Travelers Has Helped Injured Employees Cut Opioid Use by 30 Percent Since 2015
August 09 2017 - 7:00AM
Business Wire
Success credited to a combination of its
proprietary Early Severity Predictor® model and on-staff
pharmacists
The Travelers Companies, Inc., (NYSE: TRV) reported today a 30
percent reduction in the use of opioids among the more than 500,000
injured U.S. employees it has helped since 2015. This has been
achieved primarily through the use of the company’s Early Severity
Predictor model. The model identifies the likelihood that someone
will develop chronic pain – a leading cause of opioid
dependency.
Travelers shares the Early Severity Predictor results with the
injured employee’s physician allowing them to identify effective
treatment alternatives, like physical therapy, and in some cases
surgery is avoided to help ensure a safe recovery without the
prolonged use of opioids. Since January 2016, surgeries for the
company’s workers compensation cases have fallen by 25 percent, and
those who received alternative treatment methods recovered and
returned to work 10 percent faster than those who did not.
“Surgical procedures used to correct common workplace injuries
are oftentimes followed by an opioid prescription for pain,” said
Dr. Adam Seidner, Global Medical Director at Travelers, who is also
an addiction specialist. “Physical therapy and other treatments
limit the employee’s exposure to opioids and often produce better
long-term medical outcomes.”
Travelers, the nation’s largest workers compensation carrier,
has helped employers reduce medical expenses on identified claims
by up to 50 percent since it implemented the Early Severity
Predictor model in the beginning of 2015. The company typically
handles approximately 250,000 workers compensation claims each
year.
Travelers’ in-house pharmacy management program has also
contributed to these results. The company’s claim professionals use
detailed information gained from training with on-staff pharmacists
to assess the merits of requests for pharmaceutical payments and
identify the potential for overusing opioids and dangerous drug
interactions.
For more information about workers compensation products and
services from Travelers, visit www.travelers.com.
About TravelersThe Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto, home
and business. A component of the Dow Jones Industrial Average,
Travelers has approximately 30,000 employees and generated revenues
of approximately $28 billion in 2016. For more information, visit
www.travelers.com.
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The Travelers Companies, Inc.Robert DeMallie,
860-277-9026rdemalli@travelers.com
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