email protected]
646.870.1949
Source: AmTrust Financial Services, Inc.