Insight, analysis & opinion from Joe Paduda
The implications of Mitchell’s acquisition of Coventry’s workers’ comp business are broad, from insight into the future of M&A in workers’ comp services to impact on competitors. (press release is here) Today we’ll dive into a few of the top-line … Continue reading Mitchell’s Coventry acquisition – implications abound
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...Apologies for the dearth of posts; vacation and slammed with client work. Went bike-packing last week in the wilds of Pennsylvania and Maryland – had a great time off the grid, camping out, solving world problems around the fire at … Continue reading COVID catch-up
Read More...A good friend and colleague sent me this note; with their permission I am posting it in its entirety. I read your post today with interest. Your projection that ALAE will be depleting the result of changes to operations during … Continue reading Do you know how to knit?
Read More...If survey respondents’ estimates of claim count reductions are accurate, we’re looking at about 20% fewer work comp claims in 2020 than last year. So, what does that mean? That’s about 1.2 million fewer claims. We can expect a greater … Continue reading COVID is whacking work comp…Let’s play this out.
Read More...It’s been a not-fun week – but far better here in rural America than a lot of other places…Here’s a few of the better memes I came across. Science marches on! For those who remember old movies…and why our kids … Continue reading Friday funday
Read More...COVID19 is having an impact on work comp payers’ pharmacy programs – but this isn’t due to treatments for the disease itself. That’s largely because there are no medications that have been shown to be safe and effective in treating … Continue reading COVID and pharmacy benefit management – an update
Read More...That’s one of the questions I asked 36 payers and service providers; here’s a snapshot of their responses along with some interpretation… Service types Briefly, those services that happen earliest in the claim and/or require face-to-face contact have seen the … Continue reading Which work comp service entities are most affected by COVID?
Read More...Four months into the COVID pandemic, early data show workers’ comp insurers are doing the right thing. Two data sources support this assertion – CWCI’s just-released analysis of 1,077 California claims and a dozen conversations I’ve had with insurers, large … Continue reading Hey legislators…don’t do stupid stuff
Read More...First, a clarification. Last week’s post re NCCI’s virtual Annual Issues Symposium needs clarification. Before I published the post I asked NCCI to comment on the lack of any reference to COVID claims counts in the presentation, saying “Any early … Continue reading Clarification, chronic pain treatment, COVID’s impact, and camel pee
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