Tuesday's non-announcement that ExamWorks bought Optum’s Settlement (MSA) business should not have been a surprise.
Joe Paduda
Word on the street is that Optum’s been trying to offload its pharmacy benefit management and ancillary services businesses for some months now. That and, for those of us who’ve been in this business for a while, UnitedHealthcare’s history in workers' comp make this almost inevitable.
Here’s what I wrote on this a few years ago.
[A]t various times, the company [UHC] owned:
So, this marks the sixth time (at least) UHC has gotten into and out of workers’ comp and WC services.
Briefly, my educated view is:
One data point: Total national work comp medical spend is a bit over $30 billion. That is 1/12th of UHG’s total revenue.
What does this mean for you?
History predicts the future.
Joseph Paduda is the principal of Health Strategy Associates, a consulting firm focused on improving medical management programs in workers’ compensation. This column is republished with his permission from his Managed Care Matters blog.
Jul 29 – Aug 2, 2024
SAVE THE DATE! 76th Annual SAWCA Convention July 29 August 2, 2024 Hotel Effie Sandestin 1 Grand …
Aug 14-17, 2024
California Society of Industrial Medicine and Surgery (CSIMS) is combining its two conferences, PI …
Sep 23-26, 2024
The IAIABC invites you to the IAIABC 110th Convention, "Passport to Solutions". The IAIABC Convent …
No Comments
Log in to post a comment