Power Up: Benefits Strategies and Innovation Virtual Conference

All times listed are in Eastern Time.


Session handouts were available to registered attendees from Monday, August 23, 2021 through Saturday, September 25, 2021. Please contact edprog@ifebp.org if you have questions or need assistance.

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Tuesday, August 24

11:00 AM – 12:00 PM

PUVC01  Benefits and Total Rewards Strategies in a Post-Pandemic World

Megan E. Nail, CEBS Compliant Co-Speaker
Vice President, Total Rewards Practice
FirstPerson
Brownsburg, IN

Paul E. Ashley, CEBS Co-Speaker
SVP & Advisor
FirstPerson
Indianapolis, IN

Employees value entirely different things than they did last year or the year before. Looking past the COVID-19 pandemic, has your benefits and total rewards approach kept up with employee expectations? Between health, retirement and compensation challenges—including pay equity and a focus on diversity, equity and inclusion and mental health—new trends are emerging everywhere. In this session, you’ll gain an understanding of the most impactful trends that have arisen from the pandemic as well as new strategies to support and engage your employees beyond traditional health benefits.

Takeaways

  • Understand the competitive, economic, social and political environment in which your organization operates and how it impacts your benefits and total rewards strategies.
  • Examine compensation trends and strategies that address your postpandemic workforce.
  • Learn how shifts in benefits and other perks may impact your total rewards strategies.

This session qualifies for one (1) CEBS Compliance credit.

(#10—General Topics)

12:30 PM – 1:00 PM

PUVC02  President's Report

Carey R. Wooton, CEBS Compliant, ISCEBS-Fellow Speaker
Director
IUE-CWA Pension Fund
Bloomington, IN

It’s been an incredible year and a half of pivots and adjustments in ways we never had imagined, in both our personal and professional lives. Through it all, we have maintained a focus on meeting participants’ needs. Hear from the ISCEBS President on how the Society has met the challenges of 2020 and 2021, and learn about its plans for continuing to adapt and meet members’ education and networking needs.

Note: This session does not qualify for CE credit or CEBS Compliance credit.

(#10—General Topics)

2:00 PM – 3:00 PM

PUVC03  Unmasking the Co-Conspirators and Factors Contributing to Your High Cost Pharmacy Claims

Susan A. Hayes, D.Crim.J., AHFI, CPhT, LPD Speaker
Chief Executive Officer
Pharmacy Investigators and Consultants
Lake Zurich, IL

This session will cover many aspects of pharmacy benefits including pricing, administration and clinical programs. Gain in-depth information about the different methods of pricing prescription drug programs (traditional, pass through and transparent) and the role of spread pricing for networks and rebates; PBM contracting issues; plan design considerations beyond copays; management of specialty drug use; fraud, waste and abuse programs; and questions to ask your PBM.

Takeaways

  • The pharmacy benefit is complicated and costly.
  • PBMs are for-profit organizations, which does not align with plan sponsors’ lower cost, high-clinical-efficacy goals.
  • Plan sponsors need to educate themselves, ask the right questions of PBMs and consultants, and continuously monitor the pharmacy program.

This session qualifies for one (1) CEBS Compliance credit.

(#12—Health and Welfare)

3:30 PM – 4:30 PM

PUVC04  Improving Maternity Care Through Value-Based Design

Cary J. Stimson Co-Speaker
Sr. VP of Value Transformation
Vanderbilt University Medical Center
Nashville, TN

David W. Hines Co-Speaker
Director of Employee Benefits
Metro Nashville Public Schools
Nashville, TN

Striving to combat ever-rising neonatal spend by improving care, Metro Nashville Public Schools Teachers Health Plan in 2020 partnered with Vanderbilt University Medical Center to redesign care pathways and pricing for maternity care and delivery. This session will look at the underlying need that drove this innovation, the improvement of the care experience and the incorporation of associated technology. It will also discuss the need and impact of moving from fee-for-service to value-based purchasing. Finally, it will summarize the outcomes from this initiative from patient satisfaction to maternal outcomes as well as ventures into other value-based bundles.

Takeaways

  • Gain a greater understanding of the cost of our fractured fee-for-service reimbursement system.
  • Providers along with purchasers are willing to engage in the development of value-based purchasing arrangements.
  • Value-based design can produce better outcomes, cost and member satisfaction.

This session qualifies for one (1) CEBS Compliance credit.

(#12—Health and Welfare)