Insight, analysis & opinion from Joe Paduda
Is Not Good. that’s the primary takeaway from Bogdan Savych PhD’s presentation at WCRI’s annual conference– and a lot of other work I’ve done on the topic. Consolidation eliminates competition – although I’d posit there’s little true competition in health … Continue reading WCRI #4 – Provider consolidation’s impact on workers’ comp
Read More...Hospitals, health care systems, large multi-specialty groups – all are getting bigger by buying each other, merging, or snapping up smaller hospitals and physician practices. Providers smart/fortunate enough to be inside these mega-systems enjoy pricing power, strong brand recognition, and … Continue reading The impact of provider consolidation
Read More...Over the last few years, there’s been increasing consolidation among health care providers – hospitals buying physician practices, health care systems merging, hospitals ‘partnering with’ other hospitals. Overall, consolidation of providers has led to better health outcomes but had also … Continue reading Provider consolidation – higher prices, better outcomes
Read More...As we march thru the list of big bigger and likely gonna-be-biggest WC services entities, we are now at the single service providers. This won’t take much time. Conduent is the leader in market share in workers’ comp bill review … Continue reading Consolidation in work comp services – comments on Conduent
Read More...Last week we pondered Paradigm’s future, before that we mused about Mitchell’s. Today we opine about Optum. First, a little history. Back in the Pleistocene, I worked for what was then UHC. United Healthcare was considered the best managed care company … Continue reading Consolidation in work comp services – Opining on Optum’s future
Read More...Considering the landscape of service providers, one might think it easy to identify the acquirers and targets. Reminder – the companies we are considering are Mitchell/Genex/Coventry (MGC), Paradigm, Conduent, Optum Workers’ Comp, OneCall, ExamWorks and one step down, MedRisk (HSA … Continue reading Consolidation in work comp services – speculating on Mitchell’s future
Read More...Ed. note – got an email from a colleague asking “so why should I care about who owns who or what their strategy is?” Because your service providers – that you pay a shipload of dollars to and through – … Continue reading Consolidation in work comp services – multi-service vs single focus
Read More...Yesterday’s intro to the coming consolidation in workers’ comp services identified 7 entities – Mitchell/Genex/Coventry (MGC), Paradigm, Conduent, Optum Workers’ Comp, OneCall, ExamWorks and MedRisk (HSA consulting client) that might will be the last one(s) – standing when the music … Continue reading Consolidation in work comp services – PE vs Corporate owners
Read More...What’s coming is quite clear – there will be more consolidation in the work comp services industry, much of it likely in the next 12 months. Cue Bachman-Turner Overdrive… Workers’ comp is a shrinking industry; while there may well be … Continue reading Consolidation in work comp services – you ain’t seen nothing yet.
Read More...The only demonstrable impact of facility consolidation is higher prices. There’s also solid evidence that more concentrated health care markets are associated with lower health care quality. While the number of deals dropped by about 21% in the first half … Continue reading More hospital consolidation = higher prices
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