When pressed on what steps employers can take to improve employees’ health, it’s easy to see why many corporate and business leaders feel resigned to the status quo. The ever-increasing expense associated with medical care – including both the cost of insurance coverage for employers and employees as well as out-of-pocket costs for individuals and families – forces difficult trade-offs for companies when it comes to health spending. On top of that, employers and benefits teams are inundated with vendors and consultants preaching about increasing employee engagement with far fewer details on better health outcomes.
Charting a new direction to improve outcomes and affordability can feel like an uphill battle. But for CEOs looking to make a real difference in employees’ health, there are five important steps that can be deployed now.
1. Expand availability of accountable care models to improve the care experience, quality and affordability at a local level.
For many large or “jumbo” national employers, the hassle, complication and cost associated with managing the litany of contracts and partners can make direct contracting with local providers and hospitals a non-starter. However, in cases where a local provider or partner can deliver significant benefit or improvement over the status quo, a more localized approach can be a benefit. For example, JPMorgan Chase’sJPM partnership with Kaiser Permanente in California to advance specific health equity programs and our forthcoming primary care program with Vera Whole Health and Central Ohio Primary Care represent two highly localized initiatives that can deliver more personalized and direct care within the communities where our employees work. A range of other companies, including Firefly, Eden, Transcarent and Centivo offer virtual accountable care models that hold promise as an alternative to standard insurance offerings. Taking inventory of strategic strengths among providers and partners on the ground can be valuable, even if an employer still maintains a national approach with other care models.
2. Invest in the data access needed to assess health outcomes.
Any meaningful health intervention or program can only succeed if employers have access to the data and insights to fully understand the health of their employee population. Yet, many employers lack the human and technological infrastructure to effectively analyze data for a comprehensive view of population health. There are several reasons behind this – long-standing and misguided gag clauses across benefit vendors leave employers unable to perform complex analysis of meaningful health data, in addition to the significant time and resources required to identify a robust data system. The absence of meaningful data access for employees causes a range of challenges to improving population health – without information on cost and quality, employees can’t make good decisions about care management. Lack of meaningful analysis means health inequities are hidden from view, and employers don’t have a basis on which to hold health plans and providers accountable.
Starting with a full-scale assessment of data warehouse systems is an important step for health benefit teams. Once the proper data systems and analysis are available, employers can more clearly understand the specific health needs and concerns facing their employees and determine the appropriate steps and programs to improve outcomes.
3. Align employees’ health benefits with population health outcomes.
Attractive and robust employee benefit packages serve as a critical part of a company’s recruitment and retention efforts. However, traditional corporate health benefits have predominantly centered on driving employee engagement and satisfaction, with the hope that empowering employees alone will lead to a positive impact on health outcomes. Unfortunately, that’s far from the case. Today, the rising prevalence of five chronic conditions – high blood pressure, diabetes, smoking, physical inactivity, and obesity – pose long-term health consequences for employees.
Employers must be intentional about implementing programs that prioritize health outcomes alongside engagement and satisfaction. While a significant investment for those companies that need to overhaul legacy systems, the investment upfront can pay dividends in the long-run by sharpening the focus of health plan efforts toward mitigating the likelihood of serious disease progression, improving employee productivity and lowering health costs overall.
Alignment around population health outcomes can also extend to those responsible for structuring benefit programs. Imagine if employee benefits teams were compensated in part on improving population health, increasing the rates of cancer screenings, or eliminating health disparities.
4. In a new era of hybrid work environments, prioritize care models that can meet employees wherever they are.
Before COVID-19, employers sought to create a workplace environment that supported work-life integration. As we move into a new era – and a new type of hybrid workforce – employers will have to pursue two paths simultaneously: promoting a safe and engaging office environment that empowers employees to return while also enabling colleagues to work in locations other than the office. In many cases, this might mean living in communities and areas outside of where physical offices are located.
The added flexibility must also extend to health benefits by allowing employees to conveniently access care at-home or wherever they may be. Virtual primary care and at-home care options can serve as a cornerstone for more “mobile” benefit offerings, providing easy and convenient care at the time and place that works best for employees. Eliminating the traditional constraints to timely access to primary care services and testing – namely location and availability – has the dual-benefit of solving for the medical “deserts” that can deter or delay care for employees.
