Advertising agency iostudio has added to its office footprint in Washington, where it does business just blocks from the White House. Officials at the company, which does a lot of work for the National Guard, say the move is part of a broader plan to add more than 100 employees in 2012. That would top 2011's pace for the company, which was one of our 2011 Best Employers and now employs about six people in the nation's capital.
Bass Berry & Sims' Health Reform Impact takes a look at the impact of two new regulations pertaining to medical loss ratio (MLR) from the U.S. Department of Health and Human Services.
Specifically the Regulations amend provisions governing mini-med and expatriate plans, revise how rebates may be issued in the group markets, and allows some implementation costs associated with the International Classification of Diseases – Tenth Revision (“ICD-10”) conversion to be counted as a clinical expense. Perhaps most controversial is what the Regulations do not change: agent and broker compensation and fraud prevention activities continue as administrative costs for MLR calculations.
Hermitage-based Lexon Surety Group announced Friday its entrance into the bail and immigration bond industry.
The new venture will be managed by Andrew “Andy” Renshaw, who has joined Lexon as vice president of bail and immigration, according to David Campbell, Lexon president and CEO. The division also will be headquartered in Hermitage.
Ranked the 14th largest surety company in America and maintaining an A.M. Best rating of A-, Lexon offers its products in 49 states, Washington D.C., Guam, the Northern Mariana Islands and all U.S. properties located overseas.
Tennessee ranks 10th in the nation, earning a C, in terms of doing the best job possible (or, in this case, minimizing doing a poor job) in terms of spending on tax credits, cash grants and other subsidies that create few, if any, jobs and that lack wage and benefit standards covering workers at subsidized companies.
In short, we are doing poorly, but not nearly as terrible so as most states. Read the report from Washington D.C.-based Good Jobs First here.
Walt Disney officials said Friday they will not move forward with plans to build a 500-room resort in the Maryland mixed-use development that also houses a Gaylord Entertainment hotel and convention center. The House of Mouse spent $11 million on land in the National Harbor project two and a half years ago and would have boosted the national cachet of the development had it followed through with construction. Gaylord's property there has been hamstrung by Beltway uncertainty this year: Revenues were off 11 percent to $170 million through the first nine months of 2011.
Always trying to make things simpler, the folks at the Centers for Medicare and Medicaid Services have amended certain rules related to ambulatory surgery centers.
The main reform in the final rule for ASCs is CMS’ announcement that ASCs will no longer be required to notify patients of their rights "in advance of the date of the procedure" but rather simply "prior to the start of the surgical procedure." The previous wording effectively prohibited an ASC from performing a surgery on the same day as the patient referral, and ASCs argued that it resulted in unnecessary scheduling inconveniences and travel issues for some patients. Now ASCs have the ability to perform same-day surgeries and still meet the patient notification requirement. CMS has also made certain technical corrections to the wording of ASC regulations that are not anticipated to have a substantive impact on ASC operations.
POSTDATA: WARRANTY DEEDS