Insight, analysis & opinion from Joe Paduda
Last week we pondered Mitchell’s future; as (perhaps) the largest WC entity outside the TPA space Mitchell/Genex/Coventry has an enviable position – albeit one that is by no means dominant. Today our attention turns to Paradigm, a company I’ve written … Continue reading Consolidation in work comp services – speculating on Paradigm’s future
Read More...Paradigm is evolving rapidly – and none too soon. A data-driven firm known for taking risk on catastrophic claims, Paradigm has strengthened its behavioral health offerings, and added case management, specialty and network services, all intended to make the company … Continue reading What’s up with Paradigm?
Read More...Paradigm will be acquired by investment firm Omers, a Toronto, Canada headquartered company. Sources indicate the price was approximately 14 times earnings; by my calculation, the total valuation was above a billion dollars. Till now, Omers had not been visible … Continue reading Paradigm Outcomes acquired
Read More...‘Managing the Impossible’, an analysis of catastrophic case management firm Paradigm’s results and comparison of those results to those achieved by work comp insurers, has been sitting on the upper right corner of my desk for a couple of months … Continue reading Why doesn’t Paradigm have more business?
Read More...Yesterday we dove into the Paradigm-HomeCare Connect transaction and opined on the whats and whys. Today the TRISTAR-Risico deal is up for discussion. Background TRISTAR is a mid-tier national TPA, known for its work with employers and public entities. TRISTAR … Continue reading Acquisitions and takeaways therefrom, Part 2
Read More...Two recent acquisitions and one possible transaction provide insight into investors’ views of the workers’ comp services sector. Spoiler takeaway – Size is good; a) up to a point, b) as long as the additions strengthen management, add solid revenue and are … Continue reading Acquisitions & takeaways therefrom, part 1
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...Apologies for lack of posts this week; this was the annual father-son hunting trip, and work is strictly banned. Here’s what happened this week… News hit the wire that Enlyte (aka Mitchell Genex Coventry) is for sale. Owner Stone Point … Continue reading Friday update
Read More...Last week we pondered Paradigm’s future, before that we mused about Mitchell’s. Today we opine about Optum. First, a little history. Back in the Pleistocene, I worked for what was then UHC. United Healthcare was considered the best managed care company … Continue reading Consolidation in work comp services – Opining on Optum’s future
Read More...Considering the landscape of service providers, one might think it easy to identify the acquirers and targets. Reminder – the companies we are considering are Mitchell/Genex/Coventry (MGC), Paradigm, Conduent, Optum Workers’ Comp, OneCall, ExamWorks and one step down, MedRisk (HSA … Continue reading Consolidation in work comp services – speculating on Mitchell’s future
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