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By Shayne Bevilacqua | 03-07-2024

  In an unprecedented move that has sent ripples through the medical and legal landscapes, the Alabama Supreme Court’s recent decision concerning embryo rights has positioned the state at the forefront of a new legal frontier. This landmark ruling, emerging from a case last month, has not only sparked a nationwide debate but has also […]

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By Shayne Bevilacqua, MBA | 11-30-2023

As a medical professional, purchasing the right insurance is crucial to protect your practice and yourself from potential lawsuits and other risks. However, there are several common mistakes that medical professionals make when purchasing insurance that can leave them vulnerable. In this blog, we will explore 7 common mistakes medical professionals make when purchasing insurance. […]

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By Shayne Bevilacqua, MBA | 10-24-2023

  In the medical field, the terms negligence and malpractice are often used interchangeably, leading to confusion about their meanings. However, it is important to recognize the distinctions between these terms. This article aims to clarify the differences between medical negligence and malpractice, as well as to address whether patients have the right to sue […]

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By Shayne Bevilacqua, MBA | 10-19-2023

In the rapidly evolving healthcare landscape, modernizing your physician practice is crucial to stay ahead and deliver exceptional patient care. By leveraging innovative tools and strategies, you can enhance efficiency, improve patient experiences, and streamline your practice operations. In this article, we will explore five simple game-changers that can help modernize your physician practice and […]

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By Shayne Bevilacqua, MBA | 09-21-2023

  Claims frequency and severity are on the rise across the insurance industry, driven by social inflation and resulting in increased litigation and costly settlements. This trend is not limited to commercial auto and general liability policies, as other insurance segments are also experiencing an increase in claims payouts.     A report by the […]

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By Shayne Bevilacqua, MBA | 09-05-2023

Healthcare firms are a prime target for cybercriminals due to the sensitive nature of the data they hold. Recent research conducted by Arete and Cyentia found that healthcare firms are 75% more likely to pay a ransom in the event of a cyberattack than other industries. This is often due to the critical nature of […]

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By Shayne Bevilacqua, MBA | 08-29-2023

As part of the Affordable Care Act (ACA), certain requirements were put in place to help ensure that health insurance providers are using premium dollars efficiently and effectively. Two key components of this are medical loss rebates (MLR) and the Patient-Centered Outcomes Research Institute (PCORI) fees.   MLR rebates are issued by insurance providers that […]

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By Shayne Bevilacqua, MBA | 08-24-2023

The medical field is experiencing a groundbreaking development in cancer detection, thanks to recent advancements in artificial intelligence (AI). Researchers have successfully developed an AI model that surpasses human radiologists in accurately identifying cancer from radiology films. This revolutionary breakthrough could potentially save millions of lives through early detection and treatment.   A study conducted […]

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By Shayne Bevilacqua, MBA | 06-27-2023

Artificial intelligence (AI) has been transforming industries across the board, and healthcare is no exception. AI is now being used in healthcare to improve patient outcomes, increase efficiency, and reduce costs. Here are some of the ways that AI is being used in healthcare today:   Diagnosis and Treatment   AI is being used to […]

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By Shayne Bevilacqua, MBA | 05-26-2023

Disability income awareness month is an annual event that takes place every May. The purpose of this month is to raise awareness about the importance of Disability Income Insurance and the financial protection it provides to individuals and families in the event of an unexpected injury or illness.   Disability Income Insurance is a type […]

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By Shayne Bevilacqua, MBA | 05-16-2023

Level Funded vs Fully Insured vs Fully Insured   Bottom Line:   Fully Insured: Fixed monthly costs and no cash back = complete protection Level Funded: Fixed monthly costs and potential for 50% Surplus refund = complete protection when TLO embedded Self Funded: Some fixed costs and Employer risk up to Stop Loss. Real time […]

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By Shayne Bevilacqua, MBA | 03-21-2023

Social inflation refers to a pattern of the average insurance claim rate being higher than that of overall inflation. In the medical realm, social inflation is a major cause for why insurance premiums have been rising at such a high rate and is attributable to between $2.4 billion and $3.5 billion in losses. The Doctor’s […]

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By Shayne Bevilacqua, MBA | 03-14-2023

Today we will cover some current events related to a recent rise in drug costs seen in January. We will dive into why it is happening, the severity of these price hikes, and what this means for drugs entering the market in the future.    Why are you experiencing increased drug costs? In January, drug […]

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By Shayne Bevilacqua, MBA | 01-31-2023

In compliance with the Stark waiver, many practices that provide diagnostic services overlooked the Anti-Markup Payment Limitations (the AMPL”) regulation tat prevents how much health care providers can inflate prices for such services. Practices that have not complied with the AMPL may find themselves recipients of Medicare overpayments subject to repayment. The Center for Medicare […]

