March 21, 2018

IAIABC to Explore Telehealth in Work Comp at The Forum 2018

iddleton, WI – As telehealth gains traction in workers’ compensation, state officials are seeking insight into the practice so they can develop a balanced regulatory response. Attendees will explore telehealth practices at a half-day workshop on April 18, 2018 during The IAIABC Forum in Atlanta. The session will stimulate important discussion on administrative, legal, clinical, and security issues. MedRisk, a workers’ compensation physical rehabilitation provider, will begin the program with a simulated physical…[Continue Reading]

Paradigm Outcomes Announces Senior Leadership Team Appointments

Walnut Creek, CA – Paradigm Outcomes recently announced new senior leadership appointments, including Marijo Storment as CEO of both case management brands in its portfolio: ALARIS and Encore Unlimited; Jennifer Hinshaw as Chief Product and Strategy Officer and Tom Mastri as Executive Vice President of Finance and Business Development. All three executives have previously served in related leadership roles at the company and will report directly to CEO John Watts. “As Paradigm…[Continue Reading]

NY Construction Worker Sentenced to Up to Four Years in Prison for Theft of Workers’ Comp Benefits

Albany, NY – New York State Inspector General Catherine Leahy Scott recently announced the sentencing to prison of a capital region construction worker who falsely testified about his employment status and stole more than $5,000 in Workers’ Compensation benefits to which he was not entitled. William C. Svida, 56, of Route 66, Chatham, a predicate felon, was sentenced Thursday by Columbia County Court Judge Hon. Jonathan Nichols to 2-to-4 years in state prison for the crimes of Grand…[Continue Reading]

Montana State Fund Board Approves 8% Rate Reduction

Helena, MT – The Board of Directors of Montana State Fund (MSF), Montana’s largest workers’ compensation insurance carrier, has approved an 8% reduction in premium rate level. The rate reduction is an overall average and the specific classification codes will vary based on each industry’s loss experience. The rate filing must still be reviewed and approved by Montana’s Insurance Commissioner to ensure it is not excessive, inadequate or unfairly discriminatory. This marks the twelfth consecutive year MSF rates have…[Continue Reading]

ReEmployAbility Celebrates 15th Anniversary by Introducing Ideas to Enhance Experience

Tampa, FL – When ReEmployAbility opened its doors 15 years ago, it was due to a passion for return to work and its value as the single most important factor that drives success in a workers’ compensation program. The company has grown tremendously during those 15 years, and as they continue that trajectory, it has become increasingly important for the company to maintain a customer focus. That is why this year will be marked by the launch of several innovative initiatives that will enhance the customer…[Continue Reading]

FL Doctor Pleads Guilty to Receiving Kickbacks for Writing Prescriptions for Compounded Medications

Tampa, FL – Dr. Anthony Baldizzi (54, Largo) recently pleaded guilty to conspiracy and receiving illegal kickbacks related to a federal health care benefit program. He faces a maximum penalty of 10 years in federal prison. A sentencing date has not yet been set. According to the plea agreement, Baldizzi, a medical doctor practicing in Pinellas County, wrote prescriptions for compounded creams for scars and pain, among other things. These creams, which were prescribed to TRICARE beneficiaries and others, cost…[Continue Reading]

WCRI Conference Delves into Future of Work and Impact on Workers’ Compensation

Cambridge, MA – A distinguished panel at the Workers Compensation Research Institute’s 34th Annual Issues & Research Conference, March 22-23, 2018, in Boston, MA, will help the audience look ahead at the fast-changing world of work and the implications of this change for workers’ compensation. “There is a lot of uncertainty about the future of work and the impact it will have on workers’ compensation. This panel will help us see the road ahead and predict how it will impact the workers’ compensation…[Continue Reading]

Ohio BWC Expands Grant Program for Firefighter Safety

Columbus, OH – Due to heavy demand, the Ohio Bureau of Workers’ Compensation (BWC) is more than doubling its funding for a new grant program aimed at protecting firefighters from carcinogens and other toxins that cause long-term health ailments. Visiting a fire station in Westerville ahead of Governor John Kasich’s recent State of the State address, BWC Administrator/CEO Sarah Morrison said her agency had originally allotted $2 million this year for its Firefighter…[Continue Reading]

Stone Point Capital Completes Acquisition of Genex Services from Funds Advised by Apax Partners

Wayne, PA – Genex Services recently announced that funds managed by private equity firm Stone Point Capital LLC (“Stone Point”) have acquired a majority interest in Genex from funds advised by Apax Partners, a global private equity firm. Financial terms of the transaction were not disclosed. Founded in 1978, Genex helped introduce the medical management concept and has become one of the largest and most experienced medical cost containment and disability management providers…[Continue Reading]

U.S. Physical Therapy Reports Year-End 2017 Earnings

Houston, TX – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics, recently reported results for the fourth quarter and year ended December 31, 2017. For the fourth quarter ended December 31, 2017, USPH’s Operating Results increased 16.9% to $6.2 million as compared to $5.3 million in the fourth quarter of 2016. Operating Results, a non-generally accepted accounting principles (“non-GAAP”) measure, is defined as net income…[Continue Reading]

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