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PA Appellate Court Nixes Use of “Red Book” in Setting Reimbursement for Drug Costs in Comp Cases

The Workcomp Writer

The appellate court agreed with the petitioning workers’ compensation insurance carrier that that the Red Book values did not reflect AWP as required by the Act. (Bureau of Workers’ Comp. Hearing Off.*), 2024 Pa. LEXIS 1 (Jan. Workers’ Compensation Appeal Board (Derry Area School District)*, 639 Pa. 645, 161 A.3d

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Our Take on the CVS Health Hubs Concept

Corporate Synergies

“Our Take” is Corporate Synergies commentary on employee benefits and insurance topics that are in the news. Since CVS announced its plans to buy insurance carrier Aetna in December 2017, many experts, including ours , speculated how the acquisition and other similar ones would change healthcare. RELATED TOPICS.

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Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. Insurance will often cover routine appointments and tests, such as blood tests, basic genetic screenings, ultrasounds, a glucose test and stress test. After a baby is born, they’re not automatically added to health insurance.

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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

Between 2008 and 2017, the number of worksite employees employed in the PEO industry grew at a compounded annual rate of 8.3%, from about 1.8 From 2008 to 2017, the number of worksite employees employed by PEOs grew at an annual rate of 8.3%. Managing insurance carrier relationships. million to 3.7 Notable PEO Statistics.

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Healthcare and Insurance Industry Consolidation: A Bitter Pill?

Corporate Synergies

Here’s why… Insurance industry consolidation is occurring at an unprecedented rate. Merger and acquisition activity in the brokerage and consulting space was at a feverish pitch in 2017 and through the first part of 2018, fueled in large part by the private equity industry’s continued love affair with the insurance distribution sector.

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PEO vs. HRO: Which Is Better?

Genesis HR Solutions

We’ve been a PEO since 1991, and an IRS Certified PEO since 2017. (We PEOs select and manage the third-party partners that best fit the collective group of clients served (insurance carriers, for example). A PEO is an extension of your business and engages with your management team to address complex employee-related matters.

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Creating the “Urgent Care First” Mindset for Employee Benefits

Corporate Synergies

1 In fact, from 2014 through June of 2017, the number of urgent care centers rose by nearly 20%. From 2009 to 2016 (the most recent data available), the average amount that hospitals billed insurance carriers for an emergency room visit more than doubled, from $600 to $1,322. over the last decade.