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By Shayne Beveilacqua, MBA | 12-20-2022

Today’s message focuses on the importance of telehealth as it relates to monitoring medicine assisted training (MAT) and its ties to substance use disorders (SUD). According to the U.S. Department of Health and Human Services, about 10.1 million people struggle with opioid related SUDs, a statistic serving as a major driver of U.S. attention toward […]

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By Shayne Bevilacqua, MBA | 11-03-2022

Some good information from HealthEquity…. We have some updates to share around recent legislative changes that may impact your consumer-directed benefits.   Internal Revenue Service (IRS) Releases 2023 Index Figures On October 18, 2022, the Internal Revenue Service (IRS) announced the official 2023 Healthcare Flexible Spending Account (HCFSA), Limited Purpose FSA (LPFSA), commuter, and adoption […]

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By Shayne Bevilacqua, MBA | 10-25-2022

REGISTER NOW      Join Sara Simkins for an in-depth review covering the Employer Shared Responsibility (ESR) provision, associated penalties and year-end demand for payment letters. Learn what steps should be taken promptly if you receive the notice. Topics to be covered include: The basics of the ESR provision First-time Applicable Large Employers (ALEs) Overview […]

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By Shayne Bevilacqua, MBA | 10-17-2022

ARE YOU SENDING REQUIRED DISCLOSURE NOTICES TO PARTICIPANTS AND THEIR DEPENDENTS?   The Employee Retirement and Income Security Act (ERISA) requires employer-sponsored health and welfare benefit plans to send a variety of notices to participating employees and their dependents. Employers should be careful to adhere to the guidelines when it comes to electronic delivery, particularly […]

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By Shayne Bevilacqa, MBA | 09-29-2022

The healthcare industry is an industry full of sensitive and private information from all walks of life. Healthcare businesses commonly require card payment information, patient health records, and personal identifying information. As these types of information are the most sought after among cyber criminals, the healthcare industry is a perfect target for them. When patients’ […]

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By Shayne Bevilacqua, MBA | 08-25-2022

Substance use disorder and mental health advocates have been long awaiting updates to the DAACA and MHPA confidentiality provisions. Advocates were hoping for updates allowing for easier sharing of patient information between mental health and substance abuse disorder providers, in hopes to provide more efficient and satisfactory patient care.   DAACA and MHPA were put […]

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By Shayne Bevilacqua, MBA | 08-16-2022

On June 4, 2018, the New Jersey Board of Medical Examiners in consultation with the Physician Assistant Advisory Committee adopted regulations pertaining to the 2015 Physician Assistant Modernization Act.  An important take-away from the enacted regulation is that a Physician Assistant licensed in New Jersey who engages in clinical practice shall be covered by medical […]

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By Shayne Bevilacqua, MBA | 08-10-2022

The term metaverse is loosely defined as a virtual environment shared by many people via digital devices. The four technologies that the metaverse is usually accessed through are virtual reality, mixed reality, extended reality, and augmented reality.    Metaverse Market Predictions As our world is transitioning into being immersed in technology, the metaverse market is […]

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By Shayne Bevilacqua, MBA | 08-05-2022

With the Pandemic having lasting effects in the U.S. and all over the world, companies may be wondering what they can do to protect their employees without legal trouble.   What is Going on With the Mandate? There has been talk about mandating the SARS-CoV-2 vaccine in the U.S. since the vaccine was released to […]

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By Shayne Bevilacqua, MBA | 07-28-2022

With the constant worry of cybersecurity breaches in today’s world; how can we safely send HIPAA compliant text messages out to our patients/clients?   What is the Risk You Take in Sending Private Information Over Text? Although texting is an easy and efficient way to send information out to patients and or clients, there is […]

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By Shayne Bevilacqua, MBA | 07-12-2022

The Health Insurance Portability and Accountability Act (HIPAA) is a federal law in the healthcare industry that protects sensitive patient information from being disclosed without the patient’s consent. HIPAA compliance is important for patient safety as well as for healthcare workers to avoid possible lawsuits.    Who Becomes a HIPAA Privacy Officer? A HIPAA Privacy […]

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By Shayne Bevilacqua, MBA | 07-06-2022

Medical malpractice insurance is a fundamental necessity for all healthcare providers. Medical workers such as dental specialists, surgeons, opticians, and  medical caretakers need medical malpractice insurance in order to protect themselves from possible disputed service that results in a patient’s injury or even death. This type of insurance also relieves the financial responsibility of legal […]

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By Shayne Bevilacqua, MBA | 05-26-2022

Practice Continuation Agreement (PCA) A practice continuation agreement (PCA) is a plan set in place that authorizes another person to take on the responsibilities of an accounting firm under extreme circumstances. Circumstances that may cause the plan to go into effect are disability, ongoing illness, family emergencies and more. Having a PCA in place before […]

