Tags ArchivesDerrick Wong

Recognizing when it’s time to move on from your current benefits broker is essential for continued growth and success.  Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights In the ever-changing world of business, making informed decisions surrounding strategic partnerships is essential for success. This extends to the relationship between employers and their benefits brokers. While benefits brokers play an integral role in managing employee benefits and ensuring compliance, there may come a time when businesses should consider transition to a new broker. Below are seven common signs that indicate it may be time to leave your current benefits broker and seek a partnership that aligns better with your ...

With the potential to significantly reduce healthcare costs while providing a more individualized care, DPC is rising in popularity among patients and employers. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights A new approach to healthcare delivery has been gaining traction and transforming the traditional doctor-patient relationship. Doctors and patients alike are often deeply dissatisfied with the limitations and expense of traditional healthcare. Direct Primary Care (DPC) is a model that aims to provide accessible, personalized, and cost-effective medical services. This innovative healthcare method is an alternative to the conventional fee-for-service model, leading to a more patient-centered and sustainable approach to delivering care. What is Direct Primary Care? ...

The Biden Administration’s mental health strategy holds the potential to usher in a new era of mental health care in the U.S. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights In a concerted effort to address the pressing issues surrounding mental health care in the U.S., the Biden Administration has unveiled a comprehensive proposal aimed at overhauling the nation’s approach to mental health treatment and support. Central to this proposal is the recognition of mental health as an integral component of overall well-being in a post-pandemic world. As the administration’s plan gains momentum, it is crucial to explore how these proposed changes could reshape the landscape of health ...

The benefits package an employer can now provide an employee goes well beyond what was once the status quo. Below is a summary. Additional details are outlined in the full article, written and published by Risk & Insurance. Read Full Article “It’s becoming increasingly evident that a one-size-fits-all approach to benefits is no longer sustainable,” Wong said. “As organizations hire more employees from various backgrounds, cultures, and age groups, it’s important to recognize that a comprehensive benefits package needs to be as adaptable and diverse as the makeup of its employee staff members.” Interview Highlights: Recruitment & Retention | Replacing employees includes more than just hiring costs, but also lost productivity and increased potential for accidents. To meet top priorities ...

Despite surging demand for their services, low wage home health workers are often without proper healthcare themselves.  Below is a summary. Additional details are outlined in the full article, published by Risk & Insurance. Read Full Article Despite the widespread availability of employer sponsored health insurance, low wage workers, particularly in the health care sector, continue to face overwhelming challenges to obtain adequate, affordable coverage. Key takeaways: Health Care Includes a Large Number of Low Wage Workers  | There are nearly 7 million support, direct care, and service workers in the healthcare industry, and many make significantly less than the average U.S. wage. The Rising Costs of Health Care Effects Them on Two Fronts | First, the employee contribution for ...

The pandemic exposed deficits not only in our healthcare infrastructure but in how we care for our workforce. More flexible work schedules and better access to childcare and mental health care are key to addressing these deficits. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The COVID-19 pandemic drastically altered the way we operate in society, exposed glaring weaknesses within the healthcare infrastructure, and revealed the lack of preparedness across organizations. The irrefutable interrelation between work and life became acutely clear as households quickly became domains for office work, childcare, and virtual learning. This sudden societal change, buoyed with a prolonged pandemic, launched mental health, health equity, and overall ...