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Venture Forum draws 300 to Buffalo
More than 30 companies from around the state participated this week in the 2012 Venture Forum in Buffalo. The event, which took place Wednesday and
MVP expands self-funded insurance offerings to mid-sized businesses
MVP Health Care, Inc. has seen plenty of interest after launching a self-funded insurance option for mid-sized businesses, according to the Schenectady–based insurer’s vice president of corporate affairs. The mid-sized self-funded insurance option, which MVP launched in March under the name SelectSuite, targets companies with between 51 employees and 149 employees. MVP hadn’t previously offered
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MVP Health Care, Inc. has seen plenty of interest after launching a self-funded insurance option for mid-sized businesses, according to the Schenectady–based insurer’s vice president of corporate affairs.
The mid-sized self-funded insurance option, which MVP launched in March under the name SelectSuite, targets companies with between 51 employees and 149 employees. MVP hadn’t previously offered a self-funded product for companies of that size, although it had helped larger firms self-fund, according to Frank Fanshawe, vice president of corporate affairs at the not-for-profit MVP.
“A lot of businesses are talking about this,” Fanshawe says. “There is significant interest in the market.”
Companies that self-fund their workers’ health insurance pay directly for employees’ covered claims. They typically contract for administrative services like customer service, claims processing, and network management.
MVP will be providing those services under SelectSuite. Mid-sized employers in Central New York and upstate New York
wanted the option to self-fund, Fanshawe says.
“There’s certainly been a demand for this type of product,” he says. “We’re responding to the market demand.”
It’s too early to share the number of companies that have expressed interest in SelectSuite, Fanshawe says. MVP is focusing on trying to teach companies about the benefits of self-insuring — benefits that can include lower costs, he adds.
“There’s a significant focus on wellness and preventive care,” he says. “This self-funded arrangement can present the most direct financial benefit when you talk about the impact [of wellness programs] on the amount that a business spends on self coverage.”
Self-funded plans also will not be subject to a tax on health-insurance premiums that is scheduled to start in 2014 under the 2010 federal health-care reform law, Fanshawe says. And they aren’t subject to a separate New York State Premium Tax.
The New York State Premium Tax is 1.75 percent, according to MVP. The company estimates that its federal health-insurance premium tax will be about 3 percent when it starts in 2014. However, the federal government will levy that tax based partially on market share, so MVP doesn’t know its exact rate, Fanshawe says.
SelectSuite will mirror benefit packages MVP offers through its traditional insurance business. Companies will be able to choose from a variety of plan types, including high-deductible plans.
Mid-sized businesses choosing to self-insure with MVP generally won’t have as many benefit options as larger businesses, according to Fanshawe. If they did, they might be overwhelmed, he says.
“When you get into the large-group segment, those groups tend to seek very specific benefit-design packages,” he says. “The medium groups don’t have the ability to do that. That segment of 51 to 149 employees can’t dedicate the internal resources to developing their own plan.”
MVP plans to charge a flat fee for administering SelectSuite plans. It will charge $55 per employee per month for firms with between 51 employees and 99 employees. It will charge $50 per employee per month for companies with between 100 employees and 149 employees.
Although MVP is aiming SelectSuite at companies with 51 employees to 149 employees, the insurer will work with slightly larger firms who are interested in the product. So if a company with 200 employees felt it didn’t have the manpower to customize its own plan design, it could use SelectSuite, Fanshawe says.
MVP would also consider administering self-funded insurance for businesses with 50 employees or fewer, he says. But firms of that size don’t generally have the financial resources to make that a good option, he adds.
MVP provides fully insured and self-funded health-benefit plans, dental insurance, and ancillary products like flexible-spending accounts in New York, Vermont, and New Hampshire. The company has more than 600,000 members, with 41,000 in Central New York, according to the 2012 Book of Lists. It has 1,800 employees, 65 of which are in Central New York.
The company’s Syracuse office is located at AXA Tower 2 at 120 Madison St. It also has offices in Utica and Endwell.
