Insight, analysis & opinion from Joe Paduda
Because they can. Healthcare – and more specifically facility-based healthcare – is a very mature industry and – with one huge exception – exhibits all the hallmarks of such…continued widespread consolidation, shuttering of marginal locations and elimination of unprofitable business … Continue reading Why hospital costs are going up
Read More...Yesterday the annual crawling-out-on-a-limb began, today it concludes with 5 more predictions for workers’ comp in 2023. 6. The growing impact of global warming will force changes in risk assessment, management and mitigation; technology adoption; and claims. The predicted (heat injuries, … Continue reading Workers’ comp 2023 – what does the year hold – part 2
Read More...The work comp Pharmacy Benefit Management business has become hyper-competitive; total drug spend has dropped 6 of the last 7 years, there’s been massive consolidation of PBMs, margins are declining…all signs of a very mature industry. Sounds like a not-very-attractive-business…right? Well, … Continue reading A creative way to generate work comp PBM revenue.
Read More...Healthcare costs are about to jump again, driven by exploding staffing expenses, continued healthcare provider consolidation, and the brilliant profiteering by some of the largest (mostly for-profit) healthcare systems. So, what’s a family to do? A few have turned to … Continue reading Healthcare Sharing Ministries – the latest
Read More...In addition to my focus on work comp medical management I’m deeply involved in governmental programs (Medicare/Medicaid/dual eligibles) and related businesses. Here’s a few things work comp would do well to understand/explore/pursue. Auto-adjudication of medical bills – the standard target … Continue reading Things work comp can/should learn
Read More...Sean Cooper and Raji Chadarevian delivered perhaps the most useful presentation I’ve seen at any NCCI Conference…There’s a LOT 0f important – and very timely – information in their presentation, so I strongly encourage you to watch it – or … Continue reading Medical cost drivers in work comp – NCCI’s take
Read More...Work comp is still way over-priced, incredibly profitable, and the industry – defined as total revenues – is a lot smaller than it appears. Those are my key takeaways from NCCI Chief Actuary Donna Glenn’s presentation just completed in Orlando … Continue reading NCCI’s State of the Industry 2022
Read More...My apologies for the previous attempt to post this…a picture in the post somehow blocked the view of the body of the post. What’s the deal with long-term COVID? Why are facility costs increasing and where? How will labor market … Continue reading This one works…COVID, facility cost drivers, employment – don’t miss WCRI’s annual confab
Read More...What’s the deal with long-term COVID? Why are facility costs increasing and where? How will labor market disruptions affect work comp? These and other questions will be addressed in Boston March 16 and 17 at WCRI’s Issues and Research Conference. … Continue reading COVID, facility cost drivers, employment – don’t miss WCRI’s annual confab
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?
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