The Phia Group, LLC

It’s the final day of the SIIA National Conference! Before you head home, be sure to swing by The Phia Group’s booth 409. Don’t miss your chance to grab a copy of the latest edition of Self-Insurer, featuring an article by our very own Kate MacDonald. We’d love to see you!

Last week, The Phia Group and its CEO, Adam V. Russo, had the honor of being prominently featured in Tony Case’s WorkLife article “From ‘Tinder leave’ to pet insurance, employers get creative with benefits.” Check out the link below to see how Phia has gotten creative to offer its valued employees first-class benefits. While we may not cover Tinder subscriptions, we think free health care and free access to DPC will do the trick.

From ‘Tinder leave’ to pet insurance, employers get creative with benefits Catering to multiple generations of workers, each with varying priorities, is one challenge for HR professionals deciding on benefit offerings.

Exciting times at the SIIA National Conference! The Phia team is ready to connect at booth 409! Stop by and chat with any of our 11 amazing team members on site. We can't wait to see you!

Although electric cars are sleek and high-tech, accident rates indicate that the vehicles aren’t exactly safer. With accidents often come injuries. Health insurance will pick up most of the tab, per the policy’s terms. However, if there is an at fault third party, then contractually, the health insurer may have the right to pursue that party to cover medical treatment costs, a.k.a. subrogation. To learn more about subrogation and how The Phia Group helps, please contact Scott Byerley at [email protected].

Are small electric vehicles safe? Rising accident rates say no Injury rates from electric vehicles have dramatically increased, highlighting the urgent need for safety improvements to prevent accidents.

The Phia Group is very proud to share that it has hired Justin Forton as its new Client Success Account Executive. Justin brings to Phia a wealth of data analytics knowledge and industry-focused client service experience, having previously served as the Vice President - Analytics and Insights for Personify Health. Justin promises to be a tremendous asset to our company as we continue to grow and fulfill our mission of empowering health plans nationwide. If you’re at the SIIA National Conference next week at the JW Marriott Desert Ridge in Phoenix, AZ, please make sure to stop by Phia’s booth ( #409) to say hello to Justin. https://buff.ly/3XyIp53

Hundreds of the country’s foremost benefits advisors, clinical leaders, employers, unions and public entities were on hand for RosettaFest 2024 in Washington D.C. this week. The Phia Group was very privileged to have its CEO, Adam V. Russo, serve as one of the conference’s speakers.

The Phia Group is thrilled to announce an exciting new refresh to its industry-leading ecosystem of services that features improved language and a suite of educational content. The latest addition to this impressive lineup of services is Care Empowered Pricing, an innovative Reference-Based Pricing model providing quality care and fair pricing done your way. Read the full press release here: https://buff.ly/4e0taJ7

Want more information about our revolutionary new service? Visit booth #409 at the SIIA National Conference. See what else we’ll be doing at SIIA: https://buff.ly/3TrZ8FT

The Phia Group is delighted to announce that Brad Wiseman, Sr. Claims Recovery Specialist, is its spotlighted employee this week. Brad is a very dedicated member of our claims recovery department, and we are so grateful for all his contributions to the department’s continued success.

The Phia Group was very well represented at this week’s Captive Resources conference in Chicago as Attorney Andrew Silverio, The Phia Group’s Director of Consulting Services, delivered a wonderful presentation to a highly engaged audience.

The time has come. At long last, the MHPAEA Final Rules have been released. What does the evolving NQTL comparative analysis testing requirements mean for group health plans as the new year approaches? Check out the latest edition of the Empowering Plans podcast series, “Diving Into the Parity Pool: MHPAEA’s Latest Updates,” hosted by Phia attorneys Jennifer McCormick and Bryan Dunton, to find out. https://buff.ly/3Ttgh1V

One important tool that should be in every self-funded employer’s toolbox to lower overall healthcare costs is subrogation. The Phia Group has over 20 years’ experience in lowering costs for employees and employers across the board. Please contact Scott Byerley at The Phia Group at [email protected] to learn more about this critical service.

Health care costs expected to jump by 9% in 2025 Employers, hesitant to pass too much expense to their workers, will continue to bear the brunt of the annual increases.

This week, Adam V. Russo, The Phia Group’s CEO, had the privilege of being a keynote speaker at the Texas Association of Benefit Administrators (TABA) 2024 Fall Conference in Fort Worth, Texas. Adam gave a very insightful presentation on innovation in the healthcare industry and the future of self-funding among other timely topics.

Today, we pause to remember and honor the lives lost on September 11, 2001. At The Phia Group, we join the nation in reflecting on the bravery and resilience that emerged from that day.