Study: CDHP growth could save $57.1 billion per year
Enrollment growth in consumer-directed health plans (CDHP) could trim national health-care spending for the non-elderly by $57.1 billion per year, according to a new study from the RAND Corporation. Those savings would come if CDHPs grew to account for half of all employer-sponsored health-insurance plans in the country, according to the study, which was published
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Enrollment growth in consumer-directed health plans (CDHP) could trim national health-care spending for the non-elderly by $57.1 billion per year, according to a new study from the RAND Corporation.
Those savings would come if CDHPs grew to account for half of all employer-sponsored health-insurance plans in the country, according to the study, which was published in the May edition of the journal Health Affairs. CDHPs made up 12.4 percent of employer-sponsored plans in 2010, the study’s baseline.
It’s not out of the question for half of the country’s employer-sponsored plans to be CDHPs one day, according to Amelia Haviland, an associate professor of statistics and public policy at Carnegie Mellon University and an adjunct senior statistician at the RAND Corporation who was the study’s lead author.
“A little bit more than half of [surveyed employers] are offering these CDHP types of plans,” she says. “We had a good distribution of enrollment rates across our employers. There were plenty that had 50 percent enrolling, 40 percent enrolling.”
The $57.1 billion cost-savings estimate would represent a 4.2 percent spending decrease for the entire non-elderly population, including those who are not insured through their employers. It would be a 7.1 percent decrease for the population in employer-sponsored health plans.
CDHPs are high-deductible health plans coupled with tax-exempt personal-health accounts like health-reimbursement arrangements (HRA) and health savings accounts (HSA).
The RAND study’s estimated $57.1 billion savings assumes half of high-deductible plans are paired with an HSA and half are paired with an HRA. But the projected savings would be slightly higher if more employers paired plans with HSAs, according to the study.
If 100 percent of high-deductible plans were combined with HSAs, health-care spending would drop by $73.6 billion, the study found. If all plans were paired with HRAs, savings would be $41.1 billion.
That’s because employees seem to have more incentive to cut spending with HSAs, according to Haviland.
“HRAs are owned by employers, but you typically forfeit money if you leave the employer,” she says. “There’s a different kind of incentive to save with an HSA. If employees change jobs, the balance moves with them.”
The CDHP savings would come from patients using less health care and spending less when they do seek care, the study found. About two-thirds of estimated savings would result from fewer episodes of care, and one-third would come from lower spending per occurrence.
The lower spending per incident is a result of patients using fewer brand-name drugs, visiting specialists less, and going to the hospital less often than patients in traditional health plans. It also comes from patients undergoing fewer preventive services — something that the study authors found concerning.
“We picked out different kinds of preventive care we don’t want to go down,” Haviland says. “All of them went down. They didn’t go down a lot — 3 to 5 percentage points — but they went in the wrong direction.”
For example, preventive care for cervical cancer for females over age 20 dropped 4.7 percent in CDHPs, the study found. Preventive care for colorectal cancer for adults over age 50 fell 2.8 percent.
That’s troubling because many types of preventive care can actually save money in the long run by helping patients avoid expensive problems in the future, Haviland says.
“It means we would have a short-term drop in costs, but it wouldn’t be sustainable,” she says. “We could see costs rise down the line.”
The dip in preventive-care use comes despite the fact that CDHPs sometimes pay for such services — even if patients have not reached their deductibles. Consumers need to be made more aware of which preventive services their plans cover free of out-of-pocket costs, the study suggested.
“These plans are placing all of the responsibility for making care choices on your employees, and they need help with making those decisions,” Haviland says. “If employers are going to offer these plans, they have increased responsibilities to help their employees understand these plans and to engage insurance companies about providing top-notch cost and quality information to their employees.”
The 2010 federal health-care reform law is likely to encourage future growth in CDHPs, the study said. They are relatively inexpensive, allowing employers to avoid penalties that will be levied against firms that do not offer low-cost health insurance. And they typically include comprehensive benefits the act requires.
