Insight, analysis & opinion from Joe Paduda
Yesterday NCCI and several state bureaus and research organizations put on an excellent webinar on COVID’s’ impact on Workers’Compensation. The analysis covered 2020 data from 45 states. The full report is available here. Quick takes In 2020 about 80,000 COVID … Continue reading COVID, Comp, Claims and Costs
Read More...It’s time once again to see how I did on my 2021 predictions for workers’ comp. Today we’ll dive into the first 5 and finish up with the last 5 tomorrow. Total premiums will stay low. As employment, payroll, and … Continue reading 2021 predictions – How’d I do?
Read More...27 payers were kind enough to participate in this year’s Annual Survey of Prescription Drug Management in Workers’ Compensation. I’m working thru the data now…here are a few highlights. (The Survey falls under CompPharma, a workers’ comp pharmacy consultancy; as … Continue reading Latest data on WC drug spend, opioids, generics and PBM ratings
Read More...The internet, smart phones, electric vehicles, 9/11, genome sequencing…a lot has changed since 1990. But in workers’ comp…not so much. About 30 years ago OUCH (now part of Coventry) started the national workers’ comp PPO business. Liberty Mutual execs (literally) … Continue reading Has anything changed?
Read More...I spend a lot of time in the weeds, digging into facility reimbursement details, evaluating COVID infection rate studies, identifying new work comp scams, figuring out if WC claims will increase, railing at insurers and TPAs that aren’t doing what … Continue reading What’s the state of work comp “managed care”?
Read More...Hospital in patient and outpatient, surgery, DME/home health, PT, pharmacy, imaging, lab… Which one is NOT like the others?? That’s easy – when it comes to impact on legacy/older claims, it’s all about pharmacy. The older a claim is, the … Continue reading One is not like the others.
Read More...The 2021 WCRI Annual Issues and Research confab kicked off today with several excellent presentations – not surprisingly there was a lot about COVID and its impact on employment, injuries, and claims. The conference continues tomorrow – register here if … Continue reading WCRI on COVID and non-COVID claims, treatment delays (not) and drivers thereof
Read More...The short answer is – they have little incentive to do so. Here’s why. Workers’ comp insurance is mandatory in all states save Texas. Pretty much all employers have to carry workers’ comp coverage, so sellers of insurance and self-insurance … Continue reading Why don’t workers’ comp execs embrace change?
Read More...First – stay careful and smart – this is NOT the time to take risks; hospitals in many states don’t have room in their ICUs or ERs. Drive carefully, mask up (see below for info on the most protective mask), … Continue reading COVID update pre-holidays
Read More...Here in central New Hampshire the snow is piling up..so far we have somewhere around 2 1/2 feet with more to come. The weather reminded me of a vendor assessment project I did a while back for a workers’ comp … Continue reading The snow job
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