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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pma Capital Corp. (MM) | NASDAQ:PMACA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.54 | 0 | 01:00:00 |
Workers’ compensation insurers and third-party administrators (TPAs) offer organizations something far greater than just necessary coverage and/or service—they offer peace of mind for the wellness of employees. Yet, with the pressure to improve bottom-line results, how can organizations trim workers’ compensation costs while getting every bit of that intangible peace of mind?
One of the surest ways to control, and perhaps reduce, your total workers’ compensation cost is to make certain your insurance carrier or TPA works with an effective, results-driven PBM, according to Tina Preisig, Senior Vice President of Managed Care for PMA Companies and author of the Company’s new white paper, “The 1-2-3 of an Effective PBM.”
“Workers’ compensation is a vital part of doing business for any organization,” Preisig said. “Now may be the time to revisit your program and find out whether or not your PBM is achieving as much as possible for your injured workers and your organization’s bottom line. While the peace of mind that comes with workers’ compensation is intangible, a strong Pharmacy Benefits Management solution as a component of the program can also bring tangible and measurable savings.”
Though a PBM program is seldom understood or fully leveraged to help manage the rising pharmacy costs of workers’ compensation, the white paper argues that an effective program can ensure appropriate spending on pharmacy and quality of care–especially given the staggering data regarding pharmacy costs in workers’ compensation:
The white paper details eight ways a PBM program can help control workers’ compensation healthcare costs:
The full paper, part of an educational series by PMA Companies called PMA Insights, can be viewed at www.pmagroup.com.
About the PMA Companies
The PMA Companies, www.pmacompanies.com, provides risk management solutions and services, including workers’ compensation and other property & casualty insurance throughout the United States. Headquartered in Blue Bell, PA, the PMA Companies are the operating companies of PMA Capital Corporation (NASDAQ: PMACA), a holding company, that includes the PMA Insurance Group, specializing in workers’ compensation and other commercial property & casualty insurance products; PMA Management Corp. and PMA Management Corp. of New England, providing results-driven risk management services and Midlands Management Corporation, a managing general agent with a specialty in excess workers’ compensation, program administration and fee-based TPA services.
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