The ECO

Because who doesn’t love throwing money at skyrocketing healthcare costs? Join The ECO Summit and maybe learn how to keep a little more cash in your pocket. But hey, if you prefer watching expenses spiral out of control, feel free to skip this one! 👇Details Below👇 Dean Jargo | Joe Wilson | Bibb Beale | Fair Market Health | Frontier Direct Care

For over a decade, "PPO Networks" have been busy inflating healthcare costs—while C-suite executives at big corporations enjoy their upgraded private jets. At The ECO, we’re on a mission to dismantle this bloated system and deliver real, effective solutions. Imagine a world where healthcare costs are dramatically reduced! Curious about how Direct Primary Care or Direct Contracting can make that happen? Join our upcoming webinar, where we unveil the secrets to transforming your healthcare strategy and unlocking significant savings. Don’t miss out on this opportunity to change the game!

BREAKING: Because apparently, Marsh McLennan just didn’t think they were quite big enough, they’re now snagging McGriff Insurance for a casual $7.75 billion. Gotta love the ever-shrinking pool of choices in the insurance world.

Oh, so you’ve got a massive property claim right after renewing your policy? What a delightful surprise! Here’s the magic formula to manage it: 1) Understand Your Policy – Because, naturally, who doesn’t enjoy scrambling to figure out what’s actually covered after the disaster strikes? 2) Leverage Broker Expertise – Your broker is here to save the day, smoothing things over like a superhero with paperwork. 3) Proactively Manage the Claim – File it quickly, keep records, and assign someone to babysit the process, because that’s exactly how you wanted to spend your time. 4) Evaluate Business Interruption Coverage – Don’t forget to track all those lost dollars and extra expenses, it’s super fun! 5) Reassess Risk – Use this joyous occasion to rethink your entire risk strategy. Clearly, your last plan worked out great! 6) Plan for Financial Strain – Who doesn’t love an unexpected cash crunch? Better line up those bridge loans! 7) Communicate – Make sure everyone knows how well things are going. They’ll love hearing about it. In short, claims management is a blast, and if you handle it right, you’ll emerge stronger. Or at least a little more cynical.

The American Board of Internal Medicine (ABIM) conducted a survey revealing that trust plays a huge role in healthcare—surprise! Nurses top the trust rankings with 85%, followed by doctors at 84%. However, trust plummets for the government (56%), pharmaceutical companies (34%), and health insurers (33%). When asked, only 53% of doctors trust their own hospital executives, while they overwhelmingly trust their colleagues (94%). Trust in pharmaceutical companies is at 47%, and only 19% of doctors trust insurance companies. The takeaway? Insurance companies likely won't be driving behavioral change anytime soon. The solution? Trustworthy figures like nurses and doctors, with innovative models like Direct Primary Care and Direct Contracting from organizations like The ECO trying to make real change, unlike traditional insurers.

Only 16 days left to register for The ECO Summit! But hey, no rush—who wouldn’t want to miss out on game-changing insights and top-notch speakers? No big deal, right? Totally not the event of the year or anything. For over a decade, "PPO Networks" have been hard at work inflating healthcare costs, all while helping C-suite execs upgrade their private jets. At The ECO, we take this bloated system apart and repackage it with actual solutions that work. Imagine that! Want to know how Direct Primary Care or Direct Contracting can dramatically reduce costs? This webinar spills all the secrets. Webinar Details: 📅 Date: Wednesday, October 9th, 2024 🕐 Time: 1:00 PM - 2:00 PM 💻 Location: Zoom (Link will be shared upon registration) Who Should Attend: C-Suite Leaders—CEOs, CFOs, CHROs, CPOs, and HR/Benefits Leaders. Why Attend? Employee health benefits: One of your top 3 business expenses—sound familiar? Costs rising faster than inflation: Yep, you’re not alone. Recruiting and retaining top talent: Pretty sure that’s a priority, right? Don’t miss out—register here: Click the link for more info and to register.

Because obviously, the bigger the company, the better the service, right? Who cares if your account gets passed around like a game of telephone when you can say you’re working with the "best"? But if you'd rather not be lost in the shuffle, an independent broker might actually pay attention to your needs. They’ve got the expertise, the agility, and the time to focus on you—what a concept! Turns out, real solutions beat flashy brands every time. Shocking, we know.

Managing employee benefits is like riding a rollercoaster with no brakes—cost spikes, claim plunges, and employees scrambling at year-end like it's healthcare roulette. Enter the Rush, Hush, Crush cycle: The Rush: Employees suddenly act like healthcare experts, booking last-minute procedures like they're going out of style. The Hush: The new plan year kicks in, and claims drop—it's quiet... too quiet. The Crush: Claims creep back, and it’s the calm before the storm (or another cost spike!). And just when you think you've got it figured out, catastrophic claims or renegotiated terms show up to keep things “interesting.” Pro tip? Dive into data, implement targeted strategies, and communicate with employees before the rollercoaster hits full speed. Because who doesn't love managing benefits on a wild ride? #EmployeeBenefits #HealthcareCosts #RushHushCrush #RiskManagement #TheECO

Why Centers of Excellence (COEs) Are Game-Changers for Employers Are your healthcare costs rising without delivering better outcomes? Centers of Excellence (COEs) could be the solution. These specialized hospitals excel in areas like cardiac care and joint replacements, offering top-tier care at lower costs. COEs focus on accurate diagnoses and effective treatments, reducing costly misdiagnoses and unnecessary procedures. Employers leveraging COEs can save significantly—while ensuring employees receive the best care. Smaller employers can access COEs through referral networks, bypassing the need for direct contracting. The result? Better patient outcomes and reduced healthcare spending.

Well, look who's back! After years of losses, the U.S. Property & Casualty insurance industry finally turned a profit in 2024. Rates are actually dropping (yes, you read that right) with some insureds seeing reductions up to 25%. But don’t get too excited—carriers are now playing hard to get, only chasing "sustainable, long-term growth." And, of course, the looming hurricane season could ruin the party. So, buckle up—because nothing says "resilience" like an industry that just started breaking even.