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The current (and looming) skilled-labor shortage: Why it's a risk management issue

This article by the Wall Street Journal's chief economics commentator, Greg Ip, set me to thinking about a risk that seems to become more real every day; however, it's a risk that is little understood and not often included in the risk inventories of companies in the United States. It has to do with the question of where we're going to get the skilled labor that we need in the next 20 years.

Topics: enterprise risk management Insights & Opinion

The fuel for any analytics engine: data that’s present, detailed and highly accurate

I’m not with the Ventiv team attending the National Workers’ Compensation and Disability Conference this week in Las Vegas, but I’m following the conference (#NWCDConf on Twitter) and keeping up with news from Ventiv (follow us on Twitter: @VentivTech). Naturally, claims are a big focus of NWCDC, so I wanted to pass along and comment on a useful paper I came across earlier this week about claims and predictive modeling. I also wanted to make a few points in support of my colleague Dawn Zoppa’s blog post yesterday about data quality.

Carriers and TPAs know it’s all about analytics these days; but are they paying enough attention to their data foundations?

Attendees at this week’s National Workers’ Compensation and Disability Conference (NWCDC) will undoubtedly hear a lot about all things analytics, from Big Data to the Internet of Things to predictive modeling. It’s important to remember, however, that high-quality, complete and relevant data is the foundation of effective analytics of any kind. There are some important, often-unappreciated prerequisites for effective analytics that insurance entities should bear in mind.

Topics: Analytics, Reporting & Data Visualization data management

We’ll show you ours. Will they show you theirs?

The headline of this post refers, of course, to Ventiv’s renewed HIPAA Security accreditation. I’m proud to announce that on November 1, Ventiv Technology was once again awarded the highest HIPAA Security accreditation: Full HIPAA Security (Business Associate and Covered Entity) Accreditation from URAC, a well-known, highly respected Washington, D.C.-based accrediting organization that establishes quality standards for the health-care industry.

Topics: Data Security & Cyber Risk