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Audit Forecast: Recent Publications and Activities Hint at Audit Increases Across Multiple Payers
March 24, 2023
Categories: Business
By Wayne van Halem, President, The van Halem Group There are a number of signs that are pointing to an increase in audit activity across multiple payers as the public health emergency (PHE) winds down. These increases can be expected not just on Medicare claims, but also in the Medicaid and managed care spaces as well. Audit volumes have been on the increase for many product categories since early 2021, excluding those categories affected by the PHE waivers and flexibilities, which are still
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Arkansas Introduces a Bill to Exempt Breast Pump Supplies From Sales Taxes
March 21, 2023
Categories: Breast Pumps, Breastfeeding, Legislation, Legislative
Ask your Arkansas legislators to support HB 1364 (Clowney) and pass this legislation exempting breast pumps, breast pump collection and storage supplies, breast pump kits, and breast pads from state sales tax. In Arkansas, mothers who pump breast milk are required to pay sales tax when they buy their equipment. Breast pumps are basic necessities for breastfeeding mothers, and taxing pumps limits access to breastfeeding by making the product more expensive. And while insurance coverage
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Understanding the Driver of Your Workers' Compensation Premium Expense
March 10, 2023
Categories: Business
By Jim Nygren, President, VGM Insurance Services With workers’ compensation premiums being one of your largest insurance related expenses, it’s critical to understand how these premiums are calculated and what you can do to better manage this expense. In this article, we will discuss the Workers’ Compensation Experience Modification and how this factor impacts your premiums. What Is the Workers’ Compensation Experience Modification? The Workers’ Compensation
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Forecasting. It's Here to Stay: 5 Things Everyone Should Know
March 3, 2023
Categories: Business
By Brynn Prier, Data Analyst II, VGM & Associates, and Ryan Weber, Data Analyst, VGM & Associates Forecasting. It’s one of the biggest buzzwords in the data world today, and it’s only going to grow throughout the next year and beyond. Using data to better predict outcomes in the future is going to remain a hot topic in 2023 as it continues to increase in demand by companies everywhere. There are many aspects of a business that can use forecasting to help leaders make more informed