Everyday the sky seems to be falling. Unemployment
is rising as more layoffs are announced every week. Even previously
safe industries like healthcare are being affected. Housing prices
are falling in most parts of the country. Credit is tough to come
by, even for those who want to buy. Small companies are dropping
health insurance to remain competitive.
Now is the time to look for opportunities
in this market…
A recent Newsweek poll noted that 24% of
people are worried about losing health care. The New York Times
ran a lengthy article in February highlighting young adults as the
largest segment of the uninsured,; not because they think they’re
invincible (though some do), but because they don’t have enough
earning power to afford the typical insurance premium.
With the economy shrinking and employers cutting back, it’s time
to focus on your individual products. There are certain issues that
must be addressed:
- Do you have the right
products to attract new business?
- Is your distribution system
geared to identify and bring the best risk to you?
- Can your underwriting
and administrative teams manage the additional volume?
Medwise Partners has been
solving these problems for years with our business process review
services. Our team of experienced underwriting professionals can
make strategic recommendations to help you can stay ahead of the
game.
Medwise Partners offers:
- Strategic Planning
- Process Improvement
- Product Development
- Financial and Operational
Turnarounds
There are countless factors in a worsening economy you can’t control.
But, by focusing on what you can, you are able make some key decisions
to improve your company’s outlook
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