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 | 04-09-2020

Thursday, April 9, 2020 New Jersey Governor Murphy has signed an Executive Order extending the grace period for residents unable to pay their insurance premiums because of a loss of income or other negative impact as a result of the COVID-19 emergency.   The Governor’s Executive Order requires: A minimum 60-day grace period for health […]

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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 | 03-21-2020

EO-107 EO-108  

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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 | 04-15-2019

When it comes to mistakes done on some work it can be counted as either an error or an omission. Both of them have the same result, work is not completed to a satisfactory standard and both can be central to a claim. However, the difference between the two can make a significant difference in […]

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By Shayne Bevilacqua, MBA | 12-18-2018

One of the irrefutable truths of life is that at some point we will all die. There are many health care professionals, if not all, who will do everything they can to extend life. Even if, in some circumstances, the results turn out inadvertently to not be in the best interest of the patient. End […]

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medicine
By Shayne Bevilacqua, MBA | 02-01-2018

Benefits were the real winners in the stopgap government funding Bill H.R. 195. On January 22, 2018, President Trump signed into law a Continuing Resolution (CR) that included major healthcare priorities. The short-term government funding bill temporarily ends the government shut down and funds it through February 8, 2018.  So, we’ll be seeing more activity […]

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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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By Shayne Bevilacqua, MBA | 04-10-2017

Insurance is critical if you work in the health industry. A survey by the American Medical Association in 2010, found that 61% of physicians had been sued by the end of their career. Without the right insurance, you risk being financially responsible for any claims made against you, yet so many medical professionals make errors […]

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By Shayne Bevilacqua | 04-19-2016

The Practice Profitability Index Survey (PPI) is an annual survey that analyzes the operational and financial challenges for physician practices within the US. The third survey, taken in July/August 2015, asked 5,024 physicians to participate. Here is a summary of the findings of the report. Profitability Outlooks Are Flattening In previous years, the PPI has […]

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12-11-2015

A few weeks ago we blogged about the importance of the mobile user to Business Owners. This info-graphic from Greatcall shows not only are mobile users using their phones to contact businesses, but 52% of them actually gather health related information while on their phone. According to a Pew Research study, 80% of today’s Physicians […]

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By Shayne Bevilacqua | 07-23-2015

The year 2012 marked an important advance in health care with medical records migrating to electronic systems in a move that signaled the era of digital medicine. Since then, one has to only look at his or her phone to see the bevy of apps (Apple’s newest iOS comes with Apple Health) sprawled all over the digital landscape promising […]

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By Shayne Bevilacqua | 06-20-2014

Remember when factory workers were more worried than, say, doctors that their jobs were at risk due to a robotic takeover? Those fears turned out to be somewhat warranted, yet the U.S. has managed to increase worker productivity by 3.7% per year for 60 years. In 2013, reporters from the Associated Press set out to […]

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By Shayne Bevilacqua | 09-08-2014

Life expectancy has been increasing for some time now, mostly due to the advances in the medical field that some of our greatest minds have conjured. As we progress in both our understanding of the human body and our mastery of technology, it’s only natural that we use our know-how to alleviate the medical conditions […]

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By Shayne Bevilacqua | 08-13-2014

The age of telemedicine is officially upon us as a handful of insurers are rolling out video conferencing programs to help patients see a doctor over the digital medium. Insurers like WellPoint and Aetna are offering 4 million and 8 million patients—respectively—the ability to partake in e-visits over the next year. Companies like American Well […]

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