Strategic planning can help you manage costs while increasing efficiency and productivity in a complex business environment. You should intentionally plan for market trends and regulations that will affect you now and in the future. You need to be knowledgeable about current developments to be nimble enough to adapt to future changes. Being prepared is your best strategy.
Achieving your long-term goals and strengthening your bottom line won’t happen by implementing ill-conceived solutions. It takes a high-level view, big-picture thinking and a consultative leadership approach to devise and implement a comprehensive strategic plan. Our strategic planning process identifies your short- and long-term goals, reveals strengths and opportunities, weighs the potential impact of industry trends and regulatory compliance and aligns with your culture.
The results provide a mutual understanding of your company’s vision and an actionable roadmap that tells you how to reach it. We will be there to ensure that all of your tactics, and the people responsible for carrying them out, are working to fulfill your goals.
Introducing our 2019 MarketPulse trend report, where we discuss what our clients and other employers are doing to manage risks, promote employee productivity and morale, reduce costs and improve their organizations as a whole. In this issue, we explore retirement plans featuring target date funds as well as specialty drugs, cyber risk, predictive modeling, workplace well-being, advanced data analytics, the cost of large and often ongoing medical claims, and various emerging trends. In addition to a discussion of each trend, you will find supporting materials at AssociatedBRC.com/MarketPulse.
Download the PDF: MarketPulse 2019
March 2, 2019 is the deadline for employers with calendar year plans to disclose to the Centers for Medicare & Medicaid Services (CMS) whether the coverage they offer to Medicare eligible individuals is “creditable prescription coverage.” While the disclosure is voluntary, failing to disclose or properly notify Medicare eligible individuals can lead to an employee relations headache.