The COVID-19 pandemic has not only impacted the healthcare industry but also the global economy. Hospitals are facing rough waters due to high costs post-pandemic, with inflation and workforce shortages further adding to their financial challenges.   The pandemic has led to inflation in the prices of essential medical supplies, including personal protective equipment (PPE), […]

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 […]

Due to the covid-19 pandemic, the demand for telehealth services has increased significantly, leading physicians and hospital systems to adopt more technologically efficient methods of digital communication. Unfortunately, there has been such a spike in demand and complexity of these services that several facilities are beginning to enforce additional billing for digital services.    While […]

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 […]

Throughout 2021 the employment practices liability (EPL) market saw premium and retention increases between 10-25%, with underwriters increasing prices to remain profitable.   According to a 2021 market overview, primary EPL insurers were not interested in writing new EPL coverage, and their appetite was about 10-15 insurers. Because of EPL insurers hesitation to take new […]

Due to the major increase in ransomware attacks and their multimillion dollar payouts, qualifying for a cyber insurance policy isn’t as simple as a phone call to a provider. But how can you do your best to qualify at a fair price?   The Market in the Past Few Years  The average cost of insured […]

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 […]

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 […]

With crime rates rising in big cities such as New York City, Philadelphia, Chicago and more, there is a growing concern among workers about returning to their offices.    What’s Causing the Scare? In New York City on Tuesday April 12, a shooting occurred on the subway leaving a Goldman Sachs employee dead, and ten […]

    Trends are constantly changing and reappearing in all areas of life, especially in the business and insurance industry. With 2022 reaching its midpoint, it is important for business owners to not only reflect on what they have accomplished so far within the year, but it is also important to understand trends that are […]

    With Omicron’s subvariant on the rise again in the United States, which was not expected to happen, it leads to the question of if masks will be returning in importance and if a mask mandate will be implemented in the near future. Recently, Columbia University is requiring that their students wear masks again […]

    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 […]

    With the COVID-19 pandemic slowing down, more and more employees are returning back into the workplace. However, the idea   of the common “workplace” will never be the same again, and remote work has proven to be more efficient in some cases for some   businesses as well. Since the workplace environment is […]

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 […]

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 […]

This is an excellent article from Fox Rothchild:   https://www.foxrothschild.com/publications/covid-19-construction-contracts-and-potential-claims-under-business-interruption-civil-authority-and-other-insurance-policies-and-endorsements/ Attached is a PDF Download of this article for your convenience.

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 […]

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 […]

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 […]

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 […]

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?   […]

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 […]

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 […]

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 […]