Medcom Blog

Sticking to Your Financial Goals

Sticking to Your Financial Goals

Happy New Year, all! The holidays are over, and now it’s time to pay for all the Christmas presents you put off on all your credit cards. January is Financial Wellness Month, so of course, we’re ringing in the new year talking about financial goals. According to WalletHub, “saving more money” places in the top three for New Year’s resolutions. We could easily tell you what you should be doing to get your finances in check for this year, but unfortunately, there is no one-size-fits-all strategy. If we asked a group...

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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,...

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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<...

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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...

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