Insight, analysis & opinion from Joe Paduda
Most times I’m right, sometimes I’m not – at least that’s what I want to believe. I’ll let you be the judge – here’s how I did on my predictions for 2018. A lifetime ago here’s what I said would … Continue reading 2018 Predictions – how did I do?
Read More...Pharmacy costs are dropping, imaging is not an issue, physician expenses are growing modestly, and while PT payments are going up a bit, much of that is fee-schedule driven. The problem area – and it is a big one – … Continue reading Work comp payers – watch out for facility costs
Read More...WorkCompWire’s Leaders’ Speak column features a two-parter from Jack Bailey of Bailey Southwell. He has worked on a lot of transactions in our space and knows a lot about deal-making. Bailey’s point about the growing importance of technology, and specifically … Continue reading Work comp services: Specialize or Generalize?
Read More...Hurricane Florence will devastate much of North and South Carolina and parts of Virginia as well. Florence will have some impact on workers’ comp – and in some ways already has. Industry capacity – The work comp insurance market remains … Continue reading Florence and work comp
Read More...Glorious week here in New York’s Finger Lakes – high 70s, lots of sun, nice breeze. I know, Florida friends, you’ll be gloating in February when it’s 10 below and snowing sideways… Hospitals NCCI’s just-released research indicates facility costs are … Continue reading Friday catch-up – Hospitals and a BS alert
Read More...The reason opioid abuse disorder (OAD) is such a huge problem is because no one’s figured out how to a) fix it while b) making a shipload of money. Sure, there are “solutions” that address bits and pieces including: urine … Continue reading Why we’re not solving opioid addiction
Read More...My best guess is about a quarter of those are work comp patients. Opioid use disorder (OUD) drains the workforce of qualified, experienced workers, costing our economy $40 billion. Healthcare costs for OUD alone were $28 billion in 2015 – … Continue reading 919,400 people aren’t working because of opioid use
Read More...Not me. One state fund has reduced the number of patients dependent on opioids by 60 percent over five years. That’s 4,714 moms, dads, brothers, sisters, grandparents, sons, and daughters who can get back to living a real life, one … Continue reading Who says gubmint can’t do anything right?
Read More...Good to be back at work – and ready to opine on what 2018 holds for work comp. Here, in no particular order are my educated guesses, considered opinions, and wild-assed speculations. M&A – specifically big deals – will increase. … Continue reading Predictions for work comp in 2018
Read More...There are two big takeaways – the price, and why Paradigm paid so much. Sources indicate Paradigm has bought Foresight for around $150 million, a huge multiple for a relatively small company with trailing earnings of less than $5 million. … Continue reading Why the Foresight deal is different.
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