Deregulation and consolidation
Regulatory changes and sweeping reform are on the horizon. Volt Consulting Group knows that process alignment challenges arise as business entities grapple with unifying disparate procurement and internal business processing systems. Our programs provide not only the visibility and scalability needed to emerge stronger, but the high quality candidates and cost savings needed to fuel additional growth. This helps insurance companies maintain a competitive edge as they move more toward sales of annuity products, directly competing with financial services firms.
Unique needs of health insurers in the U.S.
The Health Insurance Portability and Accountability Act (HIPAA) of 1996, with its focus on improving the efficiency of the nation’s healthcare system through increased electronic data interchange, drives the health insurance industry’s need for qualified IT personnel. At the same time, Health Plan Employer Data and Information Set (HEDIS) accreditations require audits to be completed annually by registered nursing personnel driving demand for this niche skill set. Volt has been successfully providing superior candidates to the health insurance industry, helping to facilitate the fulfillment of both HIPAA and HEDIS requirements. In fact, one Volt health insurance client was recently recognized by HEDIS administrator, the National Committee for Quality Assurance, for executing the most successful HEDIS audit. This client cited Volt contractors as a fundamental element in their success.
As the US market for insurance becomes increasingly saturated, international growth continues to rise. Growth in areas like South America, India and China is becoming increasingly essential. Volt operates in 18 countries worldwide and counting, making it easier for companies to take their business global.