Here’s my quick take on other interesting/important news of the week…
There’s been a good bit of chatter about and fallout from Apax’ acquisition of Genex.
Yes, the specialty networks (NSI and MDN) will be part of OneCall, while the case management and bill review will be operated separately. HOWEVER, a single Apax fund purchased all parts of Genex, so the financial ownership is the same. Is it possible that Genex and OCCM will operate independently? Highly doubtful; big investment firms don’t invest hundreds of millions of dollars then ignore opportunities to drive revenue to their other companies.
On a personnel matter, I’ve been inundated with LinkedIn requests and other contacts from current Genex and NSI staff. According to two individuals, they’ve been asked to sign non-competes by early next week. If they don’t, they have been told they will be terminated. Ouch.
NCCI published an excellent review of the underwriting cycle, one that is a lot more worthy of a read than that trashy novel tucked into the beach bag.
The on shoring movement, where manufacturers are moving their operations back to North America, appears to be gathering momentum, Big potential impact on workers’ comp, altho it is important to remember that a) injury rates and severity in manufacturing have declined precipitously and b) a lot of the returning work is going to Mexico.
The rapidly-changing hospital market is dramatically affecting prices, costs, and utilization. Two excellent pieces in Health Affairs dig into this in detail; the link takes you to one.
Lots more, but time to get to work!