The RAND Corporation study examined claims from 59 large employers across the United States from 2003 to 2007. Researchers cannot disclose companies that participated in the study, but they included automobile manufacturers, telecommunications providers, consulting firms, retailers, and businesses in the food industry, Haviland says.
The RAND Corporation is a Santa Monica, Calif.–based nonprofit organization that aims to improve policy by providing research and analysis. Its CDHP study was funded by the California HealthCare Foundation and the Robert Wood Johnson Foundation.
Hofmann, Heid’s begin distribution, promotion partnership
SYRACUSE — Hot on the heels of the announcement of its new ownership, Hofmann Sausage Co. revealed it has once again started distributing its products
Hebert brings ‘crazy, fun’ style to workplace training
LYSANDER — An energetic instructor can make any topic interesting, from customer service to sales, according to Joan Hebert. “If you ever stand up and say, ‘I know this is dull and I know this is not fun,’ you’ve just shot yourself in the foot,” says Hebert, the principal of Hebert Performance Training. “I’ve got
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LYSANDER — An energetic instructor can make any topic interesting, from customer service to sales, according to Joan Hebert.
“If you ever stand up and say, ‘I know this is dull and I know this is not fun,’ you’ve just shot yourself in the foot,” says Hebert, the principal of Hebert Performance Training. “I’ve got a crazy, fun style, and people seem to relate to it.”
Hebert’s company specializes in communications-related training for companies. That includes a range of topics, such as customer service, sales, leadership, team building, and presentation skills.
When it comes to employees and their supervisors, Hebert takes a divide-and-communicate approach.
“I always separate the employees from the leaders,” she says. “I like to be close to the folks and have them be honest with me and open. They’re not going to do that with their boss in the room — they clam up.”
While she may like to train workers separately from their supervisors, Hebert also makes sure she works with those bosses. For example, she focuses on three types of information when instructing supervisors in customer service, she says.
“One is a condensed version of what the employees received, so the supervisors know what to enforce,” she says. “The second is a mini-coaching skills training, and they practice with me one-on-one on giving feedback. And then the third piece of that leadership customer-service program is an organizational view, looking at all the facets of serving customers.”
Hebert is Hebert Performance Training’s sole employee. She founded the company in 1997 and runs it from her home in Lysander.
Major clients include Time Warner Cable, Bayer HealthCare Pharmaceuticals Inc., the Oneida Indian Nation, National Grid, the U.S. Department of Defense, Citizens Savings Bank, and New York State. Hebert trains employees on-site, meaning she travels around the country to locations including Albany, Chicago, and Denver.
New clients can come from referrals and the company’s website, www.heberttraining.com, Hebert says. She also speaks at human-resources conferences and training confabs to drum up interest and find new clients, she adds.
“You’ll speak somewhere, and you may not get the call for six months to two years,” she says. “There could be a very long lead time.”
Hebert tries to customize training for different companies to meet clients’ needs. That can mean putting on training sessions in the middle of the night for third-shift workers, Hebert says.
It could also mean addressing certain issues specific to the client, she adds.
“I tell clients to tell me their dirty laundry,” Hebert says. “I have clients provide me with actual scenarios and issues their leaders run into, so we can actually talk their world, their issues, their terminology.”
Hebert declined to share revenue totals for Hebert Performance Training. But she projects revenue growth of 20 percent in 2012.
Companies pulled back on training as the economy tightened in the last few years, according to Hebert. Now they’re starting to show interest again, although they often take extra time before finalizing a training contract, she says.
“I would say from the fourth quarter of 2011 to now, I’m seeing a lot more places starting to pursue training,” she says. “There is still a very long lead time. A lot of places, they look at it and they sit on it.”
Background
Hebert founded her company 15 years ago, after spending the first part of her career with AT&T. She began with the telecommunications company in 1981 as an operations technician, then moved into marketing and training in the mid-1980s, and officially focused on training starting in 1989.
“Where I fell in love with training was at AT&T,” she says. “I did management-development training, and it kept me on the road pretty much coast to coast. I’d go to 10, 12 cities. I developed a lot of the management training.”
