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Industry Trends

Industry Trends (38)

When consumers need to access emergency health care services, they usually do not have the time nor presence of mind to determine whether a provider treating them is in-network or not. When those emergencies expose them to out-of-network providers, the provider or facility may “balance bill” the consumer for amounts…
Reference Based Pricing (RBP) is a cost containment strategy that some larger employers have implemented to help place a cap on the cost of larger medical services. It’s a savvy strategy that, in the past, has worked best with self-funded large employers but is gaining steam across employers of all…
Monday, 09 April 2018 14:44

Paying Hospitals to Keep People Out?

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For years, hospitals have made money by admitting (and readmitting) people. But what if it were more profitable to reduce readmissions? Both the Medicare Modernization Act and the Affordable Care Act increased the incentives hospitals have to reduce readmissions. But the state of Maryland is taking it even further and…
We all know that attracting and keeping the superior employees in your field is a constant challenge. Employers must stay ahead of the curve and anticipate the needs of the future. We all wish we could predict the future, but until that time comes, here’s a nice summary from Paylocity…
Tuesday, 31 October 2017 06:56

How do Your Benefits Stack Up?

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The Kaiser Family Foundation has released their 2017 Annual National Employer Benefits Survey. This survey compares employer-sponsored health benefits for private and nonfederal employers with three or more workers. Do you know how your current plans stack up to the competition? Fall River uses this Kaiser survey and other local…
Tuesday, 26 September 2017 18:59

HRIS Technology: To Digital Infinity and Beyond

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Habits are hard to kick and people are hesitant to change, but it’s no secret that HR functions are leaving the paper-based world and moving digital. Digital signatures, cloud computing and online benefits platforms are areas we are seeing most HR professionals gravitating towards. The major reasons we are seeing…
In a Twitter message on July 29th, U.S. President Donald Trump threatened to end government payments to health insurers if Congress did not pass a new healthcare bill. Trump tweeted "If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will…
Wednesday, 14 June 2017 14:02

Finally, a Little Relief on Drug Trends

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According to an article released by Optum, recent data shows Hepatitis C medications are positively contributing to specialty drug trend reductions and achieving lasting clinical results. FDA approved medications for Hepatitis C, such as Sovaldi and Harvoni, started entering the market in 2013, and with great controversy. These medications have…
Thursday, 27 April 2017 08:22

Introducing an Online One-Stop HR Solution

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Fall River is excited to announce that our clients will now have complimentary access to HR360, a comprehensive online Human Resources portal designed to help you comply with employment and benefit laws in all 50 states. With HR360, you’ll find easy, step-by-step guidance on a broad range of laws and…
Employers are naturally concerned about their rising healthcare costs, and are always looking for ways to cope with this ongoing situation. While Fall River helps its clients create year-round strategies to address costs over the long term, some employers need some short term or one-time savings. 
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