Rethinking Risk: Innovating Benefit Design for Whole-Person Care

Welcome to another insightful episode of "The Only Healthcare Podcast," where we unpack the demand for change in risk management for employers within commercial insurance and benefit design. In this episode, our host, Dr. Randy Vogenberg, is joined by Rajiv Sood, the founder of Sood Health Advisors. With over 30 years of experience spanning healthcare, clinical settings, insurance, and InsureTech, Rajiv brings a wealth of knowledge and a unique perspective on managing financial risks in healthcare. 

In this episode, you will learn: 

• Innovative Risk Management: Explore how innovative financial strategies can mitigate risks for employers, touching on the significance of tier five initiatives. 
• Demand for Benefit Design Innovation: Explore the transformative impact of innovative benefit designs on equitable access and whole-person care, addressing the evolving needs of patients with rare diseases. 
• Essentials of Reinsurance: Delve into the function and importance of reinsurance in the healthcare sector, highlighting its role in mitigating financial risks associated with benefit designs for rare diseases. 
• Challenges of Asynchronous Timing: Unpack the issues stemming from asynchronous timing in stakeholder collaborations and discuss strategic approaches to enhance synchronization and efficiency among all parties involved in healthcare management. 
• Future of Healthcare Financing: Discussion on the future landscape of commercial insurance and how upcoming changes will affect stakeholders across the board. 

Join us as we unpack these complex topics, providing valuable insights for employers, HR professionals, C-suite executives, and insurance experts. Connect with Rajiv on LinkedIn for assistance in reinsurance and with Randy on LinkedIn for aid in benefit design and stakeholder collaboration. 

Michael's LinkedIn

Randy's LinkedIn

Sponsored by:
Peek: A game-changing prescription shopping solution that allows its members to view all their prescription cost options across cash discount programs and their insurance in one easy-to-use platform. Peek is currently being offered to organizations to help both employees and plan sponsors save money on their prescription spend. https://peekmeds.com/.

Institute for Integrated Health (IIH): Health care benefits, insurance coverage regulations, and doing business in the healthcare industry can be complicated. At IIH, Dr. Randy Vogenberg and his team understand these unique challenges and provides strategic guidance customized to every client. To help overcome your unique challenges, IIH delivers education, planning and advisory on market trends, and U.S. health care market intelligence. The firm’s decades of proven success are due to strategic collaboration with associates from the business, clinical, and scientific communities. https://iih-online.com/.