Our thoughts are with the families, first responders, and communities who continue to feel the impact of this significant moment in history. May we never forget the strength and unity that binds us together as a nation.

The most recent edition of the Empowering Plans podcast series (“Recognizing Our Blind Spots”) was a special one as New York Times bestselling author and esteemed Johns Hopkins surgeon Dr. Marty Makary joined Phia CEO Adam V. Russo to discuss his new book Blind Spots: When Medicine Gets It Wrong, and What It Means for Our Health https://buff.ly/47rCEuE as well as his overall thoughts on the current state of the American healthcare system. To listen to Marty and Adam’s discussion, check out the podcast at this link https://buff.ly/47m65hv

From Johns Hopkins medical expert Dr. Marty Makary, the New York Times-bestselling author of THE PRICE WE PAY—an eye-opening look at the medical groupthink that has led to public harm, and what you need to know about your health. Order now:

Authority Magazine has chronicled the stories of business leaders and celebrities across a wide spectrum of industries – everything from biotech to the National Football League. The Phia Group is very proud to share that Adam V. Russo is profiled in a recent edition. Check about the link below to learn about his journey toward becoming a co-founder and CEO of The Phia Group as well as his thoughts on the current state of the healthcare industry among many other fascinating topics. https://buff.ly/3Zh8jwM

It’s been just over four months since the Section 1557 Final Rule was issued. As such, there’s still a lot to sort out regarding its implications. There’s no one better to break it all down than Phia attorney Kendall Jackson, who does just that in her latest blog, “Section 1557 Final Rule: Where Do We Stand?” https://buff.ly/475kHBV

Last week, Adam V. Russo, CEO of The Phia Group, served as the keynote speaker for Custom Design Benefits’ (CDB) 17th Annual Customer Conference. In doing so, Adam was able to spend time with CDB President & CEO, Julie Mueller.

It is hard to find a Phia employee who is more enthusiastic about his job than Senior Claim Recovery Specialist Bill Parlee. We are so happy to announce that Bill is our spotlighted employee this week – a very well-deserved distinction for this delightful young man.

The National Safety Council estimates that “nonfatal disabling car crash injury [is] estimated to cost $162,000 and each evident injury $42,000.” To be clear, medical bills from car accidents can cost hundreds of thousands. However, when a negligent third party is at fault, the subrogation provision in the member’s health plan requires that the plan be reimbursed from the third party. Accordingly, the responsible person is held accountable for injuries and subsequent costs. The Phia Group has been pursuing subrogation for health plans for over 20 years. Please contact Scott Byerley at [email protected] to protect your health plan’s best interests.

Car accidents statistics 2024 This analysis of U.S. and global car accident statistics examines accident frequency, demographics, causes, economic costs and more.

This Labor Day, we want to take a moment to express our gratitude to our dedicated team and valued clients. Your hard work and support drive our success, and we’re thankful for each and every one of you.

Wishing you a relaxing and enjoyable Labor Day!

The Biden presidency is nearing its end. The post-Chevron landscape is unfolding. And summer is slipping into autumn. What does this all mean for healthcare regulations? Tune into the latest episode of the Empowering Plans podcast series, “Summer Regulation Rundown,” hosted by Phia attorneys Kelly Dempsey and Nick Bonds, to find out! https://buff.ly/4gfVMzM

The Phia Group has a prominent presence in Louisville, Kentucky, and was honored to be recognized as one of the 50 “Best Places to Work in Greater Louisville” by Louisville Business First. On Thursday, August 1, at Kentucky Kingdom Amusement Park, Louisville-based executives Rebekah McGuire-Dye and Scott Byerley were on hand to receive this prestigious award.

As the presidential election looms closer, there will be much talk about healthcare’s rising costs. It’s a reality that nearly all of us face. Subsequently, cost containment tools are needed. One such tool for employers with self-funded plans is strong subrogation language in their health plans to properly place responsibility on the at-fault third party when a vehicle accident occurs. The Phia Group has designed plan language protecting our clients and maximizing their rights when an accident results from another party’s actions. For more information, please contact Scott Byerley at [email protected].

DNC convention to focus on 'lowering health care costs' with Bernie Sanders speech Speakers like Sen. Sanders, Rep. Robert Garcia, Rep. Lauren Underwood and New Mexico Gov. Michelle Lujan Grisham will highlight support for strengthening the ACA.

The Phia Group is constantly championing volunteerism and as we enter back-to-school season, we are very proud to share that our annual backpack & school supply drive with The Boys & Girls Club of Metro South accounted for 3,304 school supplies for 150 kids (ages 5-18).