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:

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GOVERNMENT AGENCY WC PROGRAMS

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EMPLOYERS

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INSURANCE CARRIERS

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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.

ABOUT US

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

Joe Paduda Presents CSIA Webinar on Facility Costs, Drivers and Solutions

Among COVID-19 and delayed surgeries, reductions in Medicare/Medicaid reimbursement, rising unemployment and other economic pressures, hospitals are having a tough time financially. And, facilities are looking to workers’ comp to help make up the revenue. Employers in most states are paying 3 to 8 times … Continue reading Joe Paduda Presents CSIA Webinar on Facility Costs, Drivers and Solutions

The survival of niche PBMs

Managed Healthcare Executive’s Susan Sadika quotes Joseph Paduda in this article on how niche PBMs survive in a world of mega PBMs better buying power. “They have to compete on the basis of something else, such as focusing on certain diseases or niche businesses, such … Continue reading The survival of niche PBMs

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

Pharma Blogs from Joe Paduda

NCCI’s take on medical cost drivers, part 2

Last week I posted on Raji Chadarevian and Sean Cooper’s excellent presentation at AIS. Here’s my what-this-means-for-you takeaways. Drug spend decline While NCCI’s reporting that dollars for drugs now account for 7 percent of annual isn’t too much of a … Continue reading NCCI’s take on medical cost drivers, part 2

Optum vs the Massachusetts Attorney General

Several weeks ago Massachusetts’ Attorney General’s office put out a press release noting work comp PBM Optum had settled a civil case by paying $5.8 million and agreeing to “implement additional procedures to prevent overcharges in the future under the … Continue reading Optum vs the Massachusetts Attorney General

2021 predictions – How’d I do?

It’s time once again to see how I did on my 2021 predictions for workers’ comp. Today we’ll dive into the first 5 and finish up with the last 5 tomorrow.  Total premiums will stay low. As employment, payroll, and … Continue reading 2021 predictions – How’d I do?