Insight, analysis & opinion from Joe Paduda

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Sep
23

Friday catch-up

Here’s what happened while we were all in full September mode…

Heat is much more dangerous than other environmental risks.  It’s also insidious, kills more of us than hurricanes, tornadoes, and floods. In July half of Americans lived in places that had excess heat alerts. And it is going to get worse – a lot worse…go here to find out how it will affect your home.

LWCC’s Jill Leonard, CA Joint Powers’ Jeff Rush and I will be discussing the impact of climate change on workers’ comp at National Work Comp Thursday October 20 at 12:30…see you there.

[I’ll also be on a panel focused on claim fraud mitigation with Change Healthcare’s Bill Barbato and Jennifer Gant and the Las Vegas PD’s Task Force Officer Jefferson Grace; that’s Wednesday October 19 at 1:30. ]

Merrill Goozner wrote a great piece dissecting Amazon’s repeated attempts to enter the health care insurance and delivery space.  The giant is looking to acquire One Medical.

From Merrill…

A recent analysis of One Medical’s 182 medical offices showed they are located in the top 10 percent of America’s most fortunate communities. Its clientele, which stood at 736,000 individuals at the end of 2021, is overwhelmingly urban, wealthy, non-Hispanic white, and college-educated.

My take is the bifurcation of our healthcare world is widening; for-profits continue to focus on the most profitable sector, namely fee-for-service employer plans. These plans pay much more than Medicare/Medicaid while avoiding any responsibility for expensive diagnoses.

If you’re curious as to how much your business is worth, here’s a useful piece offering guidance. Key takeaways:

  • most owners and managers of midsize, privately held companies (family-owned and otherwise) operate from day to day with no clear understanding of their value.
  • A close analysis of your firm’s most important value drivers [is key]: those characteristics of your business that make it unique. Even companies in the same industry and with similar metrics may vary widely on everything from the quality of their leadership to pricing power to brand equity.

Finally, WorkCompCentral’s annual Comp Laude celebration is just around the corner – registration is here – see you there.


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Joe Paduda is the principal of Health Strategy Associates

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A national consulting firm specializing in managed care for workers’ compensation, group health and auto, and health care cost containment. We serve insurers, employers and health care providers.

 

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