Are you a workers’ compensation professional frustrated with your pharmacy program? Is your workers’ comp PBM overcharging you? Are you paying your contracted rates? And are these competitive? Want to better understand how to distinguish among PBM offerings?

We analyze transactional pharmacy data, identify pricing issues, and work with payers to maximize savings in their pharmacy programs. If you want help  sorting through the complexity of work comp pharmacy, need expert assistance  when writing RFPs and selecting a PBM, or want to see if you’re paying the prices you should, it’s worth a fact-finding conversation to see if we can help.

Call Joe Paduda at 203-314-2632 or email jpaduda@comppharma.com

We provide pharmacy management consulting services to:

null

GOVERNMENT AGENCY WC PROGRAMS

null

EMPLOYERS

null

INSURANCE CARRIERS

null

THIRD-PARTY ADMINISTRATORS

SERVICES

CompPharma’s goal is to create and strengthen pharmacy management programs to ensure that workers’ compensation payers pay fair, reasonable prices for medication and that their PBMs are adhering to their contracts.

null

Auditing PBM pricing and performance (retrospective and real-time)

null

Helping write RFPs for PBMs and score responses

null

Recommendations and negotiation assistance

null

Assessing PBM compliance with its contracts

ABOUT US

CompPharma offers retrospective and real-time pharmacy benefit management (PBM) audits along with a range of consulting services to workers’ compensation payers. Founded in 2006 by Joe Paduda and Helen King Patterson, CompPharma was initially a research, education and advocacy consortium of PBMs active in workers’ compensation. The company changed direction in 2019, partnering with HealthPlan Data Solutions to provide services to payers.

Joe Paduda, President
Joe is a nationally-recognized expert in medical mangement with extensive experience in the workers’ compensation industry. MORE >

CONTACT JOE: 203-314-2632
jpaduda@comppharma.com

Helen King Patterson, Vice President
Helen is a public relations consultant specializing in health care, medical management and workers’ compensation. MORE >

CONTACT HELEN: 813-690-4787
hpatterson@comppharma.com

HealthPlan Data Solutions (HDS), provides workers’ compensation payers transparency into their prescription drug data so they can measure their PBMs’ contract compliance and performance against competitive benchmarks. MORE >

RESOURCES

Access CompPharma’s ANNUAL PHARMACY SURVEYS and RESEARCH PAPERS on compounds and other topics. LEARN MORE

NEWS

CompPharma News

COVID-19 Affects Workers’ Comp, But Not the Way You Think

COVID-19 has hit workers’ comp hard, but it’s not the disease or its costs. It’s the economic devastation that will have deep and broad effects, writes Joe Paduda in WorkCompWire’s Leaders Speak. He argues that the industry’s focus on profitability is misplaced and explains why … Continue reading COVID-19 Affects Workers’ Comp, But Not the Way You Think

Paduda Weighs in on IWP $11 million Settlement

The Mass.-based mail-order pharmacy Injured Workers Pharmacy settled charges that it dispensed excessive amounts of opioids without monitoring for safety. When reporting on the $11 mil. settlement, WorkCompCentral’s William Rabb asked Joe Paduda to comment. “A dozen years into the opioid crisis, it is stunning … Continue reading Paduda Weighs in on IWP $11 million Settlement

Paduda Will Keynote Day 2 of CSIA’s 2020 Employer Seminar

Joe Paduda to discuss managing your workers' comp PBM

Day 2 of the California Self-Insurance Association (CSIA) Employer Seminar & Annual Meeting & Educational Conference will start with an informative session “Managing your PBM to Achieve Great Results.” CompPharma’s Joe Paduda will share insights from his annual survey on workers’ compensation pharmacy management programs … Continue reading Paduda Will Keynote Day 2 of CSIA’s 2020 Employer Seminar

Pharma Blogs from Joe Paduda

Friday catch-up

COVID and client work has kept me way too busy this week – hope to be back to more frequent posting soon. Meanwhile, here’s what I missed… Workers’ comp drug trends myMatrixx released its annual Drug Trends Report. Key findings … Continue reading Friday catch-up

Work comp drug trends – costs and opioid use down, physician dispensers still a big problem

myMatrixx released it’s annual Drug Trend Report yesterday; there’s a lot of good news – and a few trends that bear close attention. The good stuff (lots more in the report itself) drug costs per patient decreased by 2.4% despite … Continue reading Work comp drug trends – costs and opioid use down, physician dispensers still a big problem

COVID and pharmacy benefit management – an update

COVID19 is having an impact on work comp payers’ pharmacy programs – but this isn’t due to treatments for the disease itself. That’s largely because there are no medications that have been shown to be safe and effective in treating … Continue reading COVID and pharmacy benefit management – an update