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Fostering a Culture of Appreciation in the Restaurant Industry

Modern Restaurant Management

Variety of Voluntary Benefits : Voluntary benefits can include personal insurance policies like pet, travel, car and homeowners’ insurance, with a discount for enrolling in coverage. In fact, 69 percent of employees rank pet insurance as the most significant voluntary benefit an organization can offer.

Insurance 412
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Why the Stop Loss Decision is Critical for Larger Self-Funded Employers

Modern Restaurant Management

There are stories nearly every day in the media about innovations in healthcare, breakthrough treatments, and in some cases cures for various illnesses. For example, think of all the new cancer treatments like Keytruda and Opdivo that have come to market in recent years that extend life. Stop Loss Coverage Is Risk Management.

Insurance 504
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The Value of Joining Your State Restaurant Association

Goliath Consulting

Cost Savings and Exclusive Benefits Many restaurant associations offer discount programs and group purchasing options, leading to significant savings on essential services such as food supplies, insurance, credit card processing, and energy costs. Goliath Consulting Group is a restaurant consultancy group based in Atlanta, Georgia.

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Restaurants Aren’t Raising Employee Medical Premiums, But Costs Are Going Up

Modern Restaurant Management

Last month, our article summarized the “state of the market” for employee benefits in the restaurant sector. In 2021, the maximum premium that an employer could charge for healthcare coverage was 9.83 Stop loss coverage : A self-insured plan will need protection from high-cost claims, i.e., stop loss insurance.

Insurance 457
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Can Concierge Medical Services Work in the Restaurant Sector?  

Modern Restaurant Management

For several years we have been considering the viability of high touch healthcare concierge programs in the restaurant space. The market leaders in this field are several third party providers, although some carriers are also developing and offering these services. This compares to the average insurance provider score of 57.

Insurance 447
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What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Modern Restaurant Management

As a result, within the next several years, Rx costs will represent a larger portion of the overall healthcare spend than hospital costs. It’s also is not viable to carve Rx coverage out of a fully insured contract due to the lack of stop loss availability. Understand Your Costs.

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What Now? COVID-19 Survival Guide for Restaurants

Modern Restaurant Management

and Canada through free delivery and marketing efforts.” ” To support first responders, Uber Eats has pledged 300,000+ free meals to be delivered to healthcare workers and other relief efforts in coordination with local and state governments. “These are challenging times for restaurants. .