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HR Challenges in the Pharmaceutical Industries

Vantage Circle

All of which will imply how the pharmaceutical industry is likely to conduct its business in the near future. With the constant layoffs, corporate mergers and acquisitions in the pharmaceutical market, and rise in the compensation standards, many businesses have also adopted an outsourcing business model. Development in Technology.

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Report: Group Health Plan Cost Inflation to Pick Up Steam

InterWest Insurance Services

in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. Many will require specialized medical care, extensive rehabilitation, advanced medical equipment and potential vehicle and home modifications. However, some pharmaceuticals cost much more. The cost hike is almost double the 4.5%

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Employers Wrestling with Covering Weight-Loss Drugs

InterWest Insurance Services

These groundbreaking drugs — the most popular sold under the brand names Mounjaro, Ozempic and Wegovy — are partly to blame for overall pharmaceutical benefit costs jumping 8.3% People who take these medications can see dramatic weight loss, which has spurred a surge in prescriptions. in 2023, compared to an increase of 6.4%

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8 Ways Employers and Employees Can Save On Prescription Medications

Griffin Benefits

While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". In a future post, we'll offer tips on how to save money on common medical procedures.

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Cardinal Health

HR Lineup

Cardinal Health is a healthcare services and products company that provides medical and surgical products, pharmaceuticals, and services to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices worldwide. The company operates through two segments: Medical and Pharmaceutical.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

” And as new and more expensive pharmaceuticals hit the market, the portion of overall health care costs that goes towards medications will continue to rise. One contributor to the increasing prices that your staff pay for their medication may be the pharmacy benefit manager that your insurer uses.

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Report Details 3 Trends Driving Employers’ Health Care Costs

InterWest Insurance Services

The “ 2024 Employee Health Trends” report by Springbuk, an online health intelligence platform, reflects concerns among employers and insurers about runaway drug costs due to increasingly expensive medications and new diabetes and anti-obesity drugs. Consider partnering with a clinical program that addresses obesity.