On June 16, 2016 the Food and Drug Administration (FDA) released long awaited guidance on benefit and risk factors entitled Factors to Consider Regarding Benefit-Risk in Medical Device Product Availability, Compliance, and Enforcement Decisions. This draft guidance will be important to Life Science diagnostic and therapeutic medical device companies when evaluating appropriate responses to nonconforming product or regulatory noncompliance issues, such as determining whether to limit the availability of a medical device.
As has been the trend in prior years, life sciences companies have seen a greater number of securities class action lawsuits than those in other industries. In 2015, of the 191 total class action lawsuits, 39 of them involved companies in the life sciences sector. No other sector experienced anywhere near this number of securities class action lawsuit flings.
If you have locations or workers in multiple states, then your workers’ compensation coverage may be more complicated than you realize.
Workers’ compensation coverage written in one state may not protect you if workers are injured in another.
BWC Other State Coverage Program Begins March 1
Effective March 1, BWC launches its Other States Coverage program, a law enacted in 2014 granted BWC the authority to contract with an insurer licensed in other states to provide coverage to eligible Ohio employers for out-of-state exposures. By contracting with an insurer licensed in other states, BWC now offers an option that ensures proper coverage, regardless of jurisdiction.
Watch the video below for a better understanding of the Ohio BWC Other States Coverage program.
Employee benefits become a lot easier for business leaders to manage when a process is developed that takes the element of surprise out of the equation.
Today I was made aware of a tragic, yet preventable accident on an Ohio concession go kart track. A teenage girl was partially scalped while operating an indoor go kart.
A recent article in the New York Times examined just how effective loss of value coverage is for college athletes.
Many critics believe that the insurance, intended to protect athletes who may become injured and miss the opportunity for payouts on professional contracts, is not as helpful as it seems.
On April 16, 2015, the U.S. Equal Employment Opportunity Commission (EEOC) released a proposed rule that describes how the Americans with Disabilities Act (ADA) applies to employee wellness programs that include questions about employees’ health or medical examinations. Although the ADA limits when employers may inquire about employees’ health or require them to undergo medical examinations, these inquiries and exams are permitted if they are part of a voluntary wellness program.
As technology’s evolved, so has people’s ability to overcome the traditional communication barriers of time and distance. The practice of telemedicine is a step forward in the health care industry to use telecommunications to bridge the gap of time, distance and affordability to reach patients in need of medical attention.
The ideal corporate wellness program brings together employees from different backgrounds and helps them focus on making choices that lead to longer, healthier lives. The challenge is working through those differences to arrive at a plan that allows everyone the best chance to participate and achieve their own individual goals.
Employers have the ultimate responsibility on how to effectively communicate benefits information to employees. It has a tremendous impact on how well the programs are understood, utilized and perceived by employees. If that understanding does not exist, it’s a critical failure of the company’s leadership team.