While at AT&T, Hebert helped develop programs to teach collections and supervisory-management courses, which included technical skills and soft skills like coaching. At the end of 1993, she decided to take a leave from the company to earn a master’s degree from Syracuse University in organizational communication.
Two years later, Hebert resumed her career at AT&T, where she remained until departing and starting her business in 1997.
“The timing was good,” she says. “I was ready to do it. I very much enjoy training any topic. People always tell me, ‘Joan, your
energy, you are so psyched.’ I tell them, ‘If you’re not excited about your material, employees certainly aren’t.’ ”
Yes, the soft skills still matter in our high-tech world
Recruiting has become increasingly high-tech, between the Internet, social media, content-management systems, applicant-tracking systems, and now mobile recruiting. It’s easy to assume that candidates with technical savvy are the ones we want. But have we come to rely too much on technology and not enough on personality? If you want a successful hire, cultural fit
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Recruiting has become increasingly high-tech, between the Internet, social media, content-management systems, applicant-tracking systems, and now mobile recruiting. It’s easy to assume that candidates with technical savvy are the ones we want. But have we come to rely too much on technology and not enough on personality?
If you want a successful hire, cultural fit often trumps technical skills. And those soft skills can really help you decide whether you’re bringing the right person on board. “Excellent interpersonal skills” may be the biggest cliché in every job post, but they’re crucial to the makeup of a good employee. So how do you identify them?
1. Written communication. Did the candidate include a well-written, carefully checked cover letter when applying? If not, ask him to write one. Or provide a short writing test, or ask for a writing sample from a previous position. Any communication he has outside your department or with clients will reflect on you and your company, so even in the age of texting and email, it’s important for employees to know how to express themselves professionally — and persuasively.
2. Listening. Active listening is a skill most people don’t practice, but it’s key to success in the workplace. While studies suggest we only remember between 25 percent and 50 percent of what we hear — and possibly even less when in a stressful situation, such as a job interview — you’ll want to see whether a candidate is able to respond to each part of a detailed question. If you notice that the candidate fails to answer at least key points, it’s a red flag. It suggests that the potential employee may not follow instructions, attend to clients’ inquiries, or be able to get the job done.
3. Maintaining a good attitude. Everyone is on their best behavior during an interview, so it can be tough to tell whether this person is usually moody, burned out, or unmotivated. Make sure you ask a candidate’s personal and professional references about their usual personality. And, with permission from your legal department, check out their online persona. If this person is constantly complaining or negative on Facebook or Twitter, chances are he’ll be the same way in your office. We spend one-third of our lives with co-workers, so it’s understandable that a bad mood might show from time to time. But the key phrase there is “from time to time.”
4. Critical thinking. Critical thinking is defined as “disciplined thinking that is clear, rational, open-minded, and informed by evidence.” Most of us can’t assess this in an interview, so this is where pre-employment testing comes into play. Not skills tests — there are specific types of tests, such as the famous Wonderlic series, that are designed to test problem-solving abilities. Establish a baseline for yourself by having your current top employees take the tests, then assess candidates’ scores against theirs.
5. Teamwork and collaboration. Just about all candidates claim on their résumé that they’re a team player. There are two easy ways to find out whether this is true. When interviewing, present candidates with some behavioral-based questions that focus on their ability to work well with others. During the reference check, be sure to ask whether this person was ever the weak link or a divisive force in his department.
With all of the pressures in today’s staffing and recruiting industry, it has become more important than ever to find the right person the first time. And technology is great, but when all is said and done, it’s still the people skills that matter.
This article was excerpted from the April 2012 issue of the “Staff Matters” e-newsletter, provided by and reprinted with the permission of Liverpool–based Contemporary Personnel Staffing, Inc. (CPS) and Professionals, Inc.
