• 48. JP Morgan ERISA Lawsuit: A Case Study - with Jennifer Berman
    2025/04/03
    Could your company be blindsided by an ERISA lawsuit? Join us as we sit down with Jen Berman from MCQ Consulting, who gives us the scoop on a groundbreaking case involving JP Morgan. Unlike previous lawsuits that focused on HR and finance executives, this one takes aim at the board of directors, setting a precedent that could reverberate through companies big and small. Jen unpacks why this case carries more weight and how it impacts employers, particularly those with fewer than 10,000 employees. Her expert insights offer a roadmap for safeguarding your organization against such legal headaches.

    The episode navigates the complicated world of fiduciary duty and ERISA compliance, especially within the healthcare industry. We chat about the essentials of proving harm and the indispensable role that documenting decision-making processes plays in shielding your company from legal trouble. Jen dispels myths surrounding fiduciary responsibilities, asserting that ERISA principles are more than just legal requirements—they're best practices for any organization. Don't miss out on these valuable perspectives that could arm you against the mounting challenges in benefits compliance.

    Connect with Jennifer:
    https://www.linkedin.com/in/jennifer-spiegel-berman-b834b15/

    Connect with Chelsea and Donovan:
    Website: www.ethoseffectpodcast.com
    Instagram: https://www.instagram.com/ethoseffectpodcast/
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    25 分
  • 47. Exposing the Truth About Healthcare Costs: How One Business Took Control with Guest Bryan Orr
    2025/03/20
    Are you tired of skyrocketing healthcare costs and feeling like there’s nothing you can do about it? In this special episode of The Business of Benefits Podcast, we flip the script on traditional benefits planning. CEO of Ethos Benefits, Don Minrakis, sits down with Bryan Orr, President of Kalos Services and host of the HVAC School Podcast, to dive deep into how Kalos transformed its healthcare strategy—saving money while improving employee benefits.

    From slashing insurance premiums by 40% to eliminating unnecessary costs and navigating a broken system, this conversation is packed with real-world strategies and eye-opening insights. If you're an employer looking for practical ways to cut costs without cutting care, this episode is a must-listen.

    We also break down the hidden truths behind insurance pricing, pharmacy benefit managers, and hospital billing practices—exposing how businesses are often overcharged without even realizing it. Learn how Kalos Services leveraged transparency, direct primary care, and strategic cost controls to take back control of their healthcare expenses while enhancing coverage for their employees.

    Tune in now to learn how to take control of your healthcare plan, empower your employees, and break free from the insurance trap!

    Don’t forget to subscribe, leave a review, and share your thoughts!

    Connect with Chelsea and Donovan:
    Website: https://businessofbenefitspodcast.com/
    Instagram: https://www.instagram.com/ethoseffectpodcast/
    Chelsea: https://www.linkedin.com/in/chelsea-whalley-8508a192/
    Donovan: https://www.linkedin.com/in/donovanryckis/

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    Podcast Produced by Hi Hello Labs
    Website: https://www.hihellolabs.com/
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    43 分
  • 46. Dodging Lawsuits: The Must-Have Insurance for Your Benefits Team
    2025/03/06
    In this episode of The Business of Benefits, host Chelsea Ryckis dives into a crucial topic for HR professionals, CFOs, and employers—how to indemnify the risk of your fiduciary committee. If you're involved in employee benefits decisions, you’re likely acting as a fiduciary under ERISA, which means you have a legal and ethical responsibility to act in the best interest of your employees.

    Joining Chelsea is professional liability expert Paul Hacker, who breaks down the essential insurances every fiduciary committee should have, including fiduciary insurance, directors & officers coverage, cyber insurance, errors & omissions, and fidelity bonds. With recent lawsuits personally naming HR executives and financial officers, it’s never been more critical to ensure you and your team are protected.

    Tune in as we unpack what these policies cover, how they’re priced, and why even fully insured plans aren’t exempt from fiduciary liability. Don’t leave yourself exposed—get the insights you need to safeguard your role and your company.