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By Shayne Bevilacqua, MBA | 05-09-2022

    As of recently, there have been many significant healthcare lawsuits throughout the country. Some of which include: lawsuit against the OSHA inspection in a Texas hospital, a hospital director of the West Virginia University affiliate of violating patient safety, and hospitals suing the United States Department of Health and Human Services over a […]

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By Shayne Bevilacqua, MBA | 02-16-2022

      What is First-Party Cyber Coverage?   First-Party cyber coverage is liability insurance that can help small businesses protect themselves against cyberattacks. The financial impacts of cyberattacks can be significant, so it is very important to make sure that your small business is protected against the potential financial burden of cyber attacks. First-party […]

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By Shayne Bevilacqua, MBA

What is Compassion Fatigue? Compassion fatigue in a healthcare setting is feelings of chronic stress at work and outside of work because of constantly being in a workplace setting where the healthcare provider feels compassion for their patients. Another name for compassion fatigue is empathy burnout, and it is a problem faced by both patient […]

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By Shayne Bevilacqua, MBA | 01-26-2022

Below, please find a message shared today with all of Curi’s practice administrators and physicians, inviting them to register for Curi Capital’s upcoming webinar. Feel free to reach out with any questions about the firm and its offerings. Dear partner, We invite you to join us for a webinar hosted by Curi Capital, entitled “’Tis […]

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By Shayne Bevilacqua, MBA | 04-13-2020

The following bulletins have been issued by the New Jersey Department of Banking and Insurance and are posted on the Department’s website.   Bulletin No. 20-11 Guidance Concerning Circumstances Related to the COVID-19 Pandemic (Individual Market)   Bulletin No. 20-12 Guidance Concerning Circumstances Relating to the COVID-19 Pandemic (Small Employer Market)   Bulletin No. 20-13 […]

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By Shayne Bevilacqua, MBA | 04-10-2020

April 10, 2020   UnitedHealth to offer nearly $2B in accelerated payments, financial support to providers (Fierce Healthcare-April 7, 2020) The insurer said that it would accelerate claims payments to both medical and behavioral health care providers across its fully insured commercial, Medicare Advantage (MA) and Medicaid plans. It will also make $125 million in […]

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By Shayne Bevilacqua, MBA | 04-10-2020

Governor Murphy Signs Executive Order Extending Insurance Premium Grace Periods 04/9/2020 TRENTON — Governor Phil Murphy today signed Executive Order No. 123, extending grace periods during which certain insurance companies, including health insurers, life insurers, and property and casualty insurers, will not be able to cancel policies for nonpayment of premiums.“We know the stringent measures […]

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By Shayne Bevilacqua, MBA | 04-01-2020

Frequently Asked Questions for Clients and Producers   We know our mutual clients are reaching out to you with questions about how members can seek care during the COVID-19 crisis.   Questions such as:   Is Highmark reaching out to inform and engage members with chronic conditions who may be at a greater risk?   […]

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By Shayne Bevilacqua, MBA | 04-01-2020

Helpful information from our local Chamber of Commerce: Hello GVCC Member – Attached is a presentation provided today by the NJEDA with information about their initial COVID-19 Economic Response Package.   The grant program is available to select small businesses. It will be open for applications this FRIDAY, APRIL 3 beginning at 9am and will […]

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By Shayne Bevilacqua, MBA | 04-01-2020

Good information below from our local Chamber of Commerce:   CARES-Act information SBA-CARES-Flow-Chart   Hello GVCC Member –   Attached are 2 files with good information about the CARES Act for Small Businesses, including information on the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). All the relief offered through the CARES Act […]

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By Shayne Bevilacqua, MBA | 03-31-2020

Just passing along some information that was sent to us below.  We are not affiliated with this person or organization and have no interest in the same.  Please contact them directly with any questions. Thank you.   REGISTER NOW The primary goal is to ensure everyone is well educated on what is myth and what […]

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By Shayne Bevilacqua, MBA | 03-30-2020

Today is National Doctors Day, and we at Professional Liability Insurance Group want to take the opportunity to express how grateful we are for each and every one of you.   We are especially thankful for those who are on the front line of the war against COVID-19, gearing up for battle and running into […]

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By Shayne Bevilacqua, MBA | 03-27-2020

The Senate passed the Federal Coronavirus Aid, Relief, and Economic Security Act (CARES/H.R. 748) on Wednesday, March 25, 2020. COVID-19 UPDATE Coronavirus Aid Relief and Economic Security CARES Act PASSED – Highlights For Your Medical Practice Today, March 27, the House has approved the bill. This is the third major bill by Congress in response […]

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By Shayne Bevilacqua, MBA | 03-27-2020

