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April Chapter Mtg: Alternative Funding & Innovative Pricing for Medical Programs
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SEPA SHRM holds monthly breakfast meetings featuring keynote speakers covering timely topics related to Human Resources.

4/24/2018
When: 8:00 - 10:30 AM
Where: American Heritage Federal Credit Union - Community Room
2068 Red Lion Road
Philadelphia, Pennsylvania  19115
United States
Presenter: Elizabeth Patterson (Managing Consultant, NFP)
Contact: Ilyse Shapiro
484-643-0393


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AGENDA
  • 8:00 Breakfast and Networking
  • 8:30 Business Meeting, Introductions and "Hot Topics"
  • 9:00 Featured Speaker
  • 10:15 Professional Networking

 

DETAILS

"Alternative Funding & Innovative Pricing for Medical Programs"

This 60-minute program presentation will shed light on when an alternate funding mechanism should be considered for a medical program. Ms. Patterson will review cash flow considerations, how total cost is developed, maximum liability, minimum liability, how the plan behaves when there is a deficit and what is different between fully insured pricing vs. alternative funding. While implanting changes can often be unsettling, with the right information and preparation, it doesn’t have to be. Understanding the various alternative funding mechanisms and implementing the right one for your group may be the best ways to avoid or mitigate substantial benefit cost increases.


NFP has a detailed understanding of all available financial funding arrangements. Using various case studies, Ms. Patterson will identify the scenarios in which it makes sense to move to an alternative funding arrangement. Ms. Patterson will also describe how one of the most commonly used funding mechanisms, a fully insured plan, is underwritten and funded and explain how this is like and/or different from alternatives. Finally, Ms. Patterson will highlight the pros and cons of various alternative funding strategies.

 

ABOUT THE SPEAKER

Elizabeth Patterson has more than 20 years of experience in the employee benefits industry. Ms. Patterson is a skilled project manager who assists in the resolution of budget concerns, administrative challenges and employee issues, ensuring results are consistent with each client’s strategic goals and culture. Ms. Patterson is also a key member of NFP’s management team with oversight of the firm’s compliance and communications departments as well as the firm’s consulting practice. She joined NFP in January, 1999. Ms. Patterson is an avid golfer and an active speaker for the Career Services department at Arcadia University, PEBA and SHRM. Ms. Patterson has spoken at the Long Term Care Industry Annual Roundtable regarding the topic of Health Care Reform.

 

RECERTIFICATION

  • HRCI: 1 General Credit
  • SHRM: 1 Professional Development Credit