In 2021, estimated revenue from the U.S. healthcare industry was $2,709.9 billion. The industry focused on medical technology, research and innovation. Hospitals spend more than $852 billion on goods and services annually and generate more than $2.8 trillion in economic activity. Those numbers provide the big picture. At a granular level, the goal of healthcare is to keep … [Read more...] about Healthcare Check-Up
Affordable Care Act
The Insured State: Health Insurance in Nevada
Businesses can expect health insurance costs to continue to rise in the short term, but stabilization might be in sight. Nevada health insurance executives suggest a number of factors could indicate relief for businesses when it comes to health insurance costs in the long-term future. Following years of negative reaction to the Affordable Care Act (ACA), signed into law in … [Read more...] about The Insured State: Health Insurance in Nevada
‘Obamacare Lite’ Is Not the Free-Market Solution We Were Promised
When Republicans recently unveiled their first attempt to dismantle the Affordable Care Act, it became obvious the leadership was more focused on repackaging and rewriting than repealing and replacing. Certainly, some changes were suggested that would have boded well for businesses and individuals. While the individual and business mandates would remain a part of the law, … [Read more...] about ‘Obamacare Lite’ Is Not the Free-Market Solution We Were Promised
Executives Weigh In: Power Poll 2017
Most executives would agree, 2016 saw a boost to industry across the Silver State. From call centers and manufacturers to new sports teams and residential and commercial development throughout the state, Nevada is on the rise. This boom in industry is also prompting many business leaders to question when the other shoe will drop. “Cautiously optimistic” has been the phrase … [Read more...] about Executives Weigh In: Power Poll 2017
History in the Making: The 79th Session of the Nevada Legislature
The historic result of the 2016 election ushers in a new set of challenges, opportunities, and unknowns for Nevada businesses at the federal and state levels. Here, at home, Nevada bucked the national trend and once again gave Democrats control of both houses of the legislature. The result is two new legislative majorities, along with a host of freshman chairs and freshman … [Read more...] about History in the Making: The 79th Session of the Nevada Legislature
Navigating Healthcare
When it comes to the healthcare system in Nevada, three words are key: quality, access and affordability. The new administration and upcoming legislative session will likely sway these key factors in one direction or another. With 2017 nearly upon us, it comes as no surprise that Nevada executives are eager to know how these changes will affect their businesses. The Silver … [Read more...] about Navigating Healthcare
The Immoral Crusade for More: Government Intervention Needs to Stop
It seems that whenever someone attacks the core principles of free-market capitalism, they do so with a self-righteous attitude of moral supremacy. After all, the push for redistributing wealth, regulating businesses and expanding government always seems to be “for the greater good,” so it’s easy to see why big government advocates are so smitten with themselves. As such, … [Read more...] about The Immoral Crusade for More: Government Intervention Needs to Stop
Nevada’s Place Among the States 2016
Numbers tell the story, either good or bad, about Nevada’s ranking compared to other states, and this year the numbers indicate a slow but steady economic recovery that has the Silver State moving from eighth place to 11th in percentage of foreclosed homes and third place to sixth in unemployment. However, Nevada continues to lag behind other states in factors such as … [Read more...] about Nevada’s Place Among the States 2016
Back to Work: Human Resource & Employment Issues
Gilda Radner’s comic creation, Roseanne Roseannadanna, pretty much summed up the situation of Nevada’s employers: “It’s always something.” The state’s economic recovery makes good workers harder to find, and top employees are beginning to hear the siren song of recruiters who want to woo them away. That’s putting upward pressure on wages just when employers are getting the … [Read more...] about Back to Work: Human Resource & Employment Issues
Nevada’s Place Among the States
Nevada has always had a unique economy, based on volatile industries like mining, which fluctuates according to the price of metals, and tourism, which depends on the U.S. and world economy. Employment, construction and the housing market in the Silver State tend to follow these industries from one extreme to the other. In this year’s report comparing Nevada to other states, … [Read more...] about Nevada’s Place Among the States
Medicaid Expansion Pressures Nevada’s Poor, Doctors, State Budget
Addition of 281,000 to state dole creating long waits for doctor openings Last year, almost 25,000 Nevadans found their health plans canceled, thanks to the so-called Affordable Care Act. The ACA also caused a dramatic increase in the price of individual insurance plans — with Nevada having the largest premium increases in the entire country, according to a national study … [Read more...] about Medicaid Expansion Pressures Nevada’s Poor, Doctors, State Budget
Hospitals in Nevada: An Industry in Transition
Some things that don’t change in healthcare: the importance of patient outcome, patient experience, patient compliance and patient ability to pay for services. Other things in healthcare are changing rapidly: bio-engineered medications to treat specific patients, imaging devices take the place of exploratory surgery, the model for healthcare, the way hospitals are reimbursed … [Read more...] about Hospitals in Nevada: An Industry in Transition
Health Insurance Update: The Real Cost of Healthcare
The healthcare industry, over many years, has been undergoing a gradual but major shift in how insurers pay providers. Against that backdrop, the state began implementing the Patient Protection and Affordable Care Act’s (ACA) mandates, several of which the federal government has delayed or amended since. The ACA or Obamacare, as it has become known, has caused additional … [Read more...] about Health Insurance Update: The Real Cost of Healthcare
Preparing for the Affordable Care Act
No issue in last five years has been as polarizing as health care reform. Baring a repeal of the law, however, ACA will forever change the way Americans obtain health insurance coverage, access health care services and view the health care system. For businesses, understanding and complying with ACA will soon become a reality of everyday life. The many upcoming changes … [Read more...] about Preparing for the Affordable Care Act
Franchising: A Rapid-Growth Business Model
Since 1985, Reno-headquartered franchisor, Port of Subs Inc., has sold licenses to entrepreneurs to independently own and operate its made-fresh-to-order sandwich shops, in accordance with the brand and the parent companies’ wishes. Today, the corporation has 108 franchisees in addition to 35 of its own locations, spread throughout the western U.S., and it continues to expand. … [Read more...] about Franchising: A Rapid-Growth Business Model