The Medical Banking Project drives lower healthcare costs by researching and facilitating cross-industry models that optimize banking resources for healthcare. Established in May 2001, MBProject consolidates pro-bono, educational and commercial activities initiated by our founder. We are defining the “medical banking” industry through internal research and continuous cross-industry outreach forums.
We are a self-funded and pragmatic think tank comprised of industry leaders, legal analysts, writers and studio production experts who mostly work pro-bono to support the following activities:
- Administer cross-industry forums (i.e., Medical Banking Leadership Forums (for members only), Medical Banking Institutes,Workgroups, The Great American Interoperability Tour, Joint Taskgroup for Value in Health and more)
- Provide subject matter expertise (i.e., HFMA; eLearning tools; LexisNexis’ Health Care Law Treatise ; NCVHS testimony) and pro-bono research for policy makers (i.e., CMS, OCR, OCC)
- Offer strategic advisory services that facilitate broad industry innovations
- Aggregate our research into a fun, educational and interactive membership portal that contains industry-leading white papers on medical banking topics
- Actively engage prominent industry leaders in nationally recognized policy and educational webcasts, like our new “Banking In Healthcare” National Town Meeting series
- Draft certification and accreditation proposals, like MBProject’s newGold Seal Standard
- Implement demonstration programs, like a bank-driven resource that coordinates community healthcare assets called CarevilleTV(rebranded from Charitable Communities Network), C.O.M.B.A.T.and others.
Medical banking is brimming with opportunity yet its emergence as a national strategy for containing healthcare costs is a recent industry dynamic that occurred after the Bush Administration let the HIPAA Privacy Rule stand in April 2001. Today, environmental changes have accelerated to cause a major shift in corporate thinking along medical banking lines.
As a facilitator, MBProject works directly with commerce to architect models that optimize medical banking convergence. This work is supported by our commitment to cross-industry dialogue with policy makers, leaders in commerce and academia, e-health/e-finance innovators, associations and foundations; where we gain an ongoing exchange of ideas that shape and focus our research. Over a period of years we have been able to define an emerging body of best practices that can fundamentally transform healthcare financing and operations.
Our Vision, Our Mission
OUR VISION is to reduce healthcare costs by converting the immense savings made possible through digital payments into charitable resources… With over 41 million un-insured Americans and rising, do we have a choice? Will EDI deliver on its promise to decrease healthcare costs and thus improve access? A lot of people are depending on it - literally. Our nation’s hospitals deliver some $24 billion annually and rising in uncompensated care and the number promises to escalate in concert with our growing un-insured/under-insured population.
MBProject believes that the American banking community is a latent and critical resource that will deliver on the EDI promise. No equivalent distribution resource has the potential to position EDI services among care-givers like our banking community.
Medical banking drives EDI-enabled workflow processes into the heart of our delivery system in a manner that permanently reduces operating costs…and empowers consumers to make far better healthcare choices! For example, “digitizing” claims resulted in streamlined operations mostly for insurance carriers. Digitizing remittances, however, not only sends a wave of processing efficiency back to the care-giver, but potentially opens up over $200 billion annually in non-productive medical A/R assets that are under-valued, or not valued at all by the banking community. In addition, new payment structures promise to simplify administration of charitable and faith-based funds and even revolutionize medical consumer credit practices.
The closer EDI-enabled functions move towards the care-giver and patient, the more likely savings will be funneled into charitable activities. Conversely, the further EDI-enabled processes move away from our medical delivery system, the more likely that the savings will be used for some other purpose. Defining best practices that integrate banking and healthcare systems, and improving the distribution of high value administrative technologies for care-givers - so they can in turn enhance and/or expand charitable efforts in communities across America - is a central concern at the Medical Banking Project.
About Medical Banking Institutes
The Medical Banking Institute is a program series that organizes cross-industry dialogue between stakeholders in the medical and banking complex. Founded by the Medical Banking Project, the Institute provides a public policy and case study forum for commerce, government, associations, academicians and others interested in medical banking.
The Institute series has been praised by government, industry experts and the national banks, news organizations and IT/IS firms attending. As we collectively begin to understand digital convergence in medical payment channels, there will be an ongoing need for authoritative dialogue. The Institute serves this function by organizing work groups, issuing white papers and other activities.
As of February 2006, a President’s Council was officially established to provide consultation and assistance to MBProject in organizing the National Medical Banking Institute series. The Council provides a vital arm to foster outreach into the emerging cross-industry constituency of the medical banking segment.
