In today’s dynamic business environment, Human resources (HR) compliancе is critical to organizational success. Navigating thе complеx wеb of еmploymеnt laws and rеgulations can bе a daunting task for HR professionals. Failurе to comply with thеsе rеgulations can rеsult in lеgal consеquеncеs, financial pеnaltiеs, and damagе to an organization’s rеputation. In this blog, wе will […]
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The Consolidated Appropriations Act (CAA) of 2021 expanded the Employee Retirement Income Security Act of 1974 (ERISA), which assigns fiduciary responsibility to self-insured employers for the healthcare services they purchase. Navigating the Maze: Employer Responsibilities in PBM Contracts Although the assignment of fiduciary responsibility is not new, the CAA recently expanded the scope of employer […]
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Ensuring a strong company culture is essential for any organization, and Human Resources (HR) compliance plays a vital role in fostering and maintaining that culture. From aligning with legal requirements to implementing policies that reflect the organization’s values, HR compliance sets the foundation for a robust and thriving company culture. In this blog, we will […]
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A Pharmacy Benefit Manager (PBM) is a third-party administrator that manages prescription drug benefits on behalf of health insurance plans, employers, government programs, and other payers. PBMs play a crucial role in the healthcare system by negotiating drug prices, processing prescription claims, and implementing strategies to improve medication access, affordability, and patient outcomes. Here’s an […]
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