Insight, analysis & opinion from Joe Paduda
Yesterday’s intro to the coming consolidation in workers’ comp services identified 7 entities – Mitchell/Genex/Coventry (MGC), Paradigm, Conduent, Optum Workers’ Comp, OneCall, ExamWorks and MedRisk (HSA consulting client) that might will be the last one(s) – standing when the music … Continue reading Consolidation in work comp services – PE vs Corporate owners
Read More...What’s coming is quite clear – there will be more consolidation in the work comp services industry, much of it likely in the next 12 months. Cue Bachman-Turner Overdrive… Workers’ comp is a shrinking industry; while there may well be … Continue reading Consolidation in work comp services – you ain’t seen nothing yet.
Read More...27 payers were kind enough to participate in this year’s Annual Survey of Prescription Drug Management in Workers’ Compensation. I’m working thru the data now…here are a few highlights. (The Survey falls under CompPharma, a workers’ comp pharmacy consultancy; as … Continue reading Latest data on WC drug spend, opioids, generics and PBM ratings
Read More...It has been a while since we checked in on OneCall. The investment community’s level of interest seems to be rising as I’ve had several calls from investment firms of late, all seeking information on what’s happening and what the … Continue reading What’s up with OneCall?
Read More...Never has the crystal ball been cloudier. A lack of visibility does not mean one shouldn’t think through what might be hidden within the clouds. To quote Dwight Eisenhower, “plans are useless, but planning is indispensable.” While what we think … Continue reading Predictions for 2021 – Workers’ comp
Read More...As tempting as it is to just ignore my predictions for workers’ comp in 2020 and blame mis-calls on COVID, that wouldn’t be right. So, here’s how I did. 1. The work comp insurance market will stay soft. Yep. And … Continue reading Last year’s predictions…how’d I do?
Read More...A dozen years ago, there were lots of relatively small companies delivering specific services to work comp payers. There were 10 PBMs. 5 bill review application and more diagnostic imaging vendors. Dozens of case management companies. Scores of IME firms. … Continue reading After the Coventry deal
Read More...After weeks of speculation – most of it pretty accurate – it’s official. In one of the more impactful transactions we’re likely to see this year, CVS/Aetna has agreed to sell Coventry Workers’ Comp Services to Mitchell/Genex. Terms haven’t been … Continue reading The Coventry deal is done.
Read More...Over the last two + weeks I’ve had a dozen or so calls with investors asking about the workers’ comp space. Mostly this seems driven by the OneCall debt issuance and financial situation, but the conversations all started with a … Continue reading Work comp services – quick takes
Read More...On its third CEO in four years and facing a tough financial picture, it’s time to think thru the challenges facing OneCall in 2019. First, workers’ comp is a declining business – claim counts continue to fall. When you’re as … Continue reading OneCall – what’s next?
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