Biotech Executives Discover Important Lessons About Employee Health and Workforce Productivity.Intercare Hosts Discussion Showcasing Innovative Benefit Strategies That Maximize ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and Enhance Company Success SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Attendees at BayBio2008 learned about value-based benefits, one of today's fastest growing trends in the health care and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. industries. At the core of a value-based approach is the concept that benefits should be viewed as a corporate investment rather than as an expense. Organizations with this mindset mind·set or mind-set n. 1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations. 2. An inclination or a habit. are in a better position to offer programs that enhance employee health and productivity, which ultimately positively impact company success. BayBio2008: Doing Well by Doing Right - this year's annual one-day conference focused on Northern California's strength in the life sciences arena - was held on Thursday, April 17 at the South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. Conference Center in South San Francisco, Calif. The event drew nearly 500 attendees from major biotech companies based in the Bay Area and beyond. Various sessions showcased case studies and actual company experiences. Each provided insights and practical skills important to a broad range of professionals from these life sciences-focused organizations. The panel presentation on employee benefits - "The Importance of Shifting Your Focus from Cost to Investment" - featured various perspectives on the topic and included participants from health plan, employer/payer, insurance company/carrier, and pharmaceutical organizations. The panel moderator moderator - A person, or small group of people, who manages a moderated mailing list or Usenet newsgroup. Moderators are responsible for determining which email submissions are passed on to the list or newsgroup. was John Kahle, chief wellness officer for Intercare Insurance Solutions, a California-based employee benefits consultant. Intercare was the only benefits broker invited to present at this event. "Since the ever increasing cost of health care is a top-of-mind topic for executives in all industries, the session on employee benefits was relevant and valuable for our audience," said Matt Gardner, president for BayBio. "The presentation focused on how companies, including those in biotechnology, can use their employee benefits program to enhance the health and productivity of their workforce. The discussion showcased innovative benefit strategies that have been proven to improve the return on investment for benefits offered." In addition to the moderator, panel speakers included Christina J. Barrington, PharmD., director of pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. services for Health Alliance Medical Plans (a division of Carle Clinic); Ardis J. Belknap, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. manager for the City of Springfield; Christopher M. Hogan hogan Dwelling of the Navajo Indians of Arizona and New Mexico. The hogan is roughly circular and constructed usually of logs, which are stepped in gradually to create a domed roof. , regional manager for GreatWest Life; and Gregg Peterson, executive corporate account director for the managed markets division of GlaxoSmithKline. These panelists shared insights about everything from how health care benefits can create barriers to access that negatively impact employee health to how benefit design can positively influence employee behaviors. "Taking a new approach to employee benefits can help biotech and other organizations attract and retain the highest caliber workforce available," said Kahle. "And this goes a long way toward helping companies be more competitive. I was thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to moderate this panel discussion and assist California's leading biotech companies learn more about the important connection between employee benefits, health and productivity, and success." About Intercare Insurance Solutions Intercare Insurance Solutions was founded in 1994 by insurance professionals who realized that the role of the broker was dramatically changing due to massive industry consolidation. Since then, Intercare has evolved into an organization comprised of highly-skilled brokers backed by experienced insurance, financial, medical and service-focused experts and processes. The company's unique approach enables them to deliver insurance programs that support each client's financial and human resource objectives. Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , the company provides customized solutions to more than 800 clients. For more information, please visit www.intercaresolutions.com. About BayBio BayBio is an independent, non-profit 501(c)(6) trade association serving the life science industry in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . The staff and services of BayBio are paid primarily through memberships, sponsorships and event registration fees. BayBio provides services through its representatives in South San Francisco as well as through its coalition partners in Washington, DC. For more information, please visit www.baybio.org. |
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