Please read this announcement from the SBA regarding their disaster loan program for new applications:   U.S. Small Business Administration   To submit an application:   Email: Email your completed document(s) as attachments to: disasterloans@sba.gov Any information you send to SBA via email is sent via an unsecured email link. Due to the nature of […]

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By Shayne Bevilacqua, MBA | 03-27-2020

NEW EXECUTIVE ORDER No. 109 EO-109 Governor Phil Murphy today announced a new state website for reporting personal protective equipment (PPE). In accordance with Executive Order No. 109, any business, non-hospital health care facility, or institution of higher learning in possession of PPE, ventilators, respirators, or anesthesia machines must submit that information to the State […]

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By Shayne Bevilacqua, MBA | 03-21-2020

EO-107 EO-108  

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By Shayne Bevilacqua, MBA | 03-27-2020

Below is a recent correspondence from Horizon BCBSNJ   Due to the declared public health emergency by the Governor, and until it is lifted, Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) understands that the small employer community is working through many concerns. With regard to New Jersey Small Employer Health (SEH), effective […]

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By Shayne Bevilacqua, MBA | 03-26-2020

Dear Shayne, Since launching our COVID-19 FAQs and Risk Resources website last week, we have received tens of thousands of page views and lots of feedback. In response, we have enhanced the website to help you and your customers quickly access relevant information from MedPro and other authoritative sources. We especially want to draw your […]

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By Shayne Bevilacqua, MBA | 03-26-2020

Please follow the laws of your state, your professional license, and the guidelines of your insurance carriers, as you use your own discretion in providing telehealth services to your patients.  We are solely providing information for your own edification and  never provide legal, medical or financial advice. SAMPLE Consent Form Telemedicine Letter for Physicians

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By Shayne Bevilacqua, MBA | 03-25-2020

Below is correspondence from Delta Dental. DeltaDentalNJ.com Many of our clients are already feeling the financial effects of the COVID-19 pandemic. We are working to help them keep their employees covered. Here are some ways we can help: Lapse in premium payment: To support our clients during the challenging days ahead, Delta Dental will not […]

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By Shayne Bevilacqua, MBA | 03-25-2020

This information is provided as a service based on what we have been given at this time.  Please contact your agent and/or insurance carrier for more up-to-date and additional information. I hope this helps.  I know it is very challenging for all healthcare practices and facilities right now. God bless all our First Responders as […]

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By Shayne Bevilacqua, MBA | 03-25-2020

COBRA During the State of the Emergency, are employees or employers penalized for issuing COBRA notices at a later time if they are unsure of the nature of the layoff (permanent or temporary)? As it stands today, the current law as written applies. Therefore, COBRA rules apply as they would in any layoff. Should legislation […]

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By Shayne Bevilacqua, MBA | 03-25-2020

Please find attached most recent Health Insurance Carrier Benefit update Spreadsheet. CarrierBenefitsCoronavirusChart 2020March25

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By Shayne Bevilacqua, MBA | 03-25-2020

We received word from Horizon that we are free to share the following updates about furlough.  A formal brief from Horizon is expected later today. ______________________________________________________________________________________ We received a few responses as it relates to COVID-19 Horizon administrative inquiries- below please find some initial guidance on some of your questions below: Q Can employer groups […]

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By Shayne Bevilacqua, MBA | 03-24-2020

Most recent communications from Health Insurance Carriers for New Jersey: (Please contact your agent, broker, or insurance carrier for more information.) AmeriHealth: As a result of the COVID‑19 outbreak, AmeriHealth New Jersey will honor employer requests to continue coverage for employees furloughed or temporarily laid off as a result of impacts of COVID‑19. This exception […]

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By Shayne Bevilacqua, MBA | 01-25-2018

President Trump has signed the Extension of Continuing Appropriations Act, which will fund the government through February 8, 2018. The Act includes: – delays implementation of the Excise (Cadillac) Tax, ACAs tax on higher cost employer-sponsored health coverage, until 2022. Previously, this tax, designed to discourage employers from compensating workers through more generous health insurance […]

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By Shayne Bevilacqua, MBA | 01-19-2018

You may click this link to download the latest Savoy Employer Newsletter for the Fourth Quarter 2017. Please don’t hesitate to share this with others.

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By Shayne Bevilacqua, MBA | 08-03-2017

Healthcare is always changing to meet new demands by patients and to improve care already provided by professionals like yourself. Of course, it is hard sometimes to keep up with all the innovations released. Some, while great, might slip by without much fanfare. So, what are some of the best medical innovations which appeared in […]

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By Shayne Bevilacqua, MBA | 04-14-2017

The Final Market Stabilization Rule from Healthcare.gov According to Healthcare.gov, CMS issued final rule to increase choices and encourage stability in health insurance markets for 2018 The Centers for Medicare & Medicaid Services (CMS) issued the final Market Stabilization rule to help lower premiums and stabilize individual and small group markets, and to increase choices […]

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