Local employee benefits firm Virtus has partnered with similar companies based in Kentucky and Maryland to launch a company that will crunch masses of data to help clients lower their health care costs. Virtus President David Johnson said Acclaim Health Analytics will "identify cost drivers and compliance with treatment protocols" and help insurance plan members improve their health.
A survey by the Henry J. Kaiser Family Foundation and the American Hospital Association’s Health Research and Educational Trust shows that the average family can expect to pay more than $15,000 for health insurance this year, up 9 percent from 2010. While that's cruddy news given the fragile state of the economic recovery, things look set to get even worse: The survey predicts rates will more than double by 2021.
It seems the new, cutting-edge, outside the box stuff always originates — in one form or another — in California.
Therefore, it’s no surprise that a Century City, Calif., law firm is the first to explore employee benefit programs designed to address the burgeoning and difficult work-life balance issue faced by lawyers who have become first-time parents. Earlier this year, O’Melveny & Myers collaborated with behavioral health care company AbilTo to create Momentum One, an employee benefit program designed to help new parents/lawyers transition back to work.
The program pairs new moms or dads with one of AbilTo’s transition specialists, who are also licensed clinical social workers. Meetings via videoconference are set up once a week for eight weeks — four before the new parent returns to work, and four after. Click here for The Careerist blog post detailing the program’s initial success.
Health care cost transparency venture change:healthcare has signed an agreement to market its services to the 130 customers of Unified Group Services, a third-party administrator based in Indiana. The deal gives Brentwood-based change:healthcare — which this year has hired two former Caremark senior execs — access to about 22,000 PPO enrollees.
Local firm Virtus Benefits has joined a national best-practices organization comprising more than 40 companies from around the country. Virtus President David Johnson, whose firm has worked with Fisk University and Mathews Co. among others, said being part of Benefits Advisors Network will help his seven-year-old firm keep up with the latest ideas in the industry.