Contract Review: Understanding Hidden Costs in Healthcare
Belva Hale
Vice President, Business Development, Sherrill Morgan
A contract or administrative services agreement is a necessity for every employer, but these documents can range from a hundred to a few hundred pages. Are you, as an employer, reading every word? Are you asking the right questions when in negotiations? Are there hidden costs in these contracts that you might not be familiar with? This session will explain what questions to ask when receiving contracts, which fees are being paid, and what might be hidden costs in these contracts.
Belva Hale
Vice President, Business Development, Sherrill Morgan
Belva has worked in various roles and departments during her 23-year career with local governments. Most recently as Director of Administration for the City of Bristol, Tennessee, she was responsible for the divisions of human resources, risk management, purchasing and information technology where she implemented a change in retiree health benefits, was instrumental in implementing a hybrid retirement plan, completed the purchase of a city wide ERP system and established a new comprehensive wellness program. Overseeing self-funded health insurance plans, health reimbursement arrangements, retiree health reimbursement arrangements and flexible spending accounts were also a key part of her responsibilities. Belva holds a B. B. A. from East Tennessee State University in business with a concentration in human resources management and completed the senior executive program at the University of Virginia's Darden School of Business.
With 5 years of working with Sherrill Morgan, Belva assists employers in implementing self-funded health insurance plans which includes direct contracting with hospitals, Acquisition Cost Index and Own Rx for pharmacy, onsite health centers as well as ancillary benefits that work for the employer and provide the best benefit package for employees. With her varied experience, Belva is requested to speak at conferences for both human resources and risk management associates.
