Insight, analysis & opinion from Joe Paduda
Medicaid is the second largest payer in the US, with spending approaching three-quarters of a trillion dollars this year. In 2023, workers’ comp medical spend will be around $32 billion – just over 4% of Medicaid. Medicaid is a major … Continue reading Medicaid, workers’ comp claim severity, and healthcare deserts
Read More...and for the first time in forever I’m not there…apologies to my friends at WCRI; a Board meeting conflicted with this year’s annual meeting. Good news is the estimable Stuart Colburn Esq. provided an excellent summary of the session on … Continue reading WCRI kicks off…
Read More...Revenue Cycle Management. RCM is the acronym for a focused, ever-evolving, highly sophisticated approach hospitals, ambulatory care facilities and healthcare systems use to suck as many dollars as possible from employers, taxpayers and insurers. There are scores of RCM companies … Continue reading Why your facility costs are increasing.
Read More...Last time we talked about weapons…how many each side had, what’s been lost, and the challenges in replacing those weapons. Today’s newsfeed arrived with the VERY welcome news that Germany has OK’ed supplying Leopard 2 tanks, and we will be … Continue reading Wildly off-topic #13 – Tanks.
Read More...For profit hospitals have very solid operating margins. Some Not for profits are really struggling…others are doing just fine thank you. credit FierceHealthcare. That’s the headline – the question is…why? and what does this mean? First, a little more explanation… From … Continue reading Hospital profit margins – a bipolar mess
Read More...Yesterday the annual crawling-out-on-a-limb began, today it concludes with 5 more predictions for workers’ comp in 2023. 6. The growing impact of global warming will force changes in risk assessment, management and mitigation; technology adoption; and claims. The predicted (heat injuries, … Continue reading Workers’ comp 2023 – what does the year hold – part 2
Read More...Yesterday we dug into my prescience – or lack thereof – as laid out in my first 5 predictions about workers’ comp in 2022. Today, it’s the second 5. 6. With one or two exceptions, don’t expect much in the … Continue reading 2022 Predictions for workers’ comp – How’d I do part 2
Read More...Lots happened this week while I was hunting, driving, and finishing up the annual survey of pharmacy management in work comp. A quick update on pharmacy data points… across the 30 respondents we have so far (a few more to … Continue reading Friday catch-up
Read More...Is well underway. Likely impacts include: more hospitals shutting down their inpatient operations a decline (!!) in hospital employment even more aggressive land-grab efforts by rival health systems seeking highly profitable commercially insured patients (that’s you, dear reader) doubling down … Continue reading The hospital shakeout
Read More...Time to check in on how our Ukrainian friends are doing… Last time we focused on strategy vs tactics…today we’ll cover why the Russians continue to do stupid stuff while the Ukrainians take full advantage of technology. How who follow … Continue reading Wildly off topic #7, do our part.
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