Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Express Scripts Unveils Comprehensive Fraud, Waste And Abuse Program For Workers' Compensation Clients

Stock quotes in this article: ESRX 





ST. LOUIS, Feb. 27, 2012 /PRNewswire/ -- Express Scripts, Inc. (NASDAQ:ESRX) announced today it has established a comprehensive Fraud, Waste and Abuse (FWA) detection program for workers' compensation payers, which can help stem the rising costs associated with the widespread abuse of prescription narcotics.

(Logo: http://photos.prnewswire.com/prnh/20080827/EXPRESSSCRIPTSLOGO)

The new Express Scripts program offers a suite of services that can identify fake or forged prescriptions, overprescribing, prescriber-patient collusion, and injured worker identity theft or drug-seeking behavior.

"Injured workers who abuse prescription drugs put themselves and others at risk," said Tim Pokorney, clinical director of workers' compensation at Express Scripts. "Physicians who facilitate this type of behavior are also adding costs to the system and risk to workers' compensation payers. Given how common the use of narcotics is in treating workers' compensation patients, the cost of such abuse can add up fast.

"Existing programs are structured to catch anomalies such as patients with too many prescribing physicians or higher than normal dosage of narcotics. But industry-wide, such programs are not geared toward identifying fraudulent activities. Express Scripts' new FWA program is designed to do just that."

Express Scripts already offers advanced clinical programs, such as Retro Drug Utilization Review and ScriptAlert, to identify potentially fraudulent or wasteful drug prescribing and usage patterns in workers' compensation claims. Combining these capabilities with the company's expertise in analytics, along with a dedicated team of experts, the FWA program provides payers a new tool to detect and address potential problems. Express Scripts' team of experts includes registered nurses and pharmacists, attorneys, accredited healthcare fraud investigators, certified public accountants, former law enforcement officers, fraud examiners and internal auditors.

Prescription-drug abuse costs carry a high price tag. Research shows that pharmacy costs for opioid abusers are five to seven times greater than those for non-abusers. The average medical cost for abusers is $12,406 higher than non-abusers. Since opioids make up a large percentage of the drugs prescribed for injuries leading to workers' compensation benefits, fraud and abuse adds up to tens of millions of dollars of added waste.



Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,387.58 52.30 0.34%
NASDAQ 3,502.12 5.69 0.16%
S&P 500 1,669.16 2.87 0.17%
US 10 Yr 1.944% -0.021

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs