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Medwise Partners: Health Underwriting Services, Health Underwriting Consulting, Outsourced Health Underwriting

How is the Economy Affecting your Business?

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 marketÖ

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 theyíre invincible (though some do), but because they donít have enough earning power to afford the typical insurance premium.

With the economy shrinking and employers cutting back, itís 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 canít control. But, by focusing on what you can, you are able make some key decisions to improve your companyís outlook

 


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