In this blog category, you will find blog posts related to the insurance industry.
Opioid abuse was declared a nationwide public health emergency in October 2017 after the number of deaths in the U.S. from opioid abuse rose to over 40,000 per year. In 2016 alone, 116 people died every day from opioid-related overdoses. Today, there are over 21 million Americans struggling with substance use Read more…
Although the number of Americans with health insurance is at a record high, hospitals are struggling with growing amounts of bad medical debt. Sage Growth Partners, a healthcare business consultant agency, conducted a survey of 100 hospital executives and found that 59% blamed insurance reform for high levels of bad medical Read more…
There are four main benefactors to overpayments in the healthcare industry: The Patient The Provider The Billing Company The Payer As the Office of the Inspector General (OIG) states, “Billing companies should institute procedures to provide for timely and accurate reporting to both the provider and the healthcare program of Read more…
Insurance brokers have always held an essential role at the heart of the insurance industry. Today, however, technology’s tightening grip on insurance is leaving many brokers wondering where they fit in. Artificial intelligence (AI) is being used by more and more insurance companies to streamline the claims process and provide Read more…
Navigating the complexities of insurance collections, Brown & Joseph has identified a trend — carriers are experiencing a lot of issues working with third-party collection agencies. Instead of acting as an extension of their business, these third-party agencies are causing more of a headache for insurance carriers, which is leaving Read more…
Itasca, IL – Brown & Joseph is pleased to announce that Scott Stratton has joined the organization as Executive Vice President of Sales. He has over 30 years of leadership experience working with and for healthcare insurance payers and hospital systems. Utilizing his in-depth knowledge of the industry, Stratton excels Read more…
Attending conferences and symposiums is a great way to meet other professionals in your industry and develop your professional skillset. Many insurance industry events offer training workshops, networking opportunities and keynote speakers to help professionals keep up with the ever-evolving industry. Don’t miss out on all these networking and educational insurance Read more…
As we look at the New Year, it’s important that we not only focus on those positive things we’re going to do with this new beginning but also remember which decisions led us to undesirable results in the first place. Ordering the same fast food and expecting a different waistline Read more…
There are 2.5 billion millennials in the world today and by 2025 they’ll make up 75% of the global workforce. Last month I wrote about a shortage of millennials in the insurance industry and what some companies are doing to combat it. As Gallup pointed out, “insurance executives who neglect to take steps to Read more…
As driverless cars like Waymo and Tesla and the concept of ride sharing gain more popularity, so do growing concerns about safety and car insurance. Most consumers say they’re not ready to get into an autonomous car due to safety concerns like technology failure. In fact, according to a new Read more…