Self-insurance

Flume Health Hires NJAHU President Rob Saphow as Sales Director

Retrieved on: 
Monday, July 15, 2019
Economy, Service industries, Insurance industry, Finance, Self insurance, Self-insurance, Third-party administrator, Insurance, Flume

NEW YORK, July 15, 2019 /PRNewswire/ --Flume Health Inc., a digital health plan administrator, announced today that Rob Saphow has joined the company as Sales Director.

Key Points: 
  • NEW YORK, July 15, 2019 /PRNewswire/ --Flume Health Inc., a digital health plan administrator, announced today that Rob Saphow has joined the company as Sales Director.
  • Prior to joining Flume Health, Rob served as AVP of Sales and Business Development at Concord Management, administering the APEHP MEWA- a New Jersey-based self insured Multiple Employer Welfare Arrangement.
  • Cedric Kovacs-Johnson, CEO and founder of Flume Health, commented, "Rob's experience in the healthcare industry is key to our next phase growth.
  • Flume Health Inc. is a digital third party administrator managing health plans for self-insured employers.

Crossover Health Opens Ground-Breaking Health Center in Greater Houston

Retrieved on: 
Thursday, July 11, 2019
Self insurance, Self-insurance

SAN CLEMENTE, Calif., July 11, 2019 /PRNewswire/ -- Crossover, a leading provider of comprehensive, integrated health services for self-insured employers, today announced the grand opening of a 5,300-square-foot health center in Spring, Texas.

Key Points: 
  • SAN CLEMENTE, Calif., July 11, 2019 /PRNewswire/ -- Crossover, a leading provider of comprehensive, integrated health services for self-insured employers, today announced the grand opening of a 5,300-square-foot health center in Spring, Texas.
  • The Spring location is a "nearsite" health center, a model that allows multiple employers to share access to a single site near their campus for their employees.
  • Crossover Health is creating a new model of primary care in partnership with the nation's most innovative employers.
  • Crossover's Connected System of Health integrates disconnected wellness benefits and digital health with a data-enabled and outcomes-based primary care service for employees near and far.

Michael W. Rydman Joins Carisk Partners as Senior Vice President of Sales

Retrieved on: 
Wednesday, June 26, 2019
Managed care, Other Health, Professional services, Mental health, Hospitals, Insurance, Practice Management, Finance, Health, Economy, Service industries, Finance, Insurance industry, Insurance, Managed care, Self-insurance

Carisk Partners (Carisk), a specialty risk transfer and care coordination company, is pleased to welcome seasoned insurance professional Michael W. Rydman as senior vice president of sales.

Key Points: 
  • Carisk Partners (Carisk), a specialty risk transfer and care coordination company, is pleased to welcome seasoned insurance professional Michael W. Rydman as senior vice president of sales.
  • Previously, Michael spent several years as director of National Accounts at ReMed, where he was responsible for the acquisition and implementation of new business in the property casualty market.
  • Michael has a demonstrated track record for meeting and exceeding financial and client relationship goals, says Tom Downey, executive vice president of sales, Carisk.
  • Carisk is a specialty risk transfer, care coordination company serving insurers, government entities, self-insured plan sponsors and other managed care organizations.

The Buck Stops with Senior Leadership: Companies are Exposed to Legal Risk by Losing Thousands, Possibly Millions, on Overpaid Medical Claims Annually

Retrieved on: 
Thursday, May 16, 2019
Economy, Service industries, Insurance industry, Money, Healthcare industry, Third-party administrator, Self-insurance, Insurance

However, it is vital to implement a robust post-payment review process to recover overpaid dollars, erroneously paid claims or claims not paid according to plan intent."

Key Points: 
  • However, it is vital to implement a robust post-payment review process to recover overpaid dollars, erroneously paid claims or claims not paid according to plan intent."
  • This level of error is uniquely accepted in the healthcare industry and often written into agreements with Third-Party Administrators via performance guarantees.
  • Errors can add up to large sums of money that could be returned to the company's bottom line and stakeholders.
  • Healthcare Horizons Consulting Group, Inc. is the most trusted healthcare claims auditing firm in the nation focused solely on self-insured employers.

Accelevant Making Early Moves Within Insurance and Claims Services

Retrieved on: 
Thursday, April 18, 2019
Finance, Money, Service industries, Insurance industry, Insurance, Self-insurance, Tampa Bay Area

BRADENTON, Fla., April 18, 2019 /PRNewswire/ --A newly formed insurance and claims services group has been incorporated in the greater Tampa Bay area.

Key Points: 
  • BRADENTON, Fla., April 18, 2019 /PRNewswire/ --A newly formed insurance and claims services group has been incorporated in the greater Tampa Bay area.
  • Accelevant is a new parent company with a broad reach across a wide spectrum of insurance and claims services.
  • Accelevant, with an established nationwide footprint, will service new customers as well as an existing customer base consisting of dozens of nationally recognized Insurance carriers, TPAs and Self Insured Employers.
  • Accelevant has made a big splash in the marketplace through a recent acquisition just weeks after formation.

