Insight, analysis & opinion from Joe Paduda
Managed care firm CorVel recently announced its results for the most recent quarter; revenues are down 7% and EPS dropped 12.5%. The company attributed its poor returns to soft claims volume in the workers comp sector (the source of most … Continue reading CorVel earnings report
Read More...CorVel Corp just announced its results for the quarter and nine months ending December 2004 , and the picture isn’t pretty. Both revenues (down about 7%) and profits (dropped about 30%) declined significantly from the same period in 2003, while … Continue reading CorVel results
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...We are three months into the COVID pandemic, and the impact on workers’ compensation is altering the entire industry in ways unimaginable just weeks ago (early takeaways are here). (before we jump into this, you have to watch a few … Continue reading COVID’s impact on workers’ comp – part 3
Read More...Hope your week was excellent, and the weekend is full of family and fun. Here’s a few takeaways from this week… Congratulations to Ken Martino; he’s been named president of MedRisk, a post formerly held by Mike Ryan. Mike remains … Continue reading Quick takes on the week that was
Read More...Timing is everything. Taken together, two seemingly-unrelated things that hit my inbox this morning – CorVel’s quarterly results and the daily alert from Harvard Business Review – provide perspective on how to handle a crisis. Readers of MCM will recall … Continue reading Crisis management 101
Read More...Our last Bill Review Survey was in 2012; things have changed a lot since then – and mostly for the better. Overall Industry rating Six years ago we asked the 24 respondents to rate their overall impression of vendors on … Continue reading Bill Review Survey, Takeaway #3
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...When they buy a company, investors are betting the story they’re told is accurate, that it fairly represents future opportunities and risks. They’re betting on management – the people who built the company, that they’re who they appear to be … Continue reading Doing diligence on a potential acquisition
Read More...What’s up? Implementing health reform Remember the big concern that employers would drop employee health insurance in response to ACA, and employees would lose coverage? Looks like that has not happened. The latest data indicates that the number of employees enrolled in employer … Continue reading Friday catch-up
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