>> See upcoming 7th National Medical Banking Institute on March 11-13, 2009 in Nashville, TN…here!
WEDNESDAY, DECEMBER 24, 2008
Banking and Insurance
The clearing banks recruit nationally for their main graduate training schemes, for which entrants are expected to be fully mobile. If you choose to seek work in banks outside the national programmes, at local level, sometimes there are vacancies on regional schemes designed for A-level entrants and very occasionally, vacancies in specialist departments (eg tax work, economics departments) located in regional offices. Subsequent progression to management/graduate training schemes is possible. Currently most vacancies at local level are on short term contracts.
Summer work placements sometimes occur, to replace staff on holiday etc. Students/recent graduates can find temporary work that puts them in a good position to apply for graduate training schemes later on.
The various banks fill such regional vacancies in different ways. For example, Barclays only has short term contract vacancies, does not advertise these and only recruits via direct applications to the personnel manager in their regional office (PO Box 96, Mortlock House, Histon, Cambridge CB4 4ZX). Lloyds TSB advertises vacancies in the local press and also considers speculative enquiries (to Lloyds TSB Bank plc, Regional Personnel Office, Thames Valley & East, Triangle Business Park, Wendover, Stoke Mandeville, Aylesbury HP22 5BJ). NatWest fills all such vacancies via recruitment agencies (Alfred Marks and Manpower). TheHSBC recommends a direct approach to one of the branches, asking the area manager about possible current vacancies.
However, it will be worth checking out the current recruitment situation with the manager of your local branch before pursuing these application routes, since several changes are taking place in the banking sector - rationalisation, mergers, mutualisation, etc - and these may drastically affect recruitment situations and policies. Unless you make it clear that you are not enquiring about the graduate recruitment scheme, your enquiry may simply be referred to the head office.
New banks
The situation with the recently converted building societies, and other banks is similar, for example: Halifax plc - enquiries for vacancies with branches of
Halifax plc in the region (ie East Anglia, including Herts, Bucks, etc.) should be addressed to: The Recruitment Department, Halifax plc, Eastern Region Office, High Trees, Hillfield Road, Hemel Hempstead, Herts HP2 4AY. A CV plus covering letter should be sent in the first instance. The enquiry will be matched against any vacancies there might be in the region.
Abbey National - The regional office (which for East Anglia is also their national HQ: Graduate Recruitment Officer, Abbey House, 201 Grafton Gate East, Milton Keynes, Bucks MK9 1AN) does not accept speculative enquiries for vacancies at branch level within the East Anglia region. Any such vacancies are advertised in the local press.
Insurance
Norwich Union, is now part of CGNU plc, which was formed by the merger of CGU and Norwich Union in May 2000. CGNU is now the sixth largest insurer in the world. Its UK life, pensions and general insurance businesses still operate, under the Norwich Union brand, from offices in Norwich. It has an annual graduate recruitment programme. Also a number of graduates are recruited each year at clerical or similar grades, from which some may choose to progress into ‘graduate track’ careers. This ’side-door’ entry into a graduate track career may also be possible in other financial organisations, including for example other insurance companies, the banks and indeed many other mainstream graduate recruiters.
Several smaller insurance companies and insurance brokers also have offices in the Norwich area (see Yellow Pages)
Financial Services
Virgin Direct Financial Services Ltd has its headquarters and call centre in Norwich. The company provides a wide range of products including ISA’s, life insurance, pensions and unit trusts. The company regularly recruits full and part-time staff mainly for customer contact work.
Virgin One Account specialises in providing a mortgage based account and is a separate company based near Sprowston. They also recruit full and part-time staff for their call centre and administration departments.
Both companies welcome speculative applications. Enquiries to: Discovery House, Whiting Road, Norwich, NR4 6TJ.
Updated: March 17, 2008 LD
FRIDAY, DECEMBER 12, 2008
Insurance
Business insurance is one of those things that many companies view as a necessary pain - but think about all the potential disasters out there facing a business. You need to make sure your company is protected.
Many business owners also don’t realise that commercial insurance is a legal obligation - and many don’t realise that commercial insurance policies are based on common packages unlike home insurance for example. Our panel of insurance specialists will determine your needs and create a customised policy for you.
Looking for public liability insurance cover can be extremely time consuming and often very frustrating. We aim to make the process of obtaining public liability insurance as simple as possible. We deal with over 20 business insurance specialists who are able to offer comprehensive insurance cover at extremely competitive rates.
