Tag: transparency
Hidden Opportunities, A Strategic Compliance Series
Hidden Opportunities Overview
In this webinar series we explore ways organizations can go beyond basic compliance and improve their “organizational soil” through a strategic response to the No Surprises Act and the Transparency in Coverage regulations. Our goal is to help organizations create a competitive advantage. Does it make sense to expend limited resources to merely comply with the law and regulations, or is there a way to strategically “design the compliance away” while differentiating the employee value proposition?
For example, a knowledgeable horticulturist may use the high temperatures of the summer season, which are a normal part of the environment just as law and regulation are a normal part of the business environment, to solarize the soil. This is a low cost and simple process of spreading a plastic sheet over an area of soil to trap and intensify the sun’s energy. It is a process that works well to destroy weed seeds and pathogens. Similarly, a knowledgeable Humaculturist® can employ techniques to leverage laws and regulations to strategically improve the organization. This webinar series seeks to identify some of these techniques.
The topics from the series include:
| Hidden Opportunities: No Surprises Act |
| Surpassing Mere Compliance – Including Reference Based Pricing |
| Preserving the Harvest…Leveraging HSAs |
| Hidden Opportunities: Transparency |
| A “Dope” Response to Pharmacy Transparency |
| Mental Health Parity…A Lucid Approach |
| Pest Management, Minimizing Plan Losses through Fee Disclosure |
Available Support
We are available to support you in your strategy, design, compliance, financial, and monitoring needs. Our team includes experts in organization design, actuarial science, clinical, and legal can guide the process to achieve optimal behavior. Please contact us.
Webinar Replay: Pest Management, Minimizing Plan Losses through Fee Disclosure
Watch a replay of the fifth webinar in Humaculture, Inc.’s Hidden Opportunities, Strategic Compliance Series, which focuses on how to use fee disclosure to leverage behavioral design, seek strategic advisors, and optimize plan efficiency.
Presenters
- Steve Cyboran, ASA, MAAA, FCA, CEBS, actuary and strategy consultant
- Wes Rogers, Humaculturist® and strategy consultant
- Jack Towarnicky, LLM, JD, MBA, CEBS, attorney, strategy and compliance consultant
Objective
Beyond basic compliance, this series addresses how to strategically leverage the No Surprises Act and Transparency in Coverage to create a competitive advantage for both the employer and employees. This session focuses on how leveraging Fee Disclosure as a means of “Pest Management” to leverage behavioral design to align interests with your advisors to take a strategic approach and identify conflicts of interest and inferior value in services provided.
Fee Disclosure Key Takeaways
During this session, participants will learn that:
- It seems Congress doesn’t believe group health plan fiduciaries are knowledgeable about fees
- This may be a first step to shine light on fee reasonableness, conflicts of interest
- While the plan fiduciary remains responsible, advisors are put on notice to disclose
- Mere compliance ignores the opportunity to cultivate the organizational soil
- Leveraging Fee Disclosure as a means of “Pest Management” can:
- Identify conflicts of interest and inferior value in services provided
- Avoid advisors who haven’t already fully disclosed their compensation
- Seek advisors who take a strategic approach, cultivate your organizational soil
- Employ behavioral design to align interests
Available Support
We are available to support you in your strategy, design, compliance, financial, and monitoring needs. To that end, our team of consultants, including actuaries, clinicians, behavioral health, pharmacy, and legal resources are available to guide you through the strategy and compliance process. Please contact us: [email protected].
Watch
Watch the Hidden Opportunities: Pest Management, Minimizing Plan Losses through Fee Disclosure Webinar Replay below, or via Rumble or YouTube.
