Joseph Paduda's weblog on managed care for group health, workers compensation & auto insurance, covering health care cost containment, health policy, health research, and medical news for insurers, employers, and healthcare providers.
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A couple of sources informed me that the company CorVel bought in California is actually a Work Comp claims company - a third party administrator or TPA.
This is really confusing. Not only does CorVel sell their services to TPAs, but the TPA business in California is in the tank these days. While this may have helped CorVel get a good price, it also means opportunities are limited.
Not only does the stock price bewilder me, so does the strategy.
Joseph Paduda is the principal of Health Strategy Associates.
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Comments
They were marketing their new TPA services at RIMS in Hawaii. Aloha
Posted by: Tom | December 27, 2006 8:23 PM