Professional indemnity insurance (PI) provides protection for businesses which offer advice or services to third parties (i.e. members of the public or businesses). A typical example of someone who requires professional indemnity insurance is a website designer; if they put incorrect information on a website about their client and subsequently damages their reputation then they could be liable to pay damages. Professional indemnity insurance would protect the designer so that for any damages awarded against him the policy will pay. Professional indemnity could also apply to accountants, graphic designers and information technology consultants.
Landlord Insurance
As a landlord there are certain risks which you need to protect yourself against in order to ensure that in the event that there is an accident you will have the adequate insurance in place to rectify the problem. We have teamed up with one of the UK’s leading landlord insurance specialists to provide landlords with cover for buildings, contents up to £25,000 and terrorism cover. We are also able to offer instant online quotations even if you have a portfolio of properties.
Get a Landlord Insurance Quotation Now!
Finding a public liability insurance specialist if you are a tradesman or construction worker can be difficult, even once you found an insurer who will provide you a quotation they may not be able to offer you affordable insurance cover without sacrificing cover. We are able to offer comprehensive business insurance cover for tradesman and construction workers at extremely competitive rates.
Running a shop can be a risky business do not increase that risk by not having the adequate insurance cover to protect your business. Our business insurance specialists do not offer standard off the shelf policies, they realise that each business is different. They build a tailored insurance policy around your business activities to ensure you are fully covered.
Liability insurance is an essential insurance cover for all businesses. It is designed to cover your business so that in the event that a third party claims that as a direct result of your corporations negligence (lack of care) they have suffered physical injuries or death. Public liability insurance can also cover you in the event that during your business activities you damage a third parties property and they subsequently sue your business you will have adequate cover to fully protect your business.
Employers liability insurance is a compulsory insurance cover that all employers must have by law. The cover is designed to protect your business so that in the event that your actions towards employees are seen to be negligent and they subsequently suffer bodily injury or death, you will have the adequate insurance cover to protect your business.
Shop Insurance
Decision Finance offers insurance quotes on over 300 types of shop, retail outlet, public house and restaurant. No matter what you sell, there is a possibility of an accident happening on your premises and having the appropriate insurance cover offers peace of mind if the worst happens.
Your business is vulnerable to claims from both employees and customers, so in addition to making your business premises as safe as possible, the following types of insurance cover offer protection from compensation claims and for damage to your own property.
Employers Liability Insurance Required by law if you have employees, this type of insurance protects you from claims from staff who have been injured or made ill at work through the fault of your business.
Public Liability Insurance The nature of your business means that customers will be visiting your premises to shop, and if they happen to have an accident and injure themselves whilst there, you might end up facing a claim if it was your fault.
A customer might, for example, trip on a carelessly discarded box or item that has fallen from an overstocked shelf. If they hurt their back, or put their hand through a glass display resulting in a serious injury, they are likely to try to claim compensation.
Public Liability Insurance covers such claims and usually any legal expenses involved.
Stock Protection If you hold stock on the premises insurers will generally allow you to choose how much stock to cover and it will be protected against fire, flood and theft etc.
Contents & fittings Insurance You can cover valuable contents and fittings separately from the building.
Cash Cover If you store cash on site, this can also be insured against theft. You can even add on theft by an employee.
Landlord Insurance
Instant landlord insurance quotes in just a few simple steps:
Buy to let insurance overview
Buy to let insurance is a combination of covers packaged together by insurers to provide landlords with the essential components to ensure that their investment is adequately protected.
All types of landlords require insurance for their properties. From the landlord who owns a single small flat, to the entrepreneur who controls a large portfolio of property, the chances are that a significant amount of capital is tied up in the property, and that a certain amount of income is expected. landlord insurance protects you against losing your capital investment, and can also help protect the income stream you receive through your tenants paying rent.
Buy to Let Insurance Cover
The following is a summary of the typical insurance covers which make up a landlords insurance policy.
Property Insurance: The building itself is insured against most risks such as flood and fire for the cost or repair or rebuilding. Even risks such as terrorism or subsidence can normally be purchased as optional extras for added security from most insurers.
It is important to remember that you when you declare the value of your property you are actually estimating the cost of rebuilding it should it be totally destroyed (this is what insurance companies call a total loss). Most insurance companies work out a rate to charge the landlord based on the location of the property and then apply it to the amount specified to rebuild the building (which is called the Buildings Sum Insured). It is therefore cheaper to insure a building that is worth less than an expensive building which is as expected.