5. Make care navigation a central part of the benefits package and experience.
Even for the most savvy health care consumer, navigating the health care system can be a daunting task, and equally complicated and fraught in the case of an urgent health issue or emergency. Incorporating a comprehensive care navigation solution – tools that simplify the process for finding in-network providers, hospitals or specialists – can ease the consumer experience in accessing necessary care. In doing so, employers effectively arm their employees with added support to make the best decisions in support of their health. Morgan Health’s latest investment in Embold Health is designed to help scale and expand the reach of these critical tools so that more consumers can benefit from the service. Companies like Included Health are also paving the way for a more inclusive health care experience, providing around-the-clock support on coverage questions or next steps on a patient’s path to better health.
Together, these five steps can set employers and companies on a trajectory to deliver better health and outcomes to employees. And, of course, there is also a key social benefit as innovation in health care is critically important for the long-term viability of employer-sponsored health insurance – especially as inflationary pressures are poised to hit the bottom lines of American business. The long-term impact of these changes will strengthen our workforce and economy so that more can reap the benefit.
4 Important Tips for Having a Vacation Abroad
Are you planning to go abroad but still don’t know what to prepare? People dream of going abroad, especially to countries like America and Europe. If this is your first time going abroad, you should check the following tips!
Prepare All Important Documents
The first thing you need to do is prepare important documents. For example, passports, ID cards, visas, and international driving licenses if you are going to drive abroad. Make sure you know whether the country you are going to visit is visa-free or not. For Southeast Asian countries, the Maldives and Turkey are visa-free, so you only have to have a passport. But a visa is still needed if you want to go to South Korea, Europe, or America. Make sure to scan your document and save it in the cloud like Google Drive or iCloud. Oh, yes, remember to check your vaccination status. Because every country needs your health information.
Itinerary is important for those who want to travel abroad. The reason is holidays abroad cost a lot of money, so when you can, take advantage of it with a well-planned schedule. Research in detail the tourist destinations you want to visit. For example, what is unique in it, ticket prices, transportation to get there, to the distance from the inn you’re staying. Remember to include places to eat that you want to try. Make sure the place to eat is according to your preferences, such as halal or free of certain food allergies.
Book Tickets in Advance
When you know how long you will be on vacation with the itinerary that has been prepared, it’s time to book plane tickets and lodging. Find cheap tickets by:
- Using promos and discounts on travel agent applications.
- Comparing which price is lower and what kind of facilities you will get.
- Choosing accommodation that fits your budget but is still comfortable.
Oh yes, also remember to check how the pandemic situation is in the country you are going to visit. Do you have to quarantine or not? Because it will affect your itinerary and accommodation. Due to the pandemic conditions that have not fully recovered, check whether there is still Indonesia quarantine after returning from vacation.
Exchange Money and Check Your ATM Cards
Exchange your currency into the destination country’s currency, for example, yen, euros, dollars, won, and others. But remember, don’t carry too much cash because it’s also prone to theft, besides being wasteful. For the rest, you can do cashless transactions. Check your bank’s ATM card to see if it has Visa, MasterCard, or Cirrus logos. This row of stamps indicates that your bank is working with banks abroad. Or you can also use a credit card to make your transaction easier.
Down 43%, Is This Tech Stock Worth Buying Right Now?
Skyworks Solutions (NASDAQ: SWKS) announced its fiscal 2022 fourth-quarter results (for the three months ended September 30) on November 3, and the supplier Apple’s stock price has risen 11% since then.
Skyworks beat expectations and showed solid growth at a time when smartphone sales were declining, but forecasts show the chipmaker is about to hit a bump. With that said, let’s take a closer look at the latest results from the chipmaker. Let’s take a closer look at whether the stock can sustain new momentum after losing 43% of its value in 2022.
Skyworks solutions deliver reliable results for non-mobile businesses
Skyworks’ fourth-quarter revenue increased 7% year-over-year to a record $1.4 billion. The company also reported non-GAAP (adjusted) earnings of $3.02 per share, up 15% year-over-year. Skyworks easily justified analyst estimates of $2.91 per share. For the year, the company’s revenue increased 7% to $5.5 billion and earnings rose similarly to $11.24 per share.
The strong growth of chipmakers in the fourth quarter was the result of successful diversification into new markets such as Internet of Things (IoT) and automotive, as well as relationships with major smartphone original equipment manufacturers (OEMs). Yes, it helped make up for it. Weakness in the smartphone market. space. However, it was the non-mobile business that put a lot of effort into Skyworks last quarter.
As CFO Chris Sennesael noted in the report, the company generated $500 million in revenue from broad market segments (counting chip sales for non-mobile applications like IoT), up 30% from the previous year. Last earnings conference call. Broad market companies contributed 36% of Skyworks’ revenue last quarter, up from 29% in the same period last year.
