Hearst Business Media Acquires Work-Loss Data Institute
Acquisition includes WLDI's Official Disability Guidelines, which was removed from the federal guideline database in June.
Hearst Business Media has acquired the Work-Loss Data Institute (WLDI), a workers’ compensation data and guidelines provider. The terms of the deal were not disclosed.
WLDI is the publisher of the web-based Official Disability Guidelines (ODG), a treatment guide for workers’ comp and disability in the U.S. The product is primarily used by insurance companies, employers, healthcare providers, and state-run agencies, according to the release.
WLDI will join MCG Health in the Hearst Health network, led by president and CEO Jon Shreve.
Phil LeFevre, SVP of business development at WLDI, will join Hearst in a leadership role that reports to Shreve. Phil Denniston, president and CEO of WLDI, has stepped down but will continue to work with Hearst as a consultant along with WLDI co-founder Pat Whelan.
“We are excited to bring these two leaders in evidence-based guidelines development together to further broaden our solutions and capabilities by addressing workers’ compensation, disability and return to work issues,” Hearst Business Media President Richard P. Malloch said in a statement.
In June, ODG was removed from a federal database of approved clinical practice guidelines on Guideline.gov, a website run by the U.S. Department of Health and Human Services. Denniston told Business Insurance that WLDI had opted out of the database, despite claims from the federal Agency for Healthcare Research and Quality that ODG was removed due to changes in criterea for what counts as evidence in guidelines.
It is unclear whether Hearst intends to change ODG to meet updated federal criterea and re-enter the database.
This acquisition falls on the heels of MCG Health’s launch of the MedInsight Guide Analytics, a software designed in partnership with Milliman MedInsight. The software is intended to “identify inefficiencies in the way that care is delivered at a population level,” by helping organizations aggregate claims data, according to a release.
While Hearst is known primarily for its consumer magazines like Cosmopolitan and Good Housekeeping, the Hearst Business Media division includes B2B information services in the areas of health, finance, and automotive. In October, Hearst Business Media acquired CAMP Systems International, Inc., a service which tracks maintenance in the aviation field.