Optum will continue to monitor these trends as they unfold in the coming years and work with key players to ensure policies align with data and emerging treatment modalities in the workers’ comp space.
“These topics are the main focus areas we’re watching and working on for the 2025 timeframe,” Tribout said. “We’ll continue to monitor these key issues and work with our trade associations for policy development.”
Optum is also carefully monitoring the potential impact of the recent tariffs on international suppliers on the cost and availability of treatments. Our organization already has protocols in place to address potential medication shortages that may occur in the market or in our home delivery pharmacy. We provide the injured person with options: they can be put on a 30-day medication waiting list; they can ask their doctor to prescribe an alternative medication; or they can have their prescription transferred to a local pharmacy that has the medication in stock.
And as Drew Holcomb, Director, Ancillary Network, Optum added, “Another chief concern from the healthcare community has been the potential impact on DME and supplies. Currently, there has been no exemption announced for these products and with the present manufacturing landscape spread globally, cost increases seem inevitable. Unfortunately, for a healthcare organization that purchases DME or supplies, it is very difficult to project the potential increase in cost, since it is at the supplier’s discretion of how to adjust their pricing based on their increased tariff expenses when importing goods.”
There are numerous healthcare suppliers and organizations lobbying the administration to consider a carve out for MedTech, DME, and supplies due to the potential consumer impact as well as accessibility concerns for patients in need.
Optum is watching and evaluating the situation closely, As Eric Harrison, Director, Financial Analysis stated, “We understand that this issue is of utmost importance to our clients and will continue to communicate any relevant information as we become aware of it. At this point, while there is a great deal of speculation and concern about what could happen if the tariffs were imposed on pharmaceuticals, so far there have only been threats. The only real action taken to date by the current administration has been the initiation of probes and investigations.”
By keeping the lines of communication open with clients and suppliers regarding any events or updates that could affect shared business interests, Optum will continue to support patient and provider satisfaction through timely access to clinically appropriate treatments and payer goals through cost-effective claims management.