American Pharmaceutical Solutions LLC (APS) was created by a team of industry experts committed to optimizing the outcomes of self-insured and casualty insurance companies while providing superior service to claimants.
We understand the unique challenges associated with the specialized requirements of workers’ compensation and no-fault claims cases. And we know that cost control is paramount.
Lowering prescription transaction costs is the single greatest solution to reducing overall costs per claim.
The fees involved in delivering pharmaceuticals account for a substantial portion of expenditures, and we work diligently on behalf of our clients to minimize expenditures.
Pharmaceuticals remain a major component of both total clams and medical costs in treating workers’ compensation injuries and illnesses. Prescription drug costs surpassed $1 billion annually and are increasing at a rate of more than 4% annually. By offering the most competitive pricing in the industry, APS reduces costs for employers by lowering their spending related to workers’ compensation healthcare coverage. Lower costs and transparency result in overall cost savings for our clients.
Metrics that Minimize Costs
As claims age, pharmacy spend on claims quickly rises. Our proprietary analytics program tracks pharmaceutical costs to identify cases that should be targeted for settlement.
A National Pharmacy Network
Our national network provides access to more than 62,000 subscribed pharmacies, including overnight prescription delivery to 48 states. You can also benefit from excellent relationships APS has built with specialized pharmacies that:
- Focus on providing the lowest-cost, quality pharmaceuticals
- Have the ability to offer custom compounding at a significant discount
- Provide mail-order delivery
Smart Settlement Strategy
With our specialized understanding of workers’ compensation and no-fault cases, APS can offer guidance every step of the way, including pre-and post-settlement support. Medicals are handled differently pre- and-post settlement. For instance, pre-settlement medicals are subject to more restrictions regarding pricing and delivery. Our seasoned team understands the intricacies and can advise prudent settlement strategy and guidance.
Eliminate Stress and Administrative Headaches
Statutes that guide prescription processing, pricing and delivery vary by state. When problems arise, the burden and responsibility ultimately falls on the employer. APS assures smooth, accurate and timely transactions that adhere to requirements every time, so you can focus on your business, and your bottom line.
Cost efficiency benefits our clients and their customers. APS can help you deliver quality care and manage claims effectively, while reducing drug costs and lowering spending.
To talk to a member of our executive team, reach us by phone at 609-953-0440 or email us.