BUFFALO, N.Y., Aug. 12, 2013 /PRNewswire/ -- Laura Smith, president of Nova Healthcare Administrators, Inc., a subsidiary of Independent Health, is scheduled to speak next month at Proformative's CFO Dimensions 2013 at the Marriott Marquis Times Square. CFO Dimensions 2013 is the premier conference for chief financial officers and corporate finance leaders addressing the evolving leadership role of the CFO and the senior finance management team.
Smith's presentation - entitled "Take Control and Reduce Health Care Spend" and scheduled for August 22 - will discuss trends, key cost-benefit considerations, and strategies for adopting self-funded health care amid rising health care costs. The session will also detail the value of self-funded plans, which includes dramatically reduced costs, greater flexibility and transparency, mitigated financial risk, exemptions from state mandates, and heightened ability to negotiate labor relations, among others.
"Managing employee health care benefits has become a significant challenge that employers face every year due to the unsustainable trend of rising health care costs," said Smith. "However, employers still have the ability to take control and reduce their health care spend. If a company has the right demographics, self-funding can be a great alternative."
Other CFO Dimensions 2013 speakers include subject matter experts, chief financial officers, and senior finance executives from leading organizations, such as Ariba, The Associated Press, Easter Seals, Ernst and Young, Financial Executives Consulting Group, International Association of Firefighters, JetBlue Airways, KPMG, SAP, and the Wharton School of the University of Pennsylvania.
"We're excited to feature such an important topic facing CFOs and American business today: health care, a necessary and costly expense," said John Kogan, Proformative co-founder and CEO. "As premiums continue to escalate to unprecedented levels, controlling health care costs is also becoming an increasingly critical priority for finance executives and US businesses as a whole. We're looking forward to hosting a subject matter expert on self-funded options to detail the real world costs and benefits of adopting this alternative solution."
About Nova Healthcare Administrators, Inc.
As an expert health benefits partner since 1982, Nova Healthcare Administrators, Inc. specializes in employee benefit administration with a strong emphasis on exceptional service. As one of the largest third party administrators of self-funded employee benefit programs in New York State, Nova's services include medical, dental, vision, FSA, HRA, HSA, and COBRA administration as well as in-house Medical, Case and Disease Management services. Nova partners with over 500 clients to promote health and wellness, while providing easy access to high quality, cost-effective benefits to more than 185,000 members. Nova is a wholly-owned affiliate of Independent Health.
The largest and fastest-growing online community and resource for the office of the CFO, Proformative is the pioneer in Enterprise Social Procurement™, a peer-driven community model enabling corporate finance professionals to make smarter, more informed purchasing decisions for complex enterprise products and services. Based in Silicon Valley, CA, Proformative reaches more than 600,000 corporate finance and related executives at companies ranging from start-ups to the Fortune 500 and is comprised of more than 35,000 community members. For more information, please visit www.Proformative.com.
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