New Bundled Captive Insurance Program Reduces Net Premiums by Up to 40 Percent

Retrieved on: 
Thursday, April 18, 2019
Economy, Money, Finance, Types of insurance, Insurance industry, Captive insurance, Offshore finance, Insurance, CICS, Self-insurance, CIC

Captive insurance is a formal method of self-insurance that enables businesses and business owners to keep all or a portion of insurance profits.

Key Points: 
  • Captive insurance is a formal method of self-insurance that enables businesses and business owners to keep all or a portion of insurance profits.
  • Insurance profits can be invested and carry over from year-to-year, making the captive stronger financially and helping control the cost of traditional insurance.
  • The CICS Bundled Program makes a captive insurance company a viable option for many mid-market companies that may not have previously been candidates for a captive program.
  • The Bundled Program can be an ideal fit for the following businesses:
    Businesses interested in pursuing the Bundled Program can contact CIC Services for an initial no-cost analysis of their current insurance program to help determine if owning a captive insurance company through the Bundled Program is the right fit by visiting the CIC Services website at captivatingthinking.com or calling (865) 248-3044.

Unum Group declares quarterly dividend of $0.26 per share of its common stock

Retrieved on: 
Monday, April 15, 2019
Professional services, Human resources, Insurance, Finance, Economy, Service industries, Unum, Colonial Life & Accident Insurance Company, UNM, Insurance, Dividend, Self-insurance

Effective April 15, 2019, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.26 per share on its common stock to be paid on May 17, 2019, to stockholders of record on April 29, 2019.

Key Points: 
  • Effective April 15, 2019, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.26 per share on its common stock to be paid on May 17, 2019, to stockholders of record on April 29, 2019.
  • Unum Group is a leading provider of financial protection benefits in the United States and the United Kingdom and the largest provider of disability income protection in the world.
  • Its businesses are Unum US, Colonial Life, Unum UK, and Unum Poland.
  • Unum also provides stop-loss coverage to help self-insured employers protect against unanticipated medical costs.

Stonetrust Commercial Insurance Selects Insurity’s Cloud-hosted ‘Workers’ CompXPress Suite’ to Improve Operations and Customer Experience

Retrieved on: 
Monday, April 15, 2019
Technology, Data management, Software, Professional services, Insurance, Insurance, Economy, Types of insurance, Finance, Workers' compensation, Labour law, United States labor law, Liability insurance, Self-insurance

The Workers CompXPress Suite is purpose-built for monoline workers compensation insurers and self-insurance groups of all sizes, based on Insuritys deep industry expertise.

Key Points: 
  • The Workers CompXPress Suite is purpose-built for monoline workers compensation insurers and self-insurance groups of all sizes, based on Insuritys deep industry expertise.
  • At Stonetrust Commercial Insurance Company, it is our mission to be a professional and capable partner to our policyholders and producers while providing workers compensation coverage at competitive rates.
  • Stonetrust is a Nebraska domiciled insurance company headquartered in Baton Rouge, Louisiana, providing workers compensation and employers liability coverage to more than 4,500 policyholders.
  • With the markets most advanced cloud operations, Insuritys platform offers scalable, highly secure and reliable solutions that increase speed to value.

ERISA Wrap Document Provider, Clarity Benefit Solutions, Discusses the Importance of ERISA Compliance

Retrieved on: 
Wednesday, April 10, 2019
Employee Retirement Income Security Act, Health insurance, Employee benefits, United States Department of Labor, Self-insurance

NEW YORK, April 10, 2019 /PRNewswire/ -- ERISA wrap document provider, Clarity Benefit Solutions, discusses the importance of ERISA compliance.

Key Points: 
  • NEW YORK, April 10, 2019 /PRNewswire/ -- ERISA wrap document provider, Clarity Benefit Solutions, discusses the importance of ERISA compliance.
  • This law also regulates welfare benefit plans, such as insurance plans for group life, health, dental, disability, and supplementary fringe benefit plans.
  • The Department of Labor enforces ERISA compliance through audits that can happen at any time, sometimes with no warning.
  • About Clarity Benefit Solutions: Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward.

CompWest Promotes Lila Morones to Director of Claims

Retrieved on: 
Wednesday, April 3, 2019
Insurance, Economy, Workers' compensation, Types of insurance, Finance, Actuarial science, Accident Fund, General insurance, Self-insurance

SANTA ANA, Calif., April 3, 2019 /PRNewswire/ --CompWest announced today that it has promoted Lila Morones to director of Claims.

Key Points: 
  • SANTA ANA, Calif., April 3, 2019 /PRNewswire/ --CompWest announced today that it has promoted Lila Morones to director of Claims.
  • "For the past 11 years, Lila has consistently proven to be an indispensable member of the CompWest organization," said Dave McGowan, managing director of Claims for CompWest.
  • Morones has earned her Certified Authority in Workers' Compensation (CAWC), Workers' Compensation Claims Administrator (WCCA), Workers' Compensation Claims Professional (WCCP) and California Self-Insurance Administrator designations.
  • Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.