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Archive for April, 2012

Hospitals and Health Systems Anticipate that the Affordable Care Act (ACA) will Reduce Organizational Revenue

HighRoads, the industry leader in SaaS-enabled (software as a service) health care compliance and benefits management, and Sullivan, Cotter and Associates, Inc. (SullivanCotter), a nationally-recognized compensation and human resource management consulting firm, find that 55 percent of hospitals and health systems anticipate a drop in revenue as a result of the Affordable Care Act (ACA), with 12 percent anticipating an increase in revenue. Perhaps more telltale of the volatile nature the industry faces is that 28 percent have reported that they don’t yet know the impact that ACA will have on revenues.

These findings are part of an inaugural survey of Employee Benefit Practices in Hospitals and Health Systems performed by HighRoads and SullivanCotter between November 2011 and January 2012. The survey received responses from 178 participants, including 126 health systems, which had an average employee range of between 3,000 and 9,500.

“Hospital and health system’s financial health has a direct impact on the benefits offered to healthcare employees,” said Maureen Cotter, Senior Principal, HighRoads.  “Even though 70 percent of those surveyed stated that they are committed to providing coverage in the long term, and no organizations have plans to discontinue coverage now or in the future, the coverage provided may take a new shape. In fact, among those surveyed, 42 percent plan to become an accountable care organization (ACO) and 18 percent plan to structure their employee health plan as an ACO-like program.”

One feature unique to health systems and hospitals is their ability to create their own smaller provider network for employees to select from so that the hospital could essentially “pay itself” for delivering care to its employees. However, the survey found that there is no set standard of claims accounting for these types of services. The most common answer was to use the standard carrier negotiated discount (30 percent); however, many organizations are using a deeper discount in one form or another. Organizations with a conservative approach to the accounting treatment of ‘domestic claims’ may trigger the excise tax under ACA earlier than those with different approaches.

When comparing health systems and hospitals to all other general industry sectors, the survey found the following:

  • Hospitals and health systems have an average enrollment of 66 percent in preferred provider organization (PPO)/point of service (POS) plans compared to the general industry with 62 percent.
  • Enrollment in health maintenance organizations (HMO/Exclusive Provider Organization (EPO)) was 25 percent for hospitals and health systems compared to 19 percent for the general industry.
  • Enrollment in consumer-directed health plans (CDHP)/high-deductible health plans for health systems and hospitals averages 9 percent compared to the general industry average of 15 percent.
  • The average annual PPO/POS premium for single coverage for hospitals and health systems was $6,708 compared to a general industry premium of $5,919.
  • 81 percent of hospitals and health systems encourage employees to use their own facilities or providers, yet costs are not necessarily less than general industry

“The unique nature of the health care business, including not-for-profit tax status, workforce differences and the increasing challenges faced by hospitals and health systems, point to an increasing need for more industry-specific information so that hospitals and health systems can make informed decisions for their employees and their business,” said Michael Gaal, Senior Consultant, SullivanCotter.

“Hospitals and health systems have unique benefits management challenges that may be magnified by ACA requirements. By looking exclusively at employee benefits trend information for this distinct market, we hope to enable hospitals and health systems to optimize their benefits plans to better provide for their employees while lowering overall costs to their organization,” Cotter added.

For a copy of the report’s full executive summary please contact Petra Marino at pmarino@highroads.com.

Hospitals and Health Systems Anticipate that the Affordable Care Act (ACA) will Reduce Organizational Revenue
HighRoads, the industry leader in SaaS-enabled (software as a service) health care compliance and benefits management, and Sullivan, Cotter and Associates, Inc. (SullivanCotter), a nationally-recognized compensation and human resource management consulting firm, find that 55 percent of hospitals and health systems anticipate a drop in revenue as a result of the Affordable Care Act (ACA), […] »

Corbett Administration Recognizes Two Greater Philadelphia Area Municipalities for Innovative Practices

Harrisburg, PA – Department of Community and Economic Development Secretary C. Alan Walker, on behalf of Governor Tom Corbett, today recognized the City of Philadelphia and the Borough of Lansdale in Montgomery County for using innovative approaches to strengthen their communities and better serve residents.

“Serving as local government officials you face important issues everyday and are tasked with developing solutions,” Walker said. “Today we celebrate and recognize your hard work; Pennsylvania communities are fortunate to have dedicated individuals whose commitment helps create better places to live and work.”

