Defining Healthcare ‘Value’

People today want high quality health care at lower cost (to be honest, people throughout history have always wanted better quality and lower cost).  However, defining the ‘value’ of medical services is not easy.  In fact, it is often difficult for companies to demonstrate to customers that they provide superior value.  Joe Paduda has a…

Pharmaceutical price increases slowing

Joe Paduda finds the price inflation is slowing for drug purchased through Workers Comp programs. “Drug trend continues to moderate, with inflation in 2007 coming in at 4.3%. That’s a big improvement over last year’s 6.5%, which was a big improvement over the previous year’s 9.5%…” One reason for the price decline may be that…

Waste in Healthcare

Joe Paduda has a great post (“Wasted Dollars“) reviewing a study by Alex Swedlow. The study focuses on waste in the health care sector with a focus on Workers Compensation. Mr. Paduda concludes the following: There’s a lesson here for the non-workers comp world, and policy wonks in particular. It is this – providers overtreat,…