Healthcare, insurance, HR and a new editor – Grand Forks Herald

Welcome to the May edition of Prairie Business magazine. This month we feature an interview with North Dakota Insurance Commissioner Jon Godfread, some creative solutions to the region’s health care worker shortage, and how human resources departments handle unlimited PTO, among other topics.

I’m Carrie McDermott, the magazine’s new editor, and I want to take this time to share a bit about myself.

I’m a southern California native, from the Riverside area, and graduated from California State University San Bernardino with a bachelor of arts degree in 1992. My goal was to work on magazines. Life had another plan.

I immediately went to work for a Pulitzer Prize-winning newspaper, The Press-Enterprise, and was bitten by the news bug. During my 17 years there, I worked in news, features, special sections, marketing and even under the business development department, where I worked on websites and special publications. Part of my job assignments included helping produce several community, lifestyle and business-to-business magazines, which satisfied my college dreams.

My heart eventually brought me to North Dakota, where I worked for a small community paper in Wahpeton called the Daily News, as well as the weekly News Monitor. After 12 years covering the ins and outs of the southern Red River Valley communities, I was ready for a new challenge.

Prairie Business called and I answered.

I’m now in Grand Forks and learning all about the large region we cover. I’m looking forward to meeting the business leaders we write about, hearing about your industries and finding out what makes your organizations successful.

Please continue sending in your employee announcements for our Prairie People section, which are also featured on our website.

If you’re new to Prairie Business, you can subscribe for free thanks to the support of our dedicated advertising partners. To

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Entrepreneur: Attorney – Entrepreneur Small Business Encyclopedia

A business attorney can be a critical part of your advisory team, no matter what stage your business is in. When do you need a lawyer? Although the answer depends on your business and your particular circumstances, it’s generally worthwhile to consult one before making any decision that could have legal ramifications. These include setting up a partnership or corporation, checking for compliance with regulations, negotiating loans, obtaining trademarks or patents, preparing buy-sell agreements, assisting with tax planning, drawing up pension plans, reviewing business forms, negotiating and drawing up documents to buy or sell real estate, reviewing employee contracts, exporting or selling products in other states, and collecting bad debts. If something goes wrong, you may need an attorney to stand up for your trademark rights, go to court on an employee dispute or defend you in a product liability lawsuit. Some entrepreneurs wait until something goes wrong to consult an attorney, but in today’s litigious society, that isn’t the smartest idea.

In a crisis situation–such as a lawsuit or trademark wrangle–you may not have time to thoroughly research different legal options. More likely, you’ll end up flipping through the Yellow Pages in haste…and getting stuck with a second-rate lawyer. Better to start off on the right foot from the beginning by doing the proper research and choosing a good lawyer now. Many entrepreneurs say their relationship with a lawyer is like a marriage–it takes time to develop. That’s why it’s important to lay the groundwork for a good partnership early.

How do you find the right attorney? Ask for recommendations from business owners in your industry or from professionals you trust, such as bankers or accountants. Don’t just get names; ask them for the specific strengths and weaknesses of the attorneys they recommend. Then take the process one

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Star Health & Allied Insurance Company reports standalone net profit of Rs 210.47 crore in the December 2022 quarter

Business Standards

Sales rose 13.41% to Rs 2867.24 crore

Net profit of Star Health & Allied Insurance Company reported to Rs 210.47 crore in the quarter ended December 2022 as against net loss of Rs 578.37 crore during the previous quarter ended December 2021. Sales rose 13.41% to Rs 2867.24 crore in the quarter ended December 2022 as against Rs 2528.31 crore during the previous quarter ended December 2021.

ParticularsQuarter Endeddec. 2022dec. 2021%var.Sales2867.242528.31 13 OPM %9.77-30.39 PBDT281.73-768.25 LP PBT281.73-768.25 LP NP210.47-578.37 LP

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, February 01 2023. 07:31 IST



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Mark Farrah Associates Assessed Health Insurance Segment Profitability

MCMURRAY, Pa.–(BUSINESS WIRE)–Mark Farrah Associates (MFA),, examined trends in membership, claims incurred PMPM (per member per month), adjusted premium PMPM, and MLR (Medical Loss Ratio) for the Individual and Small Group comprehensive segment leaders. Based on an analysis of the National Association of Insurance Commissioners’ (NAIC) Supplemental Health Care Exhibit (SHCE), MFA analyzed the profitability of both health insurance segments for 2021.

  • The Individual segment experienced enrollment growth of 16%, to 13.2 million members for 2021.

  • While the Small Group segment continues to lose membership, down another 5.1% for 2021 with small businesses opting to either self-insure or drop health insurance coverage for their employees, overall segment profitability remains strong.

  • While both the Small Group and Individual segments have been impacted by pandemic-influenced medical spending between 2020 and 2021, both segments were profitable for insurances over the two-year combined period.

To read the FREE full text of “health-insurance-markets-in-2021%2F&esheet=52782162&newsitemid=20220719005080&lan=en-US&anchor=An+Analysis+of+Profitability+for+the+Individual+and+Small+Group+Health+Insurance+Markets+in+2021&index=2&md5=b0209edd90239ef45f26ecddcc31ca1c” shape=”rect”An Analysis of Profitability for the Individual and Small Group Health Insurance Markets in 2021“, visit the Analysis Briefs library on Mark Farrah Associates’ website.

About Mark Farrah Associates (MFA)

MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!

Healthcare Business Strategy is a FREE monthly brief that presents analysis of important issues and developments affecting healthcare business today. If you would like to be added to our email distribution list, please submit your email to the “Subscribe to MFA Briefs” section at the bottom of this page.

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