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Commerce Dept. starts work on finalizing funding for Micron projects
CLAY — The U.S. Department of Commerce is working on a due-diligence process on Micron Technology’s (NASDAQ: MU) planned projects in both the town of Clay and in Idaho. Micron has reached a $6.1 billion preliminary memorandum of terms (PMT) funding agreement with the Commerce Department under the federal CHIPS & Science Law. The PMT […]
Community Living Advocates provides a network for senior care
SALINA— After years of helping her mother take care of her elderly grandmother, Nancy Aureli figured there had to be an easier way to find and manage the care loved ones require as they age. “I am an RN and still didn’t understand what to do,” she recalls of those years providing care. Even though
Report: HSA balances rise but contributions not maximized
A new research report using the latest available data about health savings accounts (HSAs) finds average contributions are well below the maximum allowed, most accountholders taking a distribution from their HSA, and relatively few accountholders investing. Still, despite workers spending more on health care in 2022 than in previous years, average balances in HSAs increased,
Brown & Brown names two to leadership team
Brown & Brown, Inc. (NYSE: BRO) — the Florida–based insurance-brokerage parent of Brown & Brown of New York, Inc., which has an office in Syracuse — recently announced it has appointed David Putz and Niels Seebeck to its senior leadership team. David Putz is executive VP of Arrowhead General Insurance Agency within Brown & Brown’s
Excellus presents $30K health award to Mohawk Valley prenatal and maternal support program
UTICA, N.Y. — Excellus BlueCross BlueShield announced it has presented a $30,000 Health Equity Innovation Award (HEIA) to Mohawk Valley Prenatal and Maternal Support (MVPMS)
Northwoods signs management agreements with Southern Tier insurance agencies
The Northwoods Corporation, based in Williamsville, is expanding in the Southern Tier with new management agreements with two agencies — one looking to grow and expand and another seeking to pass the reins in the future. The company entered into a management agreement in January with Michael Santore Insurance in Owego. Michael Santore, Sr. founded
MVP Health Care appoints Le Moyne graduate to executive role
SCHENECTADY— MVP Health Care has appointed Dr. Richard Dal Col to its newly created role of president of health management and provider & network strategy. Dal Col, a graduate of Le Moyne College, will work to help MVP in aligning clinical operations and services with its provider network, “driving enhanced care quality and outcomes” for
People news: Excellus names new director of sales
UTICA, N.Y. — Excellus BlueCross BlueShield announced it has appointed Andrew Dober director of sales at the health insurer, the largest in Central New York.
Excellus posts 2023 net loss of $23M after rise in insurance usage
ROCHESTER — Excellus BlueCross BlueShield reported a net loss of more than $23 million for 2023, which it primarily attributed to a $271 million increase in medical benefits paid last year. Excellus, like other health insurers nationwide, continues to “experience increases in utilization and costs” for health-care services and prescription drugs. “We’re a company that
Excellus reports net loss topping $23 million in 2023
ROCHESTER, N.Y. — Excellus BlueCross BlueShield says it ended 2023 with a net loss of $23.2 million. Excellus, Central New York’s largest health insurer, reported the net-loss figure in its annual report filed Friday with the New York State Department of Financial Services. The 2023 net loss compares to the reported net income of $58.9
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