Insight, analysis & opinion from Joe Paduda
Didn’t happen. That’s the result of a just-published study conducted by Olesya Fomenko PhD, one of WCRI’s talented researchers. Not only were there no delays during the first half of 2020, when the pandemic was raging – but there was … Continue reading Well, I got that one wrong…COVID-related treatment delays
Read More...After almost 5 months of negotiations and COVID19-related delays, Mitchell International owns Coventry Workers’ Comp. The price was around $875 million, with most of the value based on Coventry’s work comp PPO. The network is a cash machine, has been … Continue reading It’s done; Mitchell owns Coventry work comp
Read More...After weeks of speculation – most of it pretty accurate – it’s official. In one of the more impactful transactions we’re likely to see this year, CVS/Aetna has agreed to sell Coventry Workers’ Comp Services to Mitchell/Genex. Terms haven’t been … Continue reading The Coventry deal is done.
Read More...Just chill. Several readers have suggested I post on the coronavirus issue and how it relates to workers’ comp. My quick takeaway – it’s highly unlikely coronavirus will be contained – but the death rate (percentage of people who die … Continue reading Coronavirus Part One, the Bad News and the Good.
Read More...We are stuck in a self-destructive cycle, namely an industry-wide culture that rejects true innovation that leads to a huge talent deficit that prevents innovation. With few exceptions, there is little in the way of innovation, effective marketing, risk-taking, creativity … Continue reading A wake-up call for the insurance industry
Read More...Direct written premium was flat, combined ratio stayed low, loss costs decrease, and reserve deficiencies disappeared. Later this week I’m going to do a series of posts unpacking these findings and opining on what it means for you. For now, … Continue reading NCCI’s Kathy Antonello’s top takeaways on work comp for 2018 – part 1
Read More...Opioid prescriptions continue to drop, down 22% from 2013 – 2017. That’s great news indeed…but there are still far too many. The press release from the AMA calls for more Medication-Assisted Therapy, expanded treatment and access to that treatment – … Continue reading Let’s call it what it is.
Read More...Case management/bill review/UR/IME company Genex has been re-purchased by Stone Point Capital; Stone Point sold the business to Apax in 2014. Takeaways are: Stone Point really understands workers comp and the WC services business. The company is currently pursuing insurer AmTrust and … Continue reading Stone Point buys Genex – again
Read More...There are few people in this industry I respect and admire as much as John Hanna. John is the Pharmacy Director at Ohio’s Bureau of Workers’ Compensation, where he and Medical Director Steve Woods MD have done wonderful work on … Continue reading John Hanna – one of workers’ compensation’s good people
Read More...Some WCRI attendees thought my public criticism of former Republican Sen. Tom Coburn (OK) was inappropriate (many did not). Here’s why I called him out. First, in talking about disability, Coburn asserted that SSDI – Social Security Disability Income – … Continue reading Calling out Coburn at WCRI
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