The recognitions were part of the 16th Annual Governor’s Awards for Local Government Excellence. In total, eight local government leaders and eight communities across the state received awards that were presented today at the Capitol Building in Harrisburg.

The following municipalities in the Greater Philadelphia area were recognized:

The Governor’s Awards for Local Government Excellence are presented annually to communities and individuals by the Governor’s Center for Local Government Services (GCLGS), an office within the DCED that works to assist Pennsylvania’s 2,562 local governments. A panel of judges from the GCLGS reviewed applications submitted by municipal organizations from across the state and selected the award recipients.

The community awards cover 10 categories, including: building community partnerships; promoting community and economic revitalization; innovative community and governmental initiatives; fiscal accountability; innovative planning and sound land-use practices; intergovernmental cooperation; responding to adversity; innovative energy conservation; and innovative environmental partnerships. The individual awards are presented to local government officials who have worked to improve their communities.

Corbett Administration Recognizes Two Greater Philadelphia Area Municipalities for Innovative Practices
Harrisburg, PA – Department of Community and Economic Development Secretary C. Alan Walker, on behalf of Governor Tom Corbett, today recognized the City of Philadelphia and the Borough of Lansdale in Montgomery County for using innovative approaches to strengthen their communities and better serve residents. “Serving as local government officials you face important issues everyday and […] »

Hasbro Appoints AMP Agency as Search Agency of Record


AMP Agency Assumes Responsibility of SEO and SEM Services for Hasbro’s Iconic Brands

Hasbro, Inc. a leading, global toy and game manufacturer, has selected AMP Agency, an integrated communications agency, as its Agency of Record for search services. Seeking an agency to further enhance their search efforts, Hasbro selected AMP as their search Agency of Record following a competitive review based on its creativity, innovative thinking and digital expertise.

“We were impressed with AMP’s strategic approach to our business and ability to provide immediate innovation as well as their deep analytical understanding used to evaluate the success of our programs,” said Victor Lee, Vice President Digital Brand Marketing, Hasbro. “We are excited about what AMP brings to the table for us today as well as their views of what’s happening next in the digital media space.”

AMP’s Digital Services team will be responsible for providing digital strategy and implementation across multiple channels, including paid search (SEM), search engine optimization (SEO), creative and analytics. AMP and Hasbro aim to leverage an integrated mix of digital touchpoints to further connect consumers with Hasbro’s family of iconic brands and products including: MONOPOLY, NERF, TRANSFORMERS, MY LITTLE PONY, G.I. JOE and PLAYSKOOL.

“We are honored to have the opportunity to work with such an innovative company and its roster of beloved brands,” said Gary Colen, CEO of AMP Agency. “As a devoted Hasbro fan, I’m thrilled that AMP’s team of digital experts will be able to assist Hasbro in fulfilling its goal of re-imagining, re-inventing and re-igniting its world class portfolio of brands.”

Hasbro Logo

About Hasbro

Hasbro, Inc. (NASDAQ: HAS) is a branded play company providing children and families around the world with a wide-range of immersive entertainment offerings based on the Company’s world class brand portfolio. From toys and games, to television programming, motion pictures, digital gaming and a comprehensive licensing program, Hasbro strives to delight its global customers with well-known and beloved brands such as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY, G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The Company’s Hasbro Studios develops and produces television programming for markets around the world. The Hub TV Network is part of a multi-platform joint venture between Hasbro and Discovery Communications (NASDAQ: DISCA, DISCB, DISCK), in the U.S. Through the company’s deep commitment to corporate social responsibility, including philanthropy, Hasbro is helping to build a safe and sustainable world for future generations and to positively impact the lives of millions of children and families every year. It has been recognized for its efforts by being named one of the “World’s Most Ethical Companies.” Learn more at www.hasbro.com

About AMP Agency
AMP Agency is an integrated communications agency that employs an “Insights Inspired, Results Driven” approach to conceive, develop and implement innovative marketing solutions across a range of channels. All recommendations AMP makes are inspired by consumer insights and a deep understanding of all media channels and powered by an agency-wide spirit of integration and creativity. Our client roster is comprised of industry leaders including Maybelline New York, Samsonite, Intel, Princess Cruises, NFL PLAYERS and Ansell Healthcare. For more information, visit us on the web atwww.ampagency.com.

