Risk Management in Healthcare is as crucial as it is unique. No matter what the industry, every business has a protocol in place to minimize risks. In addition, they help increase things like employee safety and morale. In healthcare, the field deals primarily with the lives, safety, and wellbeing of patients. This gives healthcare risk…
Read moreAs a self-insured employer, you know that self-funded healthcare plans come with benefits and risks. How can stop loss insurance protect your business, and do you really need it? What types of companies take out stop loss insurance? Is there contract terminology associated with medical stop loss? Read on if you’re still on the fence…
Read moreIf you’ve been thinking about adding stop loss coverage for your self-funded healthcare plan, you no doubt have some questions. You want to know if you really need stop loss coverage, which broker or managing general underwriter is right for your business, and so on. When doing your research and choosing which stop loss services…
Read moreIn the constantly changing world of healthcare, employers are seeing premium costs increase steadily, so many of these employers seek out options to cut insurance expenses. One of these options is to use a self-funded health insurance plan. Rather than purchasing a traditional fully insured healthcare plan from a large carrier, the employer covers employee…
Read moreIf you’re reading this blog, we hope you know by now that level funded healthcare can help protect your business from abnormally high costs. Now, maybe you want to dig a little bit deeper and start understanding more facts about your medical stop loss coverage and explore some more of the options you have to…
Read moreHealthcare risk management is a diverse field that is constantly evolving. A healthcare risk manager can mean something different, depending on which professional you ask about it. The risk management professional is one that has learned to become flexible and adapt to changes within healthcare and medical insurance. What Do Risk Managers Do? The answer…
Read moreThe future of many industries is fascinating and highly promising. Of course, health care is no different when it comes to cutting edge treatments and technologies. One of the most exciting emerging areas of healthcare is called precision medicine or personalized medicine. Precision Medicine Defined According to the Precision Medicine Initiative, precision medicine is “an…
Read moreEmployers with self-funded medical stop-loss plans could see significant changes to their healthcare in 2019, due to a bill that was proposed by Senators in September 2018. The bill is called “Protecting Patients from Surprise Medical Bills Act” and its intention is to help prevent the amount of bankruptcies filed by U.S. citizens due to…
Read moreAs an employer with a self-funded insurance policy, you know that insurance terminology can be rather confusing and difficult to understand – especially if you are running a startup or find yourself in the market for the first time. We strive to help our clients have the best possible understanding of their policies they hold…
Read moreIf you currently have stop loss underwriting services, or are in the market to obtain some, you probably have a good idea about how catastrophic claims can be a huge blow to your company’s cash flow. What you might not know is that there are typically ten catastrophic claim conditions that account for more than…
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