Insight, analysis & opinion from Joe Paduda
Joni Mitchell’s Big Yellow Taxi provides today’s lede…and for good reason. The handful of elected House members on the verge of shutting down the entire government claim no one will notice when the Feds are furloughed. Ha. Here’s a very … Continue reading A gubmint shutdown and you
Read More...M&A activity in the world of workers’ comp services has been somewhat quiet of late, although there’s been some under-the-radar activity that – taken together – shows consolidation continues. That’s no surprise…workers’ comp is a classic mature industry with all … Continue reading Mergers, acquisitions, and reasons therefore
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...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...Yes, attendance was way down. Yes, the exhibit hall was pretty quiet. Yes, it was really good to see old friends and colleagues, to re-connect and just smile at each other live, in person, and not in 2D. Yes, it … Continue reading National Work Comp – general impressions
Read More...As we march thru the list of big bigger and likely gonna-be-biggest WC services entities, we are now at the single service providers. This won’t take much time. Conduent is the leader in market share in workers’ comp bill review … Continue reading Consolidation in work comp services – comments on Conduent
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...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...Ed. note – got an email from a colleague asking “so why should I care about who owns who or what their strategy is?” Because your service providers – that you pay a shipload of dollars to and through – … Continue reading Consolidation in work comp services – multi-service vs single focus
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