Challenges in Managing Worker’s Comp EDI

Worker’s compensation reporting requires massive coordination between health plans, state jurisdictions, health care providers and other stakeholders. Regulations, health and data privacy laws, and lack of consistent standards across jurisdictions can make reporting a hassle; that increases costs to the system while making it difficult for people to get the help they need. Worker’s comp electronic data interchange (EDI) provides a standard to keep all the information in the same format and flowing smoothly. “It’s an invaluable resource to have the ability to compare data nationwide and be able to understand how we can be more efficient and effective with the worker’s comp system,” says Gregg Lutz, director of standards development and outreach for the International Association of Industrial Accident Boards and Commissions, which looks for ways to increase standardization of worker’s comp EDI across jurisdictions while maintaining data privacy under the law. Here’s Lutz’s take on the challenges in …

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The Progress Principle

The Progress Principle

When Teresa Amabile, professor of Business Administration and a Director of Research at Harvard Business School, and developmental psychologist Steven Kramer conducted research to learn what makes people not only come to work but also drives them to stay and perform at their best, they found the answer surprising. Employees weren’t engaged and happy with their jobs because of high salaries or on-site perks like state-of-the-art athletic facilities or even free food. Instead, they found that motivated and downright joyful workers had satisfying inner work lives. What does this mean specifically? In their book The Progress Principle: Using Small Wins to Ignite Joy, Engagement, and Creativity at Work (Harvard Business Review Press), Amabile and Kramer explain that great inner work life is about the work, not the accouterments. “It starts with giving people something meaningful to accomplish… It requires giving clear goals, autonomy, help and resources – what people need to …

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The Evolving Workplace: More Employers Allowing Personal Tasks on Company Time

The Evolving Workplace: More Employers Allowing Personal Tasks on Company Time

There’s no doubt that the 21st-century workplace is rapidly evolving, thanks in large part to the innovations of mobile technology. With people virtually connected to their office from wherever they are, work often blends into after-hours life. But what happens when personal life seeps into the workplace? According to a study of 1,000 employees and employers from the U.S., Great Britain, Germany, France and Ireland by data protection firm Mozy, employees feel increasingly comfortable sending personal e-mails, running errands and leaving early for child-related activities or doctor appointments on company time. What’s more, the survey found that managers are quickly accepting the fact that workers are doing these personal tasks during the work day. The reason bosses aren’t upset? It turns out, according to the survey results, that many employees are putting in hours outside the office to finish their work. Bottom line: the majority of managers are saying goodbye to …

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What the DOL’s Fiduciary Rule Means for Financial Professionals Now

What the DOL’s Fiduciary Rule Means for Financial Professionals Now

The U.S. Labor Department’s so-called fiduciary rule has a long history, and it appears it’s not over. Proposed under the Obama administration, the rule would change the status of some financial professionals under the Employee Retirement Income Security Act (ERISA). It was originally supposed to be phased in in April but has been delayed until June, with a transition period for some exemptions extending through Jan. 1, 2018. In addition, the Trump administration may want to make more changes. For financial professionals, it’s vital to stay up-to-date on the changes. “Good faith is not enough,” says Ronald Surz, president of PPCA. Here’s what financial advisers, especially those who work on commission, need to know. It Establishes Broader Fiduciary Responsibility Under the rule, all financial professionals who work with retirement plans, ESOPs, IRAs and so on, or who provide advice about retirement plans, will have to act in a fiduciary capacity. …

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Taking Wellness High Tech: What Tools Can Help You Reach Your Organization’s Goals?

Taking Wellness High Tech

Companies often use wellness programs to inspire employees to manage and improve their own health. As the U.S. health care system turns to a more consumer-driven model, the importance of wellness programs is likely to grow. Employers can improve the results of their wellness programs by using high-tech solutions that help make getting healthy fun and easy. As you incorporate high-tech wellness programs into your company’s health benefits offerings, it’s important to remember that one size doesn’t fit all, says Laura Messenger of Healthentic. “What works for one employer group will not necessarily work for another,” she says. Location, workforce demographics, corporate culture and industry will all have an influence on what approach you take with your wellness efforts. Here is an overview of some tools that can help your organization reach its wellness goals. Specialized Apps There are a wide variety of mobile applications that can help with employee …

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