Building NY’s “Innovation Economy” Begins With Career Skills Development
Willingness to learn. Working well independently and as part of a team. Creative thinking. Effective writing, math, and problem-solving skills. Possessing a positive attitude and standing out. According to career consultant, columnist, and author Andrea Kay, these are the necessary skills that companies, large and small, most desire in their employees. Highly skilled workers
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Willingness to learn. Working well independently and as part of a team. Creative thinking. Effective writing, math, and problem-solving skills. Possessing a positive attitude and standing out. According to career consultant, columnist, and author Andrea Kay, these are the necessary skills that companies, large and small, most desire in their employees.
Highly skilled workers always in demand
Having worked in the private sector as president of Refractron Technologies, and as a co-founder of the North American Filter Corporation, I know that whether they are enjoying an economic boom, or weathering an economic bust, employers have a constant need for highly skilled and highly motivated team members. Everything from excellent written and verbal communication to analytical problem-solving skills are important for anyone looking not only to keep their job, but also to grow and get ahead in this ultra-competitive economy.
Building the “innovation economy” will create more jobs
The attributes listed above are more than just career-survival skills; they are the fundamental building blocks of what I like to call New York’s “innovation economy.” By innovation economy, I am referring to a new approach, a new way of thinking about how we view and do business in New York State. An innovation economy will empower New Yorkers to start a business, grow a business, and develop the real-world skill set they need to succeed in their chosen career, whether working as a teacher, computer technician, auto mechanic, or carpenter. More importantly, an innovation economy will empower the more than 700,000 New Yorkers who are out of work to not only find a job, but also develop a rewarding career.
The innovation economy is:
– Pro-growth, pro-entrepreneur, and rewards risk-takers;
– Focused on growing small businesses and entrepreneurial start-ups;
– Emphasizes lifetime learning;
– Values vocational training, places a premium on continued skills development; and,
– Seeks to transform government from a command-and-control bureaucratic obstacle into a productive partner that actually helps job creators achieve their goals.
Much like its name implies, innovation — the introduction of something new; be it a new method or a new way of thinking — is at the heart of the innovation economy. Building this innovation economy starts with education and involves new approaches to thinking about what we learn, and most importantly how we learn and how we apply that learning.
Core competencies to preserve America’s innovation edge
In a recent Forbes article (“Creating Innovators: Why America’s Education System Is Obsolete,” by Erica Swallow), Harvard Innovation Education Fellow Tony Wagner offered his perspective on maintaining America’s innovation edge based on two years of research and extensive interviews with recent college graduates, professors, as well as private and public-sector leaders. Wagner recommended transitioning from the current approach of filling children with knowledge through rote memorization of things like state capitals, and moving toward a new approach focused on motivating students and developing their innovation skills.
To accomplish this, Wagner advocates a new education model that, recognizing the availability of and ease of access to information (via the Internet and ubiquitous smart phones), instead focuses on increasing the “skill and will” of students to think creatively and solve problems efficiently. Wagner outlined a set of core educational competencies that every student should have mastered prior to high-school graduation in order to continue our culture of innovation including critical thinking and problem solving; initiative and entrepreneurialism; accessing and analyzing information, and developing curiosity and imagination.
My smart solutions to build the innovation economy
New York’s schools and teachers are some of the best in the nation. Yet, as good as they are, I want them to be even better, so after establishing a strong base of the three “Rs” they develop the core innovation competencies Wagner outlined. My smart solutions include restructuring the State Board of Regents so it is accountable to the governor, and not New York’s educational bureaucracy. The state also needs to ensure that state-education aid increases go to high-needs districts and that all funding goes directly to the classroom and not administration. Promoting vocational skills — they should be renamed career skills — development so New York has the next generation of high-skilled electricians, carpenters, machinists, engineers, computer programmers, and automotive technicians is equally important. Students should know these careers are just as important — and, in some cases, more lucrative — than a traditional two or four-year college path.
Fostering innovation, teaching children the basics, instructing them in applying their education, promoting lifetime learning and skills development — these educational cornerstones are the foundations for building New York’s innovation economy.