    Listen now and make sure your fiduciary committee is covered!

    Connect with Chelsea and Donovan:
    Website: www.ethoseffectpodcast.com
    Instagram: https://www.instagram.com/ethoseffectpodcast/
    Chelsea: https://www.linkedin.com/in/chelsea-whalley-8508a192/
    Donovan: https://www.linkedin.com/in/donovanryckis/

    ----------------------------------------

    Podcast Produced by Hi Hello Labs
    Website: https://www.hihellolabs.com/
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    36 分
  • 45. The Key to Fixing Our Broken Healthcare System
    2025/02/20
    This episode is not just another dialogue; it's an exposé of the often hidden truths within the benefits system. As a registered nurse, Deb sheds light on the intricacies of medical management and its profound impact on healthcare delivery and financing.

    Listeners will be captivated by personal anecdotes and insights into the tumultuous journey toward healthcare transparency, challenging the status quo one employer decision at a time. From dissecting the roles of medical management in both fully insured and self-funded plans to unveiling the truth behind automated prior authorizations and claim denials, this episode leaves no stone unturned.

    Deb emphasizes the pivotal role employers play in reshaping the healthcare landscape, urging them to see beyond the traditional confines set by large carriers. With her direct and passionate approach, she shares innovative ways to integrate medical management, ensuring quality care while efficiently managing costs. Listeners will walk away not only inspired but also empowered with the knowledge and tools necessary to initiate change within their organization. This episode promises to shift your perspective and potentially save your business significant expenses—all while ensuring the well-being of your most valuable asset: your people.

    Connect with Chelsea and Donovan:
    Website: www.ethoseffectpodcast.com
    Instagram: https://www.instagram.com/ethoseffectpodcast/
    Chelsea: https://www.linkedin.com/in/chelsea-whalley-8508a192/
    Donovan: https://www.linkedin.com/in/donovanryckis/
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    47 分
  • 44. Using Data to Create Wins
    2025/02/06
    Join hosts Chelsea and Donovan Ryckis in this engaging episode as they join Spencer in his podcast to unravel the complexities and opportunities in the self-funded healthcare space. This episode dives into the importance of fiduciary responsibility, the impact of healthcare costs on employers, and the potential for innovative solutions to transform the industry. Discover why self-funding may be the key to sustainable and effective healthcare for businesses.

    Whether you’re a seasoned industry professional or new to the world of benefits, this episode is packed with insights and actionable advice. Tune in and learn how you can take control of your healthcare strategy!

    Highlights:
    1. Introduction to Self-Funded Healthcare (00:00:01)
    2. Importance of Fiduciary Responsibility (00:00:24)
    3. Case Studies and Real-Life Examples (00:01:36)
    4. Ethos and Culture in Benefits Consulting (00:20:00)
    5. Navigating Complex Healthcare Changes (00:43:00)

    Subscribe to our channel for more no-nonsense insights into the business of benefits! If you found this episode valuable, give us a thumbs up and share it with your network. Don't forget to leave your thoughts and questions in the comments below! 🔔

    Connect with Chelsea and Donovan:
    Website: www.ethoseffectpodcast.com
    Instagram: https://www.instagram.com/ethoseffectpodcast/
    Chelsea: https://www.linkedin.com/in/chelsea-whalley-8508a192/
    Donovan: https://www.linkedin.com/in/donovanryckis/

    Podcast #Healthcare #Finance #Insurance #BusinessOfBenefits
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    1 時間 20 分
  • 43. How "Walk On Clinic" is Changing Primary Care Access
    2025/01/23
    In this episode, we are thrilled to host the dynamic Chris Yarn, CEO and founder of Walk On Clinic. Walk On Clinic is pioneering healthcare delivery with its innovative mobile and on-site clinic model, providing employees with easy access to top-notch primary care services right at their workplace.

