Advisers Say New Drug Formulary Will Reduce System Costs by Nearly 3%

The implementation of a drug formulary this year will save 2.7% in overall system costs, the Tennessee Advisory Council on Workers’ Compensation states in its annual report. Additional savings are possible through the creation of medical treatment guidelines, says the newly released report, which covers July 1, 2015, to June 30, 2016. The state Bureau of Labor Statistics reported 124 work-related fatalities in Tennessee in 2014, compared to 95 in 2013 — an increase of 22%, the report says. Tennessee’s non-fatal occupational injury and illness incidence rate was 3.2 per...