Hasbro Appoints AMP Agency as Search Agency of Record
AMP Agency Assumes Responsibility of SEO and SEM Services for Hasbro’s Iconic Brands Hasbro, Inc. a leading, global toy and game manufacturer, has selected AMP Agency, an integrated communications agency, as its Agency of Record for search services. Seeking an agency to further enhance their search efforts, Hasbro selected AMP as their search Agency of […] »

Bayer Advanced Selects AMP Agency as Event Marketing Provider

AMP Agency will assist Bayer Advanced TM in Developing First-Ever National Experiential Marketing Tour to Support DuraZone® Weed and Grass Killer Product Line

Bayer Advanced, one of the leading consumer lawn and garden brands in the United States, has selected AMP Agency, an integrated communications agency, to develop the DuraZone Weed and Grass Killer Own Your Zone event tour.

The DuraZone Own Your Zone event marketing tour will showcase the new line of DuraZone Weed and Grass Killer products developed to help consumers protect their landscapes from weeds. The tour will launch in Phoenix at the Maricopa County Fair on April 13th and traveling across the country over the following two months with events in top markets nationwide, including: Dallas, Houston, Miami, Tampa, Orlando, Atlanta, Charlotte, Washington, DC and Philadelphia.

“Bayer Advanced created this tour to show consumers how easy it really is to “own your zone” at home and beat the weeds this summer with one application of DuraZone Weed and Grass Killer,” said Steve Fasano, head of consumer marketing at Bayer. “We are confident that AMP Agency’s creativity and innovation will help consumers see the fun side of lawn care and gardening while displaying product effectiveness.”

The tour will recreate three key home and gardening zones – a patio, driveway and lounge area – allowing visitors to see the effectiveness of DuraZone products first hand through on-site product simulations and education.

“Over the last 15 years we have seen tremendous results from our experiential marketing campaigns, and we look forward to applying our expertise to help launch the DuraZone Weed and Grass Killer product line,” said Gary Colen, CEO of AMP Agency. “Bayer Advanced has developed a truly innovative line of products, and we’re excited to help them introduce the line to consumers nationwide.”

web_bayer_advanced_logo

About Bayer Advanced TM

Bayer Advanced is one of the leading consumer lawn and garden brands in the United States. Driven by innovative thinking and category-leading research, Bayer Advanced provides innovative and effective solutions that help consumers grow beautiful lawns and gardens and protect their landscapes from pests, weeds and diseases. Always read and follow label directions before using Bayer Advanced products. Visit BayerAdvanced.com for more information and to view how-to videos, or call 1-877-BAYERAG.

Bayer Advanced is a business group of Bayer CropScience LP (www.bayercropscienceus.com), the U.S. affiliate of Bayer CropScience AG. Bayer Advanced, Bayer CropScience LP, and Bayer CropScience AG are part of the Bayer AG family, a FORTUNE Global 500 company.

About AMP Agency

AMP Agency is an integrated communications agency that employs an “Insights Inspired, Results Driven” approach to conceive, develop and implement innovative marketing solutions that span all media channels and formats. All recommendations AMP makes are inspired by consumer insights and powered by an agency-wide spirit of integration and creativity. Our client roster is comprised of industry leaders including Maybelline New York, Samsonite, Intel, Hasbro, NFL Players and Bayer Advanced.

For more information about AMP, including a creative portfolio and client roster, please visit www.ampagency.com, become a fan on Facebook, or follow @AMP_Agency on Twitter

Bayer Advanced Selects AMP Agency as Event Marketing Provider
AMP Agency will assist Bayer Advanced TM in Developing First-Ever National Experiential Marketing Tour to Support DuraZone® Weed and Grass Killer Product Line Bayer Advanced, one of the leading consumer lawn and garden brands in the United States, has selected AMP Agency, an integrated communications agency, to develop the DuraZone Weed and Grass Killer Own Your Zone event tour. […] »

