WHAT'S IN THE NEWS?

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The Cost of Inaction: Lessons from Kodak

Posted on March 15, 2021 | News to Know

When Fujifilm began outpacing Kodak on the North American analog photography market in the early 90s, Kodak’s executives didn’t see a reason to change. Kodak shunned the relatively cheaper E-6 photo film processing technology used by emerging competitors, opting to stick with the established methods which had worked so well for them in the past….
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Growth Hack: Share Secrets with Competitors

Posted on March 15, 2021 | News to Know

Part of our internal culture is to perpetually improve new learnings and new insights. This is something that many companies pay lip service to, but we have committed to it in a big way. We often find that our clients and our peers overlook the biggest opportunities to grow because they fear the risks of…
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You’re Not Too Small: 7 Ways to De-Risk Self-Funding

Posted on January 28, 2021 | News to Know

BY RYAN SPENCER   Many businesses falsely believe that self-funding their benefits plan is not an option for them because they are “too small.” The reality is that your benefits options are not that black and white. Regardless of your size, you have options to self-fund or to partially self-fund to dramatically reduce your healthcare…
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How to Reinvigorate Your Strategic Plan in 2021

Posted on January 28, 2021 | News to Know

BY BEN CONNER   2021 should be the year of returning to strategic planning and strategic execution. For many businesses, 2020 was rife with crisis responses. Regardless of your political leanings, the chaos of 2020 made it exceptionally difficult to plan, prepare, and execute ideas. Lockdown cycles shifted and changed with little warning both locally…
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Your Health Care Program Advisor: Your Untapped Operations Resource

Posted on December 21, 2020 | News to Know

BY RYAN SPENCER COVID-19 threw dozens of new challenges at CFOs and HR managers this year. Every day, company leaders faced questions they had never considered before: How do we keep our workers safe? How can we remain efficient while working from home? What are my legal responsibilities during the pandemic? Answering these questions has…
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CDC Announces Shorter Quarantine Guidelines After a COVID-19 Exposure

Posted on December 13, 2020 | News to Know

BY CONNER INSURANCE During a recent media briefing, the Centers for  Disease Control and Prevention (CDC) announced an  update to quarantine guidelines, offering options for  shorter quarantine periods.  The CDC’s updated guidance allows for the following  quarantine periods for those who may have been  exposed to COVID-19 but are without symptoms:  Ten-day quarantine period—An individual …
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CDC Approves Recommendation for COVID-19 Vaccine Distribution

Posted on December 13, 2020 | News to Know

BY CONNER INSURANCE The Centers for Disease Control and Prevention (CDC) Director Dr. Robert Redfield has approved a COVID 19 vaccine distribution plan. The approved interim recommendation first offers vaccine distribution to health care workers and residents of long-term care facilities in the initial phase of the vaccination program before offering the vaccine to the…
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The Biden Administration and Health Care

Posted on December 13, 2020 | News to Know

BY CONNER INSURANCE Between the COVID-19 pandemic and an ongoing political  debate over the Affordable Care Act (ACA), health care was a  core element of Joe Biden’s campaign for the U.S. presidency.   It remains to be seen exactly how President-elect Joe Biden  and Vice President-elect Kamala Harris will impact the health  care industry. However, employers…
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Breakdown of a Health Insurance Premium Dollar In 2020

Posted on December 13, 2020 | News to Know

BY BENEFITS PRO Compared to two years ago, a smaller portion of premiums are going toward prescription drug costs, while a larger portion is going toward in-patient care Understanding health care costs is complicated, to say the least. There’s the amount billed for a service, the negotiated rate ultimately paid, and then how much the service…
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Amazon Launches Digital Pharmacy for Prime Members

Posted on December 13, 2020 | News to Know

BY BENEFITS PRO (Bloomberg) –Amazon.com Inc. unveiled its biggest push into selling prescription drugs with the launch of a digital pharmacy and discounts for paying U.S. Prime members that sent shock waves through shares of drugstore chains and distributors. The e-commerce giant on Tuesday unveiled Amazon Pharmacy, a section of its retail website and mobile…
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Workplace Policies Under the Biden Administration: What to Expect

Posted on December 13, 2020 | News to Know

BY BENEFITS PRO A contentious election has resulted in an uncertain future for workplace policy, a new report from the Littler Workplace Policy Institute said. The regulatory arm of the employment law firm prepared the report to explore the 2020 election’s impact on employers and workers—but the ongoing controversy over the election has clouded the forecast somewhat….
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Biden and Health Care: Picking Up Where Obama Left Off

Posted on December 13, 2020 | News to Know

BY BENEFITS PRO A President Joe Biden health care industry strategy could usher in a new era of medical innovation, expanded health insurance coverage, slower provider consolidation, and a renewed initiative to rein in pharmaceutical costs. But Biden will be up against the same obstacles that often thwarted his mentor, Barack Obama: a divided Congress,…
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Identify Proactive Health Benefits Advisors: 3 Qualities to Look For

Posted on December 10, 2020 | News to Know

BY RYAN SPENCER We recently met with a prospect who was sick of benefits advisors. In the past, he had worked with a litany of advisors who promised incredible results but delivered the same vanilla services and lackluster performance as everyone else. Most years, he felt like his advisor forgot about his existence until he…
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Spin Your Benefits Flywheel: How to Get the Most Value Out of Your Health Care Program

Posted on November 24, 2020 | News to Know

BY RYAN SPENCER The Flywheel Concept was popularized by Jim Collins in his legendary business book, Good to Great. The idea is that, over time, a series of choices can grow the momentum of a business, but it’s difficult to get the flywheel spinning at first and the rewards of those early efforts are not…
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Illuminate Your Blind Spots To Improve Your Health Care Program

Posted on November 11, 2020 | News to Know

BY BEN CONNER Great leaders hunt down their blind spots to optimize their performance. They read about the latest innovations. They study their competitors. They find inspiration from companies in separate industries. Despite their efforts, many business leaders unknowingly allow blind spots to grow around their health care program.  A great advisor will help you…
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