Insight, analysis & opinion from Joe Paduda
Download the latest Survey of Prescription Drug Management in Workers’ Comp here… Key takeaways Total drug spend in workers’ comp was likely around $2.9 billion in 2021. The multi-year decline in drug spend seems to have flattened out; across all … Continue reading Drugs and workers’ comp, part 1
Read More...is pretty good. Here are the very preliminary takeaways from the latest Survey of Prescription Drug Management in Workers’ Comp…so far 21 phone interviews completed and several more still to go. [if you’re new to MCM, we’ve done an annual … Continue reading The state of work comp pharmacy
Read More...WCRI’s webinar on interstate variations in drug payments reminds us that lax regulations and absent legislators cost taxpayers and employers millions. Slides are here – and are free to access. The report itself is here – available free to members … Continue reading Work comp drug spend – profiteering rampant in LA FL and PA
Read More...There’s been a lot of news around work comp pharmacy of late – time to dive into what’s happening, why, and the implications thereof. No better place to start than WCRI’s just-published study on the latest in drug trends across … Continue reading Work comp pharmacy week!
Read More...The work comp Pharmacy Benefit Management business has become hyper-competitive; total drug spend has dropped 6 of the last 7 years, there’s been massive consolidation of PBMs, margins are declining…all signs of a very mature industry. Sounds like a not-very-attractive-business…right? Well, … Continue reading A creative way to generate work comp PBM revenue.
Read More...A panel discussion on the State of the Workers’ Comp System featuring Alan Pierce, David Langham, John Ruser and Bruce Wood closed WCRI’s 38th Conference. The discussion was spirited, there were significant disagreements all handled with respect and courtesy – … Continue reading How’s the work comp “system” today?
Read More...I’ve done a few podcasts recently, and find them to be a lot of fun. Yvonne and Rafael hosted me in a kick off the second season of their Deconstructing Comp pod…we dove into opioids, humility, making things real, testifying … Continue reading Quick hits…
Read More...One of the top work comp events is three weeks away – WCRI’s annual research conference kicks off on March 23 and continues the following day. Registration is here. I connected with John Ruser PhD to get the scoop on … Continue reading COVID, Claims, Employment, Opioids, and Physical Therapy – WCRI’s got it all
Read More...The 9 reasons I love CWCI’s annual conference. Consistently great content– timely, up-to-the minute data is analyzed and presented by experts who really understand the California work comp system, have deep experience in that system, and use that experience to … Continue reading Why I love the CWCI Conference
Read More...In the fourteen years I’ve been surveying work comp payers on their views on pharmacy, I’ve never seen so little consensus among respondents on emerging issues. In past years compounds, physician dispensing, opioids, price inflation, and new drug introductions have … Continue reading There’s no BIG problem in work comp pharmacy – and that’s scary.
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