About this episode

Chelsea Ryckis discusses alarming contract clauses in health plan contracts and how to identify hidden traps for employers.

Your health plan contracts are full of hidden traps and most employers never read them until it's too late. In this solo episode of The Business of Benefits, Chelsea Ryckis of Ethos Benefits pulls back the curtain on the most alarming contract clauses she's encountered in the last six to eight months. From undisclosed broker bonuses and spread pricing to termination traps and one-sided indemnification clauses, Chelsea breaks down exactly what to look for and what it actually means for your company. This episode is essential listening for any business owner, HR professional, or benefits committee member who wants to fulfill their fiduciary duty and protect their plan participants. What You'll Learn: - The six forensic lenses Ethos Benefits uses to review every vendor contract - How to identify hidden conflicts of interest and undisclosed compensation - Why your scope of services must be written down and what happens when it isn't - How to use KPIs and performance guarantees to hold vendors accountable - Why implementation guarantees matter more than service guarantees - How vendors use HIPAA as an excuse to block your access to your own data - The termination clause that forced a…

People in this episode

Guest: Chelsea Ryckis

Topics covered

• contract clauses
• health plan contracts
• fiduciary duty
• vendor accountability
• healthcare reform

Keywords

• contract review
• broker bonuses
• termination traps
• indemnification clauses
• HIPAA
• KPI
• performance guarantees

Mentioned in this episode

Organizations: Ethos Benefits, Hi Hello Labs Network

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