It is equally important to make sure that you do not underestimate the cost of rebuilding your property. If you have paid a lower premium by underestimating the Buildings Sum Insured, then the insurer will normally only pay your claims up to the proportion of the building that you have insured. For example: If your house is worth £100,000 but you only declare a Buildings Sum Insured of £60,000; should you have a claim of £10,000 then the insurer will only pay you £6,000 as they will deem that you under-insured. It is important not to be caught out by this by being tempted by lower premiums for lower Buildings Sum Insured.
Contents: For a landlord insurance policy when an insurer talks about insuring contents they are not talking about the tenants contents. Insuring these is the responsibility of the tenants themselves and can be done through a normal home insurance policy. The contents that you can insure are items that you own in the property but which may become damaged such as carpets, sofas, tables, chairs and pictures if you are renting the property as furnished. Many insurers also insure communal contents which will cover contents such as those names above which are situated in communal areas in blocks of flats, or properties with multiple types of tenants.
Landlord Liability: As a landlord you are responsible for the safety of the property that your tenants are living in. This means that should a tenant harm themselves due to something dangerous in the property they can make a claim against you for damages. For example, a tenant may electrocute themselves on a faulty light switch and badly burn their hand as a result. The Landlord Liability cover will pay for any damages that are awarded to the tenant as well as all legal costs.
Frequently Asked Questions:
Why can’t I buy normal home insurance for a buy to let property? By renting a property out to a tenant, you are effectively operating as a business, even if the income is very small. For this reason you must purchase business insurance, of which Landlord Liability is a subset. As a landlord you have legal responsibilities towards your tenants in a way that you do not have for your own home. A landlord insurance policy covers you for this.
Can I insure my tenant’s contents on my landlord insurance policy? No. You can only insure your own contents on your landlord insurance policy; your tenants must take out their own insurance should they wish to protect their contents. The reason for this goes back to one of the principal rules of insurance, which is that the entity that is being insured must be owned or directly effect the person who is taking out the insurance contract. If this rule is not strictly adhered to, the insurance contract can develop a moral hazard and end up more like speculation/gambling.
A. M. Best
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. Policyholders and depositors refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles. Watch a video to learn about A.M. Best’s corporate mission and values.
A.M. Best Company is…
A worldwide insurance-rating and information agency with more than 100 years of history. The company was founded in 1899 by Alfred M. Best. Offices are located in the United States, the United Kingdom and Hong Kong.
The largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations. Its flagship publication and database, Best’s Insurance Reports, offers the largest coverage of insurers and reinsurers in the United States, Canada, the United Kingdom and worldwide of any interactive rating organization.
An issuer of fixed-instrument debt ratings that cover bonds, notes, securitization products and other financial instruments issued by insurers and reinsurers. Its debt and commercial paper ratings are used by capital-market issuers and professionals worldwide.
Responding to industry trends by expanding its analytical coverage to thebanking industry, focusing primarily on the U.S. market. This coverage includes news, analytical reports, and interactive rating services on U.S. banks and bank holding companies. A.M. Best Company is currently the sole agency providing comprehensive interactive rating services to U.S. community banks. The company has also begun to issue ratings forhospitals and health care systems.
A publisher of books, directories, CD-ROM products and Internet-based services pertaining to the insurance industry. Products focus on insurance company financial information, underwriting information, providers of legal representation and claims adjusting services to the insurance industry, and company-specific or industry-wide analytical information in the United States, Canada, Europe, Middle East and Asia insurance markets.
The longest-running, largest and most-recognized source for insurance news. Articles generated by A.M. Best’s news staff are published in Best’s Review magazine, BestWeek, through its real-time news channels and distributed via more than a dozen international information distributors.
The premier source for regulatory statement financial information. Best’s Statement File products and reports are the industry standard for reliable, accurate and comprehensive statement-source information about insurance organizations operating in the United States and Canada.
The winner of numerous awards for our news publications and marketing campaigns.
A.M. Best has job openings in Oldwick, London and Hong Kong.
The History of A.M. Best Company
A.M. Best Company, founded in 1899 by Alfred M. Best, has grown steadily over the last century and continues to expand into the new millennium. Since its inception, the company has earned a reputation as The Insurance Information Source®.
The company first operated out of a single room in New York’s financial district. In 1920, it moved to its own office building on nearby Fulton Street, where it remained for 45 years. By 1965, when larger offices were needed, the company moved to Morristown, NJ.
