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Flores Announces Hire of Business Development Directors for Midwest Expansion

Retrieved on:

Thursday, November 17, 2022

CDHP, FMLA, State, TPA, POP, Flexible spending account, Business development, HSAS, College of Business Administration (CBA), Currency strap, ADA, Health savings account, HRA, Flexible, Consultant, COBRA, Municipality, Health insurance

CHARLOTTE, N.C., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Flores & Associates LLC, a premier administrator of employer-sponsored reimbursement plans, COBRA, leave administration, and compliance services, is pleased to announce the hire of Business Development Directors Deborah Meek and David Duning, to serve Midwest employers and brokers.

Key Points:

CHARLOTTE, N.C., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Flores & Associates LLC, a premier administrator of employer-sponsored reimbursement plans, COBRA, leave administration, and compliance services, is pleased to announce the hire of Business Development Directors Deborah Meek and David Duning, to serve Midwest employers and brokers.
Deborah Meek will serve the Kentucky, Ohio, Western Pennsylvania, and West Virginia markets and is based in Cincinnati, Ohio.
Flores is a leader in COBRA and direct billing management, account-based benefit administration, leave management solutions and compliance services."
In addition to these account-based benefit options, Flores also handles COBRA, Retiree/Direct Billing, FMLA, ADA, and State and Municipal leave administration.

Flores & Associates Announces Hire of Business Development Directors to Serve Texas and Oklahoma Markets

Retrieved on:

Tuesday, November 8, 2022

GLOBE, College of Business Administration (CBA), State, Currency strap, COBRA, Health savings account, Municipality, HSAS, TPA, Flexible, HRA, CDHP, ADA, POP, FMLA, Flexible spending account, Industry, Health insurance

CHARLOTTE, N.C., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Flores & Associates LLC, a premier administrator of employer-sponsored reimbursement plans, COBRA, leave administration, and compliance services, is pleased to announce the hire of two new Business Development Directors, Heather Jones and Nate Martinez, to serve Texas and Oklahoma.

Key Points:

CHARLOTTE, N.C., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Flores & Associates LLC, a premier administrator of employer-sponsored reimbursement plans, COBRA, leave administration, and compliance services, is pleased to announce the hire of two new Business Development Directors, Heather Jones and Nate Martinez, to serve Texas and Oklahoma.
The expansion of the Flores team into these markets will provide more employers with access to the award-winning Flores dedicated account manager service model and proprietary technology platform for employee benefit administration.
Heather Jones will serve the North Texas and Oklahoma markets and is based in Dallas, Texas.
In addition to these account-based benefit options, Flores also handles COBRA, Retiree/Direct Billing, FMLA, ADA, State and Municipal leave administration.

The Vistria Group, Century Equity Partners and Flores & Associates Announce Strategic Partnership

Retrieved on:

Thursday, September 29, 2022

CHICAGO, Sept. 29, 2022 /PRNewswire/ -- The Vistria Group announced an investment in Flores & Associates LLC (Flores or the "company"), a leading provider of benefit technology solutions and administrative services to employers throughout the United States. As part of the transaction, Century Equity Partners and The Vistria Group will each hold equal ownership in the Company and continue to back the current management team, led by Gary Trainor and Jody Oliver. This transaction represents the ninth investment from Vistria Fund IV, a $2.68 billion fund, and the second financial services investment this year, following The Vistria Group's investment in The Mather Group six months ago.

Key Points:

"We are excited to work with Jody, Gary, Century and the rest of the Flores team.
"We look forward to working with The Vistria Group team while continuing our partnership with Century.
The Vistria Group's involvement along with continued support from Century Equity Partners will provide Flores with a capital structure from which to grow, both organically and through further M&A in the space.
Winston & Strawn LLP acted as legal counsel to The Vistria Group; Foley and Lardner LLP acted as legal counsel to Flores & Associates and Century Equity Partners.

Gallagher Report Reveals That U.S. Employers Are Offering Flexible Benefits to Capture the Interest of a Diverse Workforce

Retrieved on:

Tuesday, August 2, 2022

ROLLING MEADOWS, Ill., Aug. 2, 2022 /PRNewswire/ -- With nearly half of the 4,000+ U.S. employers surveyed experiencing turnover of 15% or more in 2021, retention and attraction are top priorities — and the tool employers are using to address this issue: flexible total rewards. Gallagher's 2022 U.S. Physical & Emotional Wellbeing Report found that while 78% of employers are increasing salary budgets, up 6 percentage points from last year, they're also recognizing the importance of changing benefits to appeal to a diverse workforce. In fact, the survey found that more than two in five organizations (42%) now offer medical coverage to domestic partners and about half as many (24%) extend this benefit to part-time employees.

Key Points:

Physical & Emotional Wellbeing Report found that while 78% of employers are increasing salary budgets, up 6 percentage points from last year, they're also recognizing the importance of changing benefits to appeal to a diverse workforce.
Organizations need to offer competitive compensation and benefits that work for multigenerational employees and match their specific lifestyle requirements."
To meet the diversity of their employees' needs, more employers are expanding health benefit offerings.
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.

Employer-Sponsored Health Insurance Cost Rose Sharply in 2021, Outlook for 2022 Is Uncertain

Retrieved on:

Monday, December 13, 2021

Cost growth was sharper among smaller employers (50-499 employees), at 9.6%, while larger employers reported average cost growth of 5.0%.

Key Points:

Cost growth was sharper among smaller employers (50-499 employees), at 9.6%, while larger employers reported average cost growth of 5.0%.
Smaller employers are more likely to offer fully insured health plans, suggesting that insurance carriers expected significantly higher cost in 2021 relative to 2020.
When health benefit cost growth accelerates, employers typically ratchet up cost management efforts to keep increases at sustainable levels.
However, one traditional cost management tool known as cost shifting where employers shift a larger share of the cost of health services to plan members seems to be off the table for many employers.

AscellaHealth Webinar Focuses on Healthcare Consumerism and Specialty Pharmacy Solutions to Optimize Clinical and Economic Outcomes

Retrieved on:

Tuesday, November 9, 2021

AscellaHealth , a global specialty pharmacy and healthcare solutions company, announces that it will present the webinar, Healthcare Consumerism & Specialty Pharmacy Outcomes & Solutions , Nov. 11, 12 p.m.-1 p.m. (ET), featuring guest speakers Ryan Evans, president, Brooks Group, and Pete Olsen, healthcare consultant.

Key Points:

AscellaHealth , a global specialty pharmacy and healthcare solutions company, announces that it will present the webinar, Healthcare Consumerism & Specialty Pharmacy Outcomes & Solutions , Nov. 11, 12 p.m.-1 p.m. (ET), featuring guest speakers Ryan Evans, president, Brooks Group, and Pete Olsen, healthcare consultant.
Improving the patient healthcare experience is a key focus for our organization, as consumer-driven health plans (CDHP) and the importance of transparency in healthcare impact strategies for optimizing clinical and economic outcomes, says Dea Belazi, president and CEO, AscellaHealth.
Attendees will gain valuable information and insights based upon key performance indicators and expand their understanding of the mindset of todays healthcare consumer.
AscellaHealth is a global Specialty Pharmacy and Healthcare services organization serving payers, providers, life sciences and patients, offering a comprehensive portfolio of customized, tech-enabled specialty pharmaceutical and medical management services.