Medcom Blog

New Year. New Resolutions.

New Year. New Resolutions.

It's that time of year again! It's time to reflect on this past year and set goals for the next one. New Year's resolutions, most practiced in the western world, are where a person resolves to continue a good habit or achieve a new desired goal or practice. According to Statista, the most common New Years Resolution of 2021 was "Doing more exercise or improving my fitness" for 50% of those surveyed.

While we think about this year ahead of us, we can all agree that resolutions look a little different during a global pandemic. So,...

Read More
2021 Adjustments to HIPAA Penalties and More

2021 Adjustments to HIPAA Penalties and More

At the end of November, the Department of Health and Human Services (HHS) announced inflation adjustments for HIPAA penalties and a few others. Group health plan sponsors and other entities who violate any rules of HIPAA will see a penalty increase of 1.182%.

HIPAA is broken down into four tiers of violations, categorized by level of culpability, with minimum and maximum penalty amounts for each and an annual cap for multiple breaches of an identical HIPAA provision. We've outlined these changes for you:

Minimum Penalties

2021

2020<...

Read More
Working Through Employee Retention

Working Through Employee Retention

Wow, 2021 has been another doozy of a year. Let’s all agree not to utter the words, “this year will be better!” this New Year. Somehow, we collectively jinxed ourselves, which had a lot of people reevaluating their lives, whether they wanted to or not. ‘Am I on the right career path?’ ‘Do I have enough work-life balance?’ ‘Could it be better?’ 

According to Harvard Business Review, some industrial companies have experienced over 100% turnover since the start of the pandemic.

We’ve been in...

Read More
It’s Open Enrollment Once Again

It’s Open Enrollment Once Again

It's crazy to think that we are already approaching the end of 2021! The start of a new year means Open Enrollment time for many companies. This is the time to not only enroll in health insurance benefits but also to make changes and set elections for FSAs and HSAs.

Make sure your employees are educated on their open enrollment options. 76% of consumers say they are focused on getting the best value for their healthcare dollars, but they need more support. Build a communication plan to make sure the information is clear and concise, use real-world...

Read More