Rapid growth soon necessitated another move in 1974 — this time to the company’s present global headquarters in Oldwick, NJ. With a new wing constructed in 2000, the company doubled in size. To address the increasing globalization of the insurance industry, A.M. Best expanded into a worldwide operation and established A.M. Best Europe Ltd. in London in 1997 and A.M. Best Asia-Pacific in Hong Kong in 2000.
What started out as financial reporting in the early 1900s has grown to more than 50 publications and services that meet the diverse demands of the ever-changing insurance industry. Today, more than 400 analysts, statisticians and editorial personnel are dedicated to providing the insurance industry with the most complete, accurate and up-to-date financial and operating information.
A.M. Best’s publications and services are produced on a variety of timetables to meet the needs of those who require details on every aspect of the complex insurance field. Statistical background for the publications comes from A.M. Best’s database, the most comprehensive source of insurance company financial and operating figures available. Products are obtainable as printed publications, on CD-ROM and online.
In this ever-changing industry, one thing remains the same — A.M. Best’s commitment to providing timely, accurate and complete insurance information and services that meet the needs of this dynamic industry.
Find out when your A.M. Best product was first published in ourChronology of Events.
Traveling to A.M. Best Company A.M. Best Company:
Ambest Road, Oldwick, NJ 08858, (90 
A.M. Best Europe, Ltd.: 6th Floor, 12 Arthur Street, London EC4R 9AB, England, +44 (0) 207 626 6264
A.M. Best Asia-Pacific Ltd.: Unit 5707, 57/F Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, +852-2827-3400
A.M. Best Washington, D.C. Bureau: 13th Floor, 830 National Press Building, 529 14th Street N.W., Washington, D.C. 20045, (202) 347-3090
Employment Opportunities at A.M. Best Company
Credibility. Integrity. Stability. These are the attributes that have made A.M. Best Company the world’s leading provider of insurance industry data, news coverage and financial performance ratings. For more than one hundred years, A.M. Best has served the needs of the global business community with information, products and services that set the standard for insurance industry ratings and analysis.
A.M. Best’s world headquarters is conveniently located just off Interstate 78 in Hunterdon County, New Jersey. This scenic location is within easy commuting distance from the New York, Philadelphia and Allentown areas.
A.M. Best Company employs more than 450 professionals who produce and deliver the services for which the company is known throughout the world. They represent a wide range of specializations, including:
Accounting professionals
Computer programmers and technicians
Customer service and order entry personnel
Data entry operators and statisticians
Editors and journalists
Financial analysts
Information technology specialists
Marketing and sales professionals
Systems support personnel
Web designers
A.M. Best also maintains a full-service print shop and employs shipping and building maintenance personnel.
If you are interested in stimulating and challenging work, in a stable environment, without the inconvenience of commuting to a major urban center, A.M. Best has much to offer you. Please browse our list of available jobs for positions that match your skills and goals. You may apply for any available job through regular mail, fax or e-mail.
How To Apply
For a Position at A.M. Best Company
We appreciate your interest in our company. You may apply for any available position through regular mail, fax or e-mail.
Please contact:
Human Resources
A.M. Best Company
Ambest Road
Oldwick, N.J. 08858
Fax: 908-439-3027
E-Mail: hr@ambest.com
SUNDAY, NOVEMBER 30, 2008
AUD Health Insurance Plan for Student
Effective Fall 2008, Private Health Insurance covering care in the UAE is mandatory to all AUD students. In order to meet this requirement by enrolling in the AUD-sponsored health insurance plan, students are charged a non-refundable AED 1,000 fee on their Fall semester bill covering the period September 1 through August 31. Students with valid current health insurance covering all of UAE may waive this fee (please see below).
Policies and Procedures
Effective September 20th 2008, students must collect their Insurance Cards from the AUD Health Center.
From September 1st until September 20th 2008, medical visits and procedures will be reimbursed through claim forms students can download from AUD website.
Students permanently dismissed or graduating from AUD, before Spring semester, have the choice to apply for a refund after returning the card to the Health Center.
Students joining within the academic year will be charged on pro-rata basis. The amount will be determined by the Insurance Company.
Fee for Blood Test for visa is not covered by the insurance. Students sponsored by AUD have to follow the pre-existing policy.
Fees and Charges for AUD Students Health Insurance Plan
Student joining beginning of
Charges
Fall Semester (covering September 1st, 2008 – August 31st, 2009)
AED 1,000
Spring Semester (covering January 12th, 2009 – August 31st, 2009)
AED 650
Summer I Semester (covering May 10th, 2009 – August 31st, 2009)
AED 350
Summer II Semester (covering July 5th, 2009 – August 31st, 2009)
AED 175
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