A very long time ago, a professor in a business school class said, “You have to differentiate between things that are important and things that are urgent.”
That may very well be the most valuable lesson I learned in business school, although it’s one I constantly wrestle with.
I bring this to your attention, dear reader, because there’s been a very important series of blog posts sitting in my drafts folder for weeks now. I should have finished and posted them a month ago, but more urgent things kept coming up. Mea culpa.
So enough of my time-management problems. Here’s what’s so important.
Writing in IAIABC’s Perspectives, Jeff White said:
Even more unconventional P2P insurance models are planning to go to market in 2017, some with the intent to cut out the insurance company altogether. Their plan is to initially appeal to the one-third of the U.S. population that is wildly open to sharing money and property, even if they have never met each other in person before. These companies are adopting models taken straight out of the current Fintech playbook using crowdfunding, microfinancing and P2P lending models as their guide.
Jeffrey Austin White is the smartest person I know in work comp. Jeff also has the unique ability to instantly grasp highly technical issues and, more importantly, explain them to the rest of us so that we understand the issue, AND get its implications.
You need to read his article, because it explains precisely what the future— peer-to-peer networks, crowd-funding, blockchain — holds for health care and workers’ comp.
This future has huge implications for buyers, regulators, suppliers and other stakeholders. A few examples:
I’m going to dig deep into this in the next post.
Joe Paduda is co-owner of CompPharma, a consortium of pharmacy benefit managers. This column is republished with his permission from his Managed Care Matters blog.
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