May 26, 2018

WorkCompRecap: Acquisition Action!

Today’s No Foolin’ issue of WorkCompRecap features some mega M&A news as Pharmacy Benefit Managers Catamaran and OptumRx (UnitedHealth Group’s freestanding PBM) announce that they have entered into an agreement to combine. Notably Catamaran also made WCW news recently in February with the announcement…[Continue Reading]

CompLinks: 4/1/15

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. 6 Things Employers Should Do To Avoid A ProPublica Report ReduceYourWorkersComp The Best Data Might Be Your Own MedMetrics Blog Brain Injuries Caused by Multiple Traumas Outlook on Outcomes Editor’s Note: These links lead to outside news… [Continue Reading]

Catamaran to be Acquired by OptumRx

New York, NY – OptumRx and Catamaran Corporation [NASDAQ: CTRX, TSX: CCT], a provider of pharmacy benefit management (“PBM”) services and technology solutions, recently announced they have agreed to combine. OptumRx is UnitedHealth Group’s [NYSE: UNH] free-standing pharmacy care services business…[Continue Reading]

Broadspire Names Ken Tolson Senior Vice President, Accident & Health

Atlanta, GA – Broadspire recently announced that it has named Ken Tolson to the position of senior vice president, Accident & Health, effective April 1. Broadspire is a leading third-party administrator of workers compensation claims, affinity and liability claims and medical management services and is a unit of Crawford. “It’s exciting that Ken is…[Continue Reading]

CA CHSWC Commissioners Bouma & McNally Reappointed by Governor Brown

Oakland, CA – The Commission on Health and Safety and Workers’ Compensation (CHSWC) is pleased to announce that Commissioners Christine Bouma and Sean McNally were reappointed to the Commission by Governor Brown. Christine Bouma, 48, of Sacramento, has served since 2012. Ms. Bouma has been president at Capitol…[Continue Reading]

WA L&I: Interpreter Charged with Overbilling State for “Physically Impossible” Trips

Tumwater, WA – A Des Moines Spanish-language interpreter faces a felony charge alleging she overbilled the state more than $5,600 for mileage and patient appointments that never happened. The Washington Attorney General’s office recently charged Bersabed Boling, 41, with one count of first-degree theft. She’s scheduled to be…[Continue Reading]

WorkCompRecap: Rates & Reports!

Today’s issue of WorkCompRecap features the Pennsylvania Department of Labor & Industry’s recent announcement that the state’s Compensation Rating Bureau’s most recent loss cost filing has called for a 5.99% decrease in workers’ comp rates, effective April 1. The DLI noted that the reduction was the fourth consecutive one in as…[Continue Reading]

CompLinks: 3/31/15

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. Pennsylvania considers employer medical control bill Sedgwick Connection Fate of Two Comp Alternatives Lies With Courts Risk & Insurance Payout of Ohio Workers’ Comp Settlement Delayed Insurance Journal Editor’s Note: These links lead to outside news sources.… [Continue Reading]

PA DLI Announces Significant Workers’ Comp Rate Cut While Maintaining Benefit Levels

Harrisburg, PA – The Wolf Administration recently announced that Pennsylvania businesses will see a significant cut in workers’ compensation insurance rates while benefit levels for injured workers will be maintained. Workers’ comp insurance rates will drop 5.99 percent, effective April 1, reducing a key expense for many companies and saving…[Continue Reading]

CA State Fund Releases 2014 Annual Report

San Francisco, CA – State Compensation Insurance Fund’s 2014 Annual Report is now available online. The report highlights a jump in net premiums earned of $1.669 billion, which is 53 percent more than in 2013. Other important highlights include: 139,000 policies were written in 2014, a six percent increase over the previous year, Net income…[Continue Reading]