It’s also worth noting that Skyworks earned $2 billion in revenue from this segment for the entire fiscal year. That’s almost 43% more than the $1.4 billion in revenue last fiscal year. The good news is that the company’s business in a wide range of markets can maintain its momentum. This is because, as Skyworks showed in its earnings report, it is attracting new customers in high-growth niches like IoT.
“In IoT, we continue to win new customers and expand our content. We have partnered with Vodafone to launch the UK’s first WiFi 6E platform. We have launched a solution for Fi 6 hotspots.”
Skyworks also enables the deployment of O-RAN (Open Radio Access Network) and delivers record quarterly results in the high-growth automotive business niche. For example, the O-RAN market is expected to grow at an annual rate of 42% until 2030. Meanwhile, according to Mordor Intelligence, the demand for connected cars will grow by 19% per year until 2027.
These catalysts explain why Skyworks expects its broad commercial segment of the market “to be a major driver in FY23 and beyond.”
The mobile business was not in its best last quarter
Skyworks’ mobile business generated approximately $907 million in revenue last quarter (this is total revenue minus $500 million from the broader market business). By comparison, 71% of Skyworks’ $1.31 billion in revenue last year came from its mobile business, worth nearly $931 million.
Thus, the company’s mobile business, which generates most of its revenue, declined year-over-year in the most recent quarter. This is not surprising given that smartphone sales have been declining for the past five quarters. Skyworks considers Apple its biggest client, with the smartphone giant generating 58% of its revenue last year.
Last quarter, Apple shipped 48.5 million smartphones, 6.4% more than last year. However, the overall smartphone market was down 9% year-over-year. And now things could get even worse for Skyworks.
All of this explains why Skyworks management is targeting a sharp drop in sales and profits. The chipmaker expects revenue of $1.3 billion to $1.35 billion and adjusted earnings of $2.59 per share in the first quarter of fiscal 2023. These numbers show double-digit declines in both revenue and earnings compared to the last year.
Tech Shares May Weigh On Taiwan Stock Market
(RTTNews) – The Taiwanese stock market fell nearly 230 points (1.7%) on Tuesday after falling for two days. The Taiwan Stock Exchange is currently just above the 14,700 plateau, but selling pressure is likely to resume on Wednesday.
The global outlook for Asian markets is mixed, with little change ahead of major economic events that could affect the interest rate outlook. European and US markets were mixed and flat, followed by Asian equities.
The Tokyo Stock Exchange closed sharply higher on Tuesday after gains in financial, technology and cement stocks.
The index closed at 14,709.64, up 152.77 points (1.05%) after trading between 14,449.05 and 14,716.58.
Among assets, Cathay Financial was up 3.45%, Mega Financial was up 1.78%, CTBC Financial was up 2.93%, Fubon Financial was up 2.94%, First Financial was up 1.35%, E Sun Financial rose 1.66%, Taiwanese semiconductor company rose 1.35% and United Microelectronics rose 1.35%. Corporation and Catcher Technology rose 0.56%, Largan Precision shed 0.22%, MediaTek rose 1.42%, Delta Electronics rose 1.71%, Novatek Microelectronics rose 0.51%, China Steel rose 0.51%. 2.87%, Formosa Plastics shed 0.22%, Nan Ya Plastics rose 0.92%, Asia cement rose 1.48%, Taiwanese cement rose 1.67%, and Hon Hai Precision remained unchanged.
Wall Street’s lead indicates a slight negative bias as the leading average rose, then fell in the middle of the session, but then rose to end the mix almost unchanged.
The Dow rose 3.07 points (0.01%) to close at 33,852.53, while the NASDAQ fell 65.72 points (0.59%) to close at 10,983.78, and The S&P 500 fell 6.31 points (0.16%) to 3957.63.
Volatile trading on Wall Street comes amid continued uncertainty about the situation in China following widespread outcry over the country’s Covid restrictions.
Traders may also have been reluctant to make any significant moves ahead of comments from Federal Reserve Chairman Jerome Powell today that could provide further clues about the rate outlook. Unemployment data continues to be released on Friday.
In terms of economic news, the Conference Board released a report showing a moderate decline in US consumer confidence in November.
Crude oil futures ended higher on Tuesday, extending gains from the previous session on hopes that OPEC could cut production to support prices later this week. West Texas intermediate oil futures rose $0.96, or 1.2%, to $78.20 a barrel in January.
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