    Chris Yarn isn’t just transforming healthcare from a business perspective; his personal story of battling cancer and his recovery journey adds a profoundly heartfelt layer to this discussion. Diagnosed with a rare form of cancer called Ewing's sarcoma, Chris's experience underscores the critical importance of early detection and preventive care, concepts that are foundational to Walk On Clinic's mission.

    Chris’s passion for healthcare and his commitment to making a difference shines throughout this episode. His resilience, coupled with his professional acumen, makes for an inspiring conversation that you’ll find both insightful and motivating.

    Highlights:
    - Chris’s Health Journey, Battling Ewing's Sarcoma (00:00:24 - 00:09:19)
    - The Founding and Evolution of Walk On Clinic (00:01:29 - 00:09:19)
    - Primary Care Solutions: On-Site vs. Near-Site Models (00:09:19 - 00:38:02)
    - Importance of Actionable Data in Healthcare (00:38:02 - 00:40:06)

    Connect with Chelsea and Donovan:
    Website: www.ethoseffectpodcast.com
    Instagram: https://www.instagram.com/ethoseffectpodcast/
    Chelsea: https://www.linkedin.com/in/chelsea-whalley-8508a192/
    Donovan: https://www.linkedin.com/in/donovanryckis/

    #Podcast #Healthcare #Finance #Insurance #BusinessOfBenefits #HealthcareInnovation #PrimaryCare #EmployeeBenefits #EarlyDetection #WalkOnClinic #ChrisYarn #MobileClinics #HealthAdvocacy

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    41 分
  • 42. The Business of Benefits Podcast - Season 2 Premiere
    2025/01/09
    Welcome to Season 2 of The Business of Benefits Podcast—your no BS, no sales, no gimmicks guide to rethinking employee benefits. This season, we're diving deep into the strategies, data, and solutions that transform how businesses approach healthcare and benefits. From cutting through industry jargon to offering actionable insights, we’re here to equip you with the tools to care for your most valuable asset: your people.

    In this season premiere, we kick things off with a game-changing concept: Healthcare Financing. Donovan explains why shifting your mindset from “insurance” to “financing” is the key to creating a proactive, sustainable benefits business plan. With a fiduciary perspective and a focus on real data, we uncover strategies that don't just save dollars—they save thousands, even millions, on healthcare costs.

    Get ready for:
    • Transparent conversations about healthcare supply chains
    • Proven case studies with massive impact
    • Actionable strategies to design long-term benefits plans
    • A no-nonsense fiduciary approach to benefits
    This season is all about real data, real stories, real people, and real impact.

    If you're ready to stop playing the reactive game with your benefits and start implementing strategies that work, you won’t want to miss an episode.

    Tune in, subscribe, and share with your network. Together, let’s change the business of benefits.
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    16 分
  • 41. Breaking the Healthcare Cost Myth: Take Control with Chelsea Ryckis
    2024/12/20
    180 million Americans rely on their employers for healthcare, but what if there's a hidden truth keeping costs unnecessarily high? In this episode of the Ethos Effect Podcast, host Chelsea Ryckis pulls back the curtain on the healthcare industry's biggest myth: the idea that employers can't control their healthcare costs.

    Chelsea, President and Founder of Ethos Benefits, shares how misaligned incentives in the healthcare supply chain—from brokers to hospitals—inflate costs, and what employers can do to reclaim control. Discover practical, actionable strategies for navigating rising premiums, negotiating better contracts, and reducing costs without compromising care.

    Chelsea also shares her personal journey from aspiring medical student to healthcare innovator, revealing how her experiences with brain injury and medical debt inspired her mission to help businesses and employees thrive.

    Don't miss this eye-opening conversation on how to dismantle the status quo, empower businesses, and create a financially sustainable healthcare plan for your team.

    Find us on LinkedIn: Ethos Benefits | Chelsea Ryckis

    Connect and subscribe to never miss an episode!
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    13 分