Brian M. Kolb (R,I,C–Canandaigua) is the New York Assembly Minority Leader and represents the 129th Assembly District, which encompasses parts of Ontario, Cayuga, Onondaga, and Cortland counties, and all of Seneca County. Contact him at (315) 781-2030 or kolbb@assembly.state.ny.us
roi Office Interiors to open Albany location
ROME — After successfully launching in the Syracuse market in 2009, roi Office Interiors is ready to expand eastward by opening a location in the Capital District. The office-furniture supplier will open its new office and showroom at 50 State St., in the heart of downtown Albany, in June, company owner Robert Angelicola says. “Things
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ROME — After successfully launching in the Syracuse market in 2009, roi Office Interiors is ready to expand eastward by opening a location in the Capital District.
The office-furniture supplier will open its new office and showroom at 50 State St., in the heart of downtown Albany, in June, company owner Robert Angelicola says.
“Things have been good for us in Syracuse and in Rome as well,” he says. After making it through a few stagnant years during the recession, the company is growing again and ready to fuel that growth even more with the new location.
“Now, we’re poised to take off as the economy recovers,” Angelicola says.
He selected the Albany market for several reasons. First, an Albany location will allow roi to serve customers from Saratoga to Poughkeepsie with ease, he says. Second, the market is a vibrant one with lots of growth.
Finally, the market is underserved, Angelicola says. “That economy has really been dominated by the state for years,” he says. While other markets such as Rome and Syracuse are dominated more by business customers, the Albany market has centered on doing business with the state. That was fine, he says, until the state started cutting spending.
Now, the market is dominated by about two or three dealers who have focused for years on doing business with the state, leaving plenty of room in the market for a corporate-client-focused firm like his, Angelicola says. Other office dealers in the Albany area include Nathan Office Interiors, Kimberly Scott, Inc., and Northeast Furniture Systems.
roi Office Interiors is poised to do well in the market, Angelicola says, because it has experience with corporate customers, and also has experience doing business with the state on a number of higher-education and health-care projects. The company, which counts the Air Force Research Laboratory in Rome among its customers, is also experienced doing business with the federal government.
But what really sets his firm apart, Angelicola says, is the way it works with customers.
roi doesn’t carry just a few lines of office furniture and then try to fit those products to every customer, he says. His company works with a customer to get a feel for the client and its needs.
“We’re building that furniture project specifically for that customer,” he says. “Every single project, we start from scratch.”
It’s the same care that California–based eBoost Consulting took when designing roi’s recently unveiled new website, www.roiofficeinteriors.com, Angelicola says.
“They approached our website the same way we approach clients,” he says. That means the company asked a lot of questions and spent months just getting a feel for roi before it ever presented its first website template for review, he says.
The new site, with an entire area devoted to the architecture and design fields, is designed to give people ideas and not just show a bunch of pictures of office chairs.
“We just think that it shows people what we’re really all about,” Angelicola says. Included on the home page is a rendering of what the Albany office will look like once it opens, he adds.
The new office and showroom will initially occupy 4,000 square feet on the second floor of the building, but the company has an option to expand into the third floor, and Angelicola expects to do so within six months.
The company already hired someone to run the Albany office and one of the designers in Rome will be relocating to the Albany location as well. On top of that, roi will hire two more designers when the office opens, adding to roi’s total current staff of 17 employees.
With the new Albany location, Angelicola expects sales at roi to double within two years. He declined to share revenue figures.
Once the Albany office is open and running smoothly, Angelicola says he’ll turn his attention to the Rochester market as the next possible home for an roi location.
Angelicola and his wife, Lynne, founded roi as Roberts Office Interiors, Inc. in 1995. Company headquarters are housed at a 5,000-square-foot facility at 144 Hangar Road in Rome. The Syracuse office is located at One Webster’s Landing.
Attorney general announces rebate checks in Syracuse stop
SYRACUSE — New York State Attorney General Eric Schneiderman visited Syracuse today to announce that restitution checks are on their way to nearly 2,700 New
Carrols to sell $140 million in notes to raise cash for Burger King purchase
SYRACUSE — Carrols Restaurant Group, Inc. (NASDAQ: TAST) shared borrowing plans today that will help the company fund its acquisition of nearly 300 Burger King
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