“Hope for the Best, but Plan for the Worst”: Health System Advice on Natural Disasters
After natural disasters like wildfires in California and hurricanes in Puerto Rico, leaders from an integrated healthcare system and a health plan spoke at the AHIP Institute & Expo to share their first-hand lessons on how businesses can continue their operations when disaster strikes.
Richard Shinto, MD, MBA, president and CEO of InnovaCare Health and MMM Holdings, which offers health plans in Puerto Rico, explained that emergency preparedness is an important consideration for insurers, not just care…
Remarkable Resilience—How One Elite Advisor Maintains His Motivation
The news of General Electric’s Dow demise is a lesson for 401k advisors—change is inevitable; how one reacts to it (in business and life) will be the determinant of success.
It’s something Daniel Boardman realized early on.
“What has worked well for us is to stay ahead of our competition by being a student of the industry,” Boardman, principal of Hickok & Boardman Retirement Solutions explains. “When daily valuation came out, we were ahead of our peers. When offering 3(21) fiduciary services was happening at the large plan level, we brought it down-market to the $5 million to $20 million plans. We are now pulling the trigger on 3(38) and 3(16) services and bringing these services to smaller end of the market.”
Not surprisingly, it was failure, and what he learned, that acted as a motivating factor to achieve elite advisor status…
Microgrids to build power resilience in New Orleans
New Orleans’ present electrical power grid is not sufficiently robust to stop interruption of supply during extreme events, especially if they cause flooding.
Hurricane Katrina in 2005 cut off many citizens from essential services – such as clean water, food, medical treatment, and dry shelter – because of power failure.
The Grid Modernization project report proposes an approach to keeping these services supplied with power during extreme events….