Telehealth continues to be one of the fastest-growing trends in the aftermath of the COVID-19 pandemic. The telehealth market proved vital by expanding access to care, decreasing disease exposure, and reducing patient demand on facilities throughout 2020. But just how much has telehealth grown over the last two years? According to data provided in a 2021 … Read more
Employee financial health benefits are becoming more and more critical in the lives of employees and their families and have a significant financial and administrative influence on a company. Since the COVID-19 pandemic, the majority of businesses operate in a world where a well-educated workforce demands a complete benefits package that takes into account more … Read more
While the industry ponders what comes next for pharmacy benefit managers (PBMs), many are taking steps now to ensure their strategies are future-proof. Regardless of their partisan affiliations, there’s something most of the major players in Washington seem to agree on right now: prescription medication costs are too high. The U.S. spends $1,397 per capita on prescription … Read more
Pharmaceutical companies must embrace new technology and place a larger emphasis on prevention and digital health in the coming years. Although the pharmaceutical market is worth 1.2 trillion dollars, it faces several problems, ranging from ethical to financial that can’t be understated. They may profit from the digital revolution by embracing disruptive technologies such as … Read more
Funded by workers’ contributions into a trust fund, Washington state’s WA Cares Fund is the first of its kind in the nation to provide a public long-term care policy for state residents, to protect them against the financial and social risks of needing LTC care and to protect the state against the economic risks of … Read more
There’s no denying it: COVID-19 has disrupted the world of employment for years to come. According to various organizations, there were already over 250 million home-based jobs (not including domestic or care workers) before the pandemic. But now that one out of every three employees in North America and Europe works remotely, that number doubled … Read more
Being a benefits broker today means keeping up with technological advancements that affect how employees consume their benefits and staying on top of regulatory changes and the increasing cost of healthcare to help businesses achieve and retain financial stability. But there’s one challenge that remains the same: finding insurance solutions that attract and retain top … Read more
In a post-pandemic world, the most popular non-insurance employee perks still revolve around time away from work. As we hopefully start to see the COVID-19 pandemic in the rearview mirror and more people flock to their offices again, employers are facing an unprecedented challenge. In 2021, company policies that promote a healthier work-life balance will be … Read more
We’ve finally passed the threshold everyone’s been waiting for, 2020 is finally behind us. It was a year full of circumstances that required an enormous amount of versatility and strategy for businesses. In addition, the workforce is seeing dramatic shifts in its dynamics where millennials now make up over half, baby boomers are retiring, the … Read more
With an increasing aging population that desires care at home, the need for home health workers is increasing, and so too is the need for fair compensation. In New York, the Federal Fair Labor Standards Act (FLSA) various laws including the Home Care Worker Wage Parity Act (WPA) have made strides to provide home care … Read more