April 2012 Newsletter

MCRC is pleased to announce a new investment in Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of report analytics software and services.  Datawatch’s technology empowers organizations to transform the massive amounts of valuable information that is trapped in static reports, PDF files, HTML and other content-rich, but difficult-to-use data sources, into a dynamic information analytics system that accelerates and improves decision-making throughout their operations.  Datawatch is headquartered in Chelmsford, Massachusetts, with offices in London, Munich, Sydney and Manila, and serves customers in more than 100 countries worldwide.  In March, the Company completed the purchase of the intellectual property underlying its Monarch Report Analytics platform from Raymond Huger, d/b/a Math Strategies.  The $8.5 million purchase was funded through the combination of a $4.0 million subordinated note with warrants from Massachusetts Capital Resource Company, $1.5 million of a $2.0 million working capital loan from Silicon Valley Bank and Datawatch’s cash balances.  Michael A. Morrison, president and CEO of Datawatch, said “We are very pleased to have completed this important transaction, which will provide us with the needed financial, marketing and technological flexibility to pursue our business strategy going forward.  For more information, visit www.datawatch.com.

datawatch-logo

April 2012 Newsletter
MCRC is pleased to announce a new investment in Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of report analytics software and services.  Datawatch’s technology empowers organizations to transform the massive amounts of valuable information that is trapped in static reports, PDF files, HTML and other content-rich, but difficult-to-use data sources, into a dynamic information […] »

New Research Supports Exergen Temporal Artery Thermometry Accuracy and Efficiency in Pre-Hospital, Emergency Settings

WATERTOWN, Mass., (GLOBE NEWSWIRE) — A recent study published in the Canadian Journal of Emergency Medicine revealed the Exergen temporal artery thermometer (TAT) is more accurate and practical for paramedic use in pre-hospital settings than the in-ambulance digital thermometer (DT). The study was conducted by the emergency services system within the Regina Qu’Appelle Health Region in Canada. Based on the favorable findings, the Regina emergency services system now uses temporal artery thermometers.

The impetus for the study was an inconsistency among in-ambulance DT (or pre-hospital) and emergency department (ED) patient temperature readings (ED-DT) when the patient arrived. A total of 818 patient temperatures were monitored with the TAT 5000 and the DT in both settings over the course of two, one-month trial periods, with both the TAT and DT compared to the hospital ED-DT reading used as a reference standard. Once data was compiled, paramedics were questioned on the ease of use and overall satisfaction with the temporal artery thermometer.

The data showed that the in-ambulance DT averaged 1.2ºC (2.2ºF) lower than the ED-DT hospital reference, while the TAT averaged only 0.1ºC (0.2ºF) difference compared to the ED-DT hospital thermometer. Paramedics reported higher satisfaction rates for the TAT, as 97 percent said it was easier to use, and 98 percent indicated it saved time.

“This independent study is another powerful testament to the superior accuracy and efficacy of the temporal artery thermometer in the most challenging of emergency settings,” said Francesco Pompei, Ph.D., CEO of Exergen Corp., maker of the Exergen TemporalScanner. “This is particularly important in the pre-hospital setting where timely decisions are of the utmost importance.”

Exergen markets two models of the TemporalScanner thermometer: a professional version for doctors offices and hospitals, and a consumer model sold in major retailers including Wal-Mart, Target, Walgreen’s, Rite Aid, Costco, Sam’s Club, Babies “R” Us, Toys “R” Us, Kroger, and BJ’s. More than 1 billion temperatures are taken each year with the TemporalScanner. Used in thousands of hospitals, clinics, and pediatricians’ offices in the country as well as in millions of homes, it is the #1 selling retail thermometer and #1 preference of pediatricians in the US. The performance of the Exergen TemporalScanner is supported by more than 40 peer-reviewed published studies covering all ages from preterm infants to geriatrics and all care areas from hospitals to homes. For additional information, visit www.exergen.com.

Carleton E, Fry B, Mulligan A, Bell A, Brossart C. Temporal artery thermometer use in the pre-hospital setting. Canadian Journal of Emergency Medicine 2012;14(1):7-13.

This study was not affiliated with Exergen.

 

New Research Supports Exergen Temporal Artery Thermometry Accuracy and Efficiency in Pre-Hospital, Emergency Settings
WATERTOWN, Mass., (GLOBE NEWSWIRE) — A recent study published in the Canadian Journal of Emergency Medicine revealed the Exergen temporal artery thermometer (TAT) is more accurate and practical for paramedic use in pre-hospital settings than the in-ambulance digital thermometer (DT). The study was conducted by the emergency services system within the Regina Qu’Appelle Health Region in Canada. Based on […] »

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