Tags ArchivesDerrick Wong

In Summary – Essential Health Care Reform standard

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 ...

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Well-Being Post-Pandemic standard

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 ...

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A Workplace Trend: Retraining from Within standard

As the U.S. economy returns to normal, businesses turn to upskilling their workforce to navigate the challenges of the post-COVID world. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Companies are facing modern business challenges spurred by the COVID-19 pandemic as organizations are forced to adapt to an accelerated shift to e-commerce. The surging demand for digital services has led to a shortage of available computer analysts and engineers, driving companies to pursue an alternative option to hiring new employees: retraining existing staff. Retailers Respond to Digital Demands The retail industry has seen artificial intelligence play an immense role as consumers increasingly prefer to shop online. However, a tight labor market ...

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What to Look for in Healthcare 2021: A Struggling Hospital Industry and Security Concerns in the Age of Telehealth standard

Hospitals weathered massive financial hits in 2020 and it's likely that COVID-19 will impact the industry throughout 2021. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The hospital industry faced a massive financial crisis in 2020 caused by the COVID-19 pandemic, as systems struggled with low patient volumes and massive hits to financial resources and liquidity. The pandemic will likely continue to have a substantial impact on the hospital industry throughout 2021, from increased hospital consolidation to a volatile payer mix and a surge in telehealth. Mergers Likely to Increase for the Greater Good Healthcare experienced a significant movement toward hospital consolidation prior to the pandemic, and this trend is likely ...

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RC Quick Takes – Amazon’s Workers’ Compensation Issue: A Learning Opportunity for Employers standard

An abundance of injuries in Amazon warehouses may damage more than just the e-commerce behemoth’s reputation. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The hazardous working environments within its warehouses could begin to hurt the company’s bottom line as well. Amazon’s Fulfillment Centers are Deemed Unfulfilling  According to the Seattle Times, Washington state’s labor agency reported that workers in Amazon’s highly automated warehouses are injured at a higher rate than people working in other types of storage facilities. In December, the labor agency announced a new fulfillment center classification for warehouse employees to calculate workers’ compensation insurance rates. Previously, the State Department of Labor & Industries has grouped Amazon fulfillment ...

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Effective Paid Leave Policies Are Good For Business standard

The pandemic has revealed vulnerabilities in the U.S. healthcare and economic systems, including the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public health. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights The COVID-19 pandemic has made evident the vulnerabilities in the U.S. healthcare and economic systems. One issue that has been at the forefront during the current crisis is the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public health. Prior to the pandemic, the U.S. was an outlier among developed countries due to the lack of national leave policies, which forced a vast majority of workers ...

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In the Face of Uncertainty, Employers Prepare to Reopen Offices standard

While large corporations can afford to extend reopening timelines, smaller businesses need to rely on prevention, monitoring, and responding to a resurgence of COVID-19 in the workplace for the foreseeable future. Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights While many businesses and their employees are eager to return to a sense of normalcy and resume in-office operations, industries across the U.S. continue to face a host of unknowns in the workplace as a result of the ongoing COVID-19 pandemic. The New York Times recently announced that large corporations such as Microsoft, Ford, and Google have tentatively extended their return-to-office date to July 2021 to keep workers safe. Many employers ...

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Making Your Broker Selection standard

Risk Cooperative helps organizations navigate the complex world of health insurance and employee benefits.  Learn More Whether you need a comprehensive benefits package or general liability coverage, your insurance broker should be a valued partner that inspires trust. A client/broker relationship should identify the organization’s financial and business needs, leading to a strategic approach toward reaching the client’s benchmarks and achieving long-term goals. But finding clear advice about how to choose your broker can be difficult. In this article, we answer some basic questions to help you in your decision. Q: Why should you use a benefits broker? A: Benefits brokers provide many advantages in addition to helping a business procure health insurance, including: Improved Talent Recruitment and Retention | The market ...

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How to Choose Your Broker standard

In our How to Choose a Broker on-demand webinar, our experts share insider tips on what great brokers do to arm their clients with the information they need to serve their employees and protect their businesses. They cover: • Best practices for broker/client communications • What your broker can do to save you money on employee benefits • Resources your broker can offer to support regulatory compliance • How your broker can help you manage the administration of your benefits package • The value of utilizing a broker that can handle all lines of insurance • How a broker can help address risk across business operations • Questions about pandemic resiliency and recovery It can be quite costly – in time, money, and opportunity – to stay ...

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Why Payer-Provider Networks Will Help Health Care Flourish Post COVID-19 standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Health insurance carriers have made efforts to support subscribers and dependents through the pandemic crisis by waiving cost sharing such as co-pays, coinsurance and deductibles for providers’ office visits, lab fees and treatments related to COVID-19. According to The Wall Street Journal, some major insurers are going the extra mile by financially assisting health care providers as they struggle from the sharp decrease in non-emergency services caused by the pandemic. AHA Moment: Insurers Answer the Call for Help Health care providers, including hospitals, clinics, and doctors, have experienced financial distress during the pandemic due to the delay of elective surgeries and decline in demand ...

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