On the Bright Side

Now that the dog days of August are upon us, there is at least some good news to report on the workers’ comp front that may impact implementation of medical tourism into workers’ compensation.

Joe Paduda reports today that improvements in the economic picture foreshadow a rise in insurance premiums, which in turn will lead to more money being spent on medical management.

If this is true, then perhaps the industry can be induced to explore medical tourism as a part of the increased spending on medical management of workers’ compensation claims.

No doubt, insurers and employers will want that money spent wisely, so that surgical procedures generally performed in workers’ comp that are very expensive here, will be replaced by the same procedures being performed abroad for a fraction of the cost, and with better quality outcomes and faster recovery times.

As I have been saying for some time now, this is not going to be easy to implement, and there are no magic spells that will make this happen overnight. What it will take is the vision to see this as a real alternative, the guts and desire to make it happen, and the hard work and dedication to give the injured worker the best medical care available on the planet, at the lowest cost possible, without having to pad the bank accounts and wallets of doctors, hospitals, outpatient facilities, specialists and other medical and legal personnel, who only see work comp as a profitable venture for them, but are not the least bit concerned with the costs and toll it takes on the payers, the employers, the employees and the taxpayers.

Health care, in whatever form it takes, does not have to be expensive, it just has to be the best available so that the patient recovers and returns to health as fast as humanly possible. To go back to the same old, same old, now that the economic picture is improving is reckless and wasteful, something that will come back to haunt those who insist on avoiding such alternatives do at their own peril.

This entry was posted in Health Care Costs, Medical Tourism, Workers' Compensation and tagged , , , on by .

About Transforming Workers' Comp

Have worked in the Insurance and Risk Management industry for more than thirty years in New York, Florida and Texas in the Claims and Risk Management spheres, primarily in Workers’ Compensation Claims, Auto No-Fault and Property & Casualty Claims Administration and Claims Management. Have experience in Risk and Insurance Business Analysis, Risk Management Information Systems, and Insurance Data Processing and Data Management. Received my Master’s in Health Administration (MHA) degree from Florida Atlantic University in Boca Raton, Florida in December 2011. Received my Master of Arts (MA) degree in American History from New York University, and received my Bachelor of Arts (BA) degree in Liberal Arts (Political Science/History/Social Sciences) from SUNY Brockport. I have studied World History, Global Politics, and have a strong interest in the future of human civilization in all aspects; economic, political and social. I am looking for new opportunities that will utilize my previous experience and MHA degree. I am available for speaking engagements and am willing to travel. LinkedIn Profile: http://www.linkedin.com/in/richardkrasner Resume: https://www.box.com/s/z8rxcks6ix41m3ocvvep

3 thoughts on “On the Bright Side

  1. santhi@medicalsea.org

    <td style="text-align: left; background-repeat: no-repeat;" align="left"; height="113" colspan="1" background="cid:top@86ef47d8a143b61fad393f71d6d7fc44"Dear Richard,As usual you make your point clear! Have a great August!best regardsSanthi NairEditorial & Marketing & PublicationE: santhi@medicalsea.orgT: +6017 311 3843http://www.medicalsea.orgSkype : santhi.nair1SEA Media & CommunicationsG-6-5 PelangiDamansara Condo, PJU 6, PersiaranSurian,47800 Petaling Jaya, Selangor, Malaysia[RegNo : 002155136-U]


  2. Pingback: On the Bright Side | Welcome to Medical- South East Asia, News Focusing on Medical Devices | Medical Tourism | Hospital Services and more

  3. Pingback: Far In Front of the Crowd | Welcome to Medical- South East Asia

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