Insight, analysis & opinion from Joe Paduda
Nine months into the pandemic and well into the third wave, it’s time to see what’s changed – and for how long. Remote is here to stay. Whether you are a claims professional, case manager, executive or manager,, clinician or … Continue reading What’s different now?
Read More...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...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...And that has big implications for private insurance and workers’ comp. An insightful piece by Milbank Fund President Chris Koller details the carnage (Chris and I serve on Commonwealth Care Alliance’s Board of Directors). Total healthcare spending in March was … Continue reading Hospitals and medical practices are losing billions.
Read More...A dozen years ago, there were lots of relatively small companies delivering specific services to work comp payers. There were 10 PBMs. 5 bill review application and more diagnostic imaging vendors. Dozens of case management companies. Scores of IME firms. … Continue reading After the Coventry deal
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...We know work comp medical costs are not increasing; the question is, how does this impact stakeholders? Employers are pretty happy; comp costs as a percentage of payroll are at or near an all-time low. Insurers are doing great; combined … Continue reading Work comp medical trend is flat – implications abound!
Read More...You can’t afford other stuff because healthcare is so expensive. Would Single Payer/Medicare for All fix that? I’m revisiting the topic so we can better understand the many variations of SP/MFA, how they are different, how those variations might work, … Continue reading Could Medicare for All solve your healthcare cost problem?
Read More...Well, proving once again that I can’t/won’t learn from past mistakes, here are five of my predictions for 2020. The work comp insurance market will stay soft. As in mushy, pillowy, baby rabbit fur soft. Multiple factors make a strong … Continue reading Predictions for workers’ comp in 2020
Read More...