006: Marty Rhodes, President and CEO of Stephens Insurance — Part 3
Release Date: 03/09/2017
Dr. Joseph Sanford and Dr. Kevin Sexton, Leaders of the Medical Claims Analytics Teams at Stephens Insurance
Stephens
Frank Thomas interviews Dr. Joseph Sanford and Dr. Kevin Sexton on employer wellness programs. They explore the data sets that are available between self-funded and fully-insured plans, the changes in healthcare visits since the start of the pandemic, the kinds of nudges that work to help employees to choose healthy behaviors and participate in wellness visits and screenings.
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Brian Chance, Senior Vice President, Cost Based Efficiency Claims & Risk Manager at Stephens Insurance
Stephens
Frank Thomas interviews Brian Chance on the complexities of the workers' compensation system, a state-regulated system that varies by state. They discuss how employers can obtain and manage state-compliant coverage, whether by buying a policy from an insurance company or third-party administrator, self-insuring, or buying a large deductible and acting as a self-insurer.
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020: David Keisner, Vice President, Associate Pharmacy Benefits Analyst at Stephens Insurance
Stephens
Frank Thomas interviews Dr. David Keisner on the meaning of the recent Supreme Court ruling for PBMs, how increased prescription costs may be passed along to employers and insured patents, how other states may act as a result of this ruling, and the potential ramifications of this ruling on other states’ regulation of healthcare providers, regardless of the federal Employee Retirement Income Security Act (ERISA).
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019: Dr. Geri Bemberg, Vice President & Pharmacy Benefits Analyst at Stephens Insurance
Stephens
Frank Thomas interviews Dr. Geri Bemberg. Geri specializes in prescription drug formulary and pharmacy benefit management solutions. Geri explains what a pharmacy benefit manager does. She covers the types of contracts PBMs make with plans, pharmacy groups and drug makers, and the differences between traditional and pass-through plans. Geri explains the benefits of having Stephens Insurance get involved between the plan and the PBM, and also offer formulary management and pharmacy benefit auditing.
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018: Prentice McIntosh, Vice President of Risk Management at Stephens Insurance — Part 3
Stephens
Frank Thomas interviews Prentice McIntosh, continuing and concluding the conversation on hurricane preparedness in this episode of Stephens Viewpoints. Prentice and Frank discuss steps businesses should take after a hurricane. They focus on getting back to the property and meeting the claims adjuster as quickly as possible, putting in place temporary fixes to mitigate future losses, and revisiting the disaster recovery plan to make sure all aspects of the business are protected.
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017: Prentice McIntosh, Vice President of Risk Management at Stephens Insurance — Part 2
Stephens
Frank Thomas interviews Prentice McIntosh, continuing the conversation on hurricane preparedness, in this episode of Stephens Viewpoints. Prentice and Frank discuss steps businesses may take to cover the business disruptions that come with a hurricane. These can include a storm safety plan, disaster recovery plans, business interruption coverage and contingent business interruption coverage
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016: Hurricane Preparedness — With Prentice McIntosh, Vice President of Risk Management at Stephens Insurance
Stephens
Prentice McIntosh is interviewed by Frank Thomas in this episode of Stephens Viewpoints. Prentice and Frank discuss the steps businesses should take to plan for hurricanes and other disasters, how to recover from disasters, how to drill the disaster plan, and how to obtain appropriate property insurance.
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015: Workplace Health — With Todd Whitthorne, President of ACAP Health Consulting and Tom Kane, Executive Vice President and Director of Life & Health at Stephens Insurance
Stephens
Todd Whitthorne, President of ACAP Health Consulting, and Tom Kane, Executive Vice President and Director of Life & Health for Stephens Insurance, are interviewed by Frank Thomas in this episode of Stephens Viewpoints. Todd, Tom, and
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014: Kara Trott, Founder and CEO of Quantum Health and Walker Bowden, Director of Self-Funded Marketing for Stephens Insurance
Stephens
Kara Trott, Founder and CEO of Quantum Health and Walker Bowden, Director of Self-Funded Marketing for Stephens Insurance, are interviewed by Frank Thomas in this episode of Stephens Viewpoints. Kara, Walker and Frank discuss innovations in engagement that allow members to navigate much better the healthcare maze.
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013: Olin Wage, Senior Vice President and Long-Term Care Advisor for Stephens Insurance
Stephens
Olin Wage, Senior Vice President and Long-Term Care Advisor for Stephens Insurance, is interviewed by Frank Thomas in this episode of Stephens Viewpoints. Frank and Olin discuss why long-term care insurance should be considered as part of a prudent retirement plan, the options available, and options for providing for long-term care needs and expenses.
info_outlineMarty Rhodes, President and CEO of Stephens Insurance, concludes the conversation with Frank Thomas in this episode of Stephens Viewpoints. Frank and Marty discuss complying with The Affordable Care Act, covering cyber liability, the future of Stephens Insurance, and how the Stephens culture helps retain talented team members. Listen in to learn more.
Key Takeaways:
[:32] The 2700-page Affordable Care Act introduced many issues into employee benefits insurance. Stephens had a team study it, and start doing seminars in Arkansas, to help businesses prepare. Challenges continue today, with rising rates.
[2:35] Data analytics plays an important part in assessing a client’s insurance coverage needs. The Stephens benefits platform has a data analytics expert, an actuary, two pharmacists, an M.D., and an attorney; all expert in employee benefits.
[4:00] Why does Stephens — a mid-sized insurance broker — have a doctor and pharmacists on staff? Marty explains.
[4:48] Marty talks about how Stephens benefits platform specialists serve their clients.
[6:34] Cyber liability is another current insurance coverage issue. A lot of companies are considering it, but it needs to be more widely adopted. Stephens offers this coverage.
[8:23] Marty discusses Stephens Insurance’s efforts in cyber security coverage.
[9:13] Stephens Insurance has an exciting future, building on the progress of the last several years. They continue to focus on bringing in new, talented, team members that will fit in the Stephens culture. Stephens will continue to focus on client relationships.
[10:23] Stephens platforms combine new talented members and members with years of experience to mentor them. The emphasis is quality in the team, in the products, and the service. Stephens relationships are built on quality of service and products.
[12:09] Having the right culture in place is the key to retention. The Stephens culture includes team, family, service, relationships, and quality. It’s a tremendous place to be.
[13:23] That concludes this podcast series. For more information, please contact Stephens Insurance at (501) 377-2000.
Mentioned in This Episode:
The Affordable Care Act of 2010
The Wall Street Journal, Soaring Premiums under the ACA
Insurance products offered through Stephens Insurance, LLC., National Producer Number 8844362. Securities offered through Stephens, Inc., Member NYSE, SIPC.
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