Tags ArchivesLes Williams

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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COVID-19: 8 Critical Things Your Business Should Be Doing Right Now standard

As COVID-19 continues to force businesses and society into uncertainty, companies may be wondering what actions they can take to address the ever-emerging risks they face. Dan Reynolds, editor-in-chief of Risk & Insurance®, talks with Les Williams CRM, co-founder and chief revenue officer of Risk Cooperative about the risks surrounding COVID-19 and what actions businesses should be taking to mitigate them and what the future could look like when we eventually return to the ...

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Why We Need a Federal Standard for Health Care Access and Provider Viability standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights While the COVID-19 pandemic has caused health care facilities to rethink their operational strategy, the government has been supportive in the form of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to the U.S. Department of Health and Human Services website, CARES provides $100 billion in relief funds to hospitals and other health care providers on the front lines of the coronavirus response. This funding will be used to support health care-related expenses or lost revenue attributable to COVID-19 and to ensure uninsured Americans can get testing and treatment for COVID-19. While the $100 billion will have a major impact on ...

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Why Big Data Is the ‘New Microscope’ in Health Care standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Partnerships between technology firms and hospitals play an important role in advancing the objectives of healthcare risk managers. This past Fall The Wall Street Journal reported that technology companies are partnering with hospitals across the country to store and research patient data. One such partnership involves Google and the Mayo Clinic, who jointly signed a 10-year partnership where Google stores medical, genetic, and financial data on its cloud system. The protected health information (PHI) of patients will be kept confidential because the data will be scrubbed such that it will not have any information linking back to a patient. Additionally, The ...

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The Telework Playbook: A Virtual Townhall standard

The onset of the COVID-19 pandemic has challenged organizations to create accessible and productive remote workplaces on short notice. As organizations confront the business continuity pressures the pandemic has brought, the rapid adjustment to telework is exposing critical risks. Has your team answered these questions? Do we have the right cybersecurity measures in place? Have we educated our staff on current cyber threats and cyber hygiene? Do we know if our cyber insurance policy applies to telecommuters? How can we best support struggling clients and employees? What is the plan for office re-entry once the crisis has passed?  Risk Cooperative’s Chief Revenue Officer, Les Williams, was joined by Austin Berglas, BlueVoyant’s Global Head of Professional Services to outline the scope of ...

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During COVID-19, Risk Managers Must Act Now to Be the Heroes Businesses Need standard

Choose an insurance broker who’s a trusted partner, invested in your success.   Broker Resources When the Dean of Harvard Business School, Nithin Nohria, gave his inaugural interview with the school’snewspaper The Harbus in September 2010, he discussed the important role business plays in society.  “My father was CEO of Crompton Greaves in India. I saw the impact business could have in transforming communities through better infrastructure and creating employment opportunities,” he said. Dean Nohria’s views are more important than ever, and the current COVID-19 pandemic has put business to the ultimate test.  As the U.S. prepares for what will be many weeks of social distancing, teleworking and drastically changing daily operations, it is critical that business plays a leading role in navigating these turbulent waters both during and after the threat.    Grande Americano, Leave Extra Room for Employee Well-Being  Given ...

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Coronavirus and Telecommuting: How One Risk Is Giving Way to an Even Bigger Cyber Threat standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights First identified in Wuhan, Hubei Province, China in December 2019, the virus, officially known as “SARS-CoV-2,” has created a ripple effect throughout the global economy. Most commonly referred to as “coronavirus disease 2019,” or COVID-19 according to The Centers for Disease Control and Prevention (CDC), the pandemic has decimated the market value of countless firms with no signs of easing. At the time this article was published, The Center for Systems Science and Engineering at Johns Hopkins University reported 118,252 global cases of COVID-19 with 4,262 deaths and 64,391 total recoveries. The U.S. has seen 959 confirmed cases with 28 deaths and 8 ...

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Insurance Policies Every Business Should Have standard

Choose an insurance broker who’s a trusted partner, invested in your success.   Broker Resources The early part of 2020 has been dominated by uncertainty.We highlighted five key risks in our article titled Risks to Prepare for in 2020. Make no mistake, every one of these demanding risks are exacerbated by the threat of a global pandemic. The ongoing COVID-19 Coronavirus epidemic reminds us that risks can be unpredictable and have trickle-down effects on businesses of all shapes and sizes. Unpredictable events like COVID-19 remind businesses to revisit their insurance policies to ensure they are prepared for any risks on the horizon. All businesses should have these four insurance policies in place: Business Owner’s Insurance A business owner’s policy, or BOP, ...

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5 of the Most Demanding Risks to Prepare for in 2020 standard

According to the World Economic Forum’s (WEF) top 10 business risks of highest concerns globally released this past October, the top 10 global risks are: Fiscal crises Cyber attacks Unemployment or underemployment Energy price shock Failure of national governance Profound social instability Data fraud or theft Interstate conflict Failure of critical infrastructure Asset bubble The survey was conducted by interviewing global executives in the following regions: East Asia and the Pacific, Eurasia, Europe, Latin America and the Caribbean, Middle East and North Africa, North America, South Asia, and Sub-Saharan Africa. While each of these risks are equally important to organizations going into 2020, five of these risks are united by one common theme: Their impact on international business operations. Fiscal crises, ...

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Innocent Cyber Bystanders Entangled in an Act of War standard

Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.  Subscribe to Insights Thursday, January 3, 2020, may very well be an inflection point in the history of modern cyber warfare. U.S. President Donald J. Trump ordered a lethal missile strike on a convoy of vehicles carrying General Qassem Soleimani, an influential Iranian military leader, in Iraq’s capital. As expected, international reactions varied greatly. According to The Wall Street Journal, Iraqi Prime Minister Adel Abdul-Mahdi felt the actions breached previously agreed-upon terms with the U.S., Iranian Supreme Leader Ali Khamenei threatened vengeance, French Foreign Minister Jean-Yves Le Drian pleaded for no further escalations between Iran and the U.S., U.S. Democratic party leaders demanded ...

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