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FRIDAY, FEB. 2, 2018 | IN THIS ISSUE
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Mike Goedken, Terry Reinsager and Rachel Trevizo
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MediRevv, the Coralville-based health care revenue cycle management and coding company, announced several new promotions to its leadership team this week.
Among the changes:
- Mike Goedken was promoted to vice president of finance
- Terry Reinsager was named vice president of strategic integration
- Rachel Trevizo was promoted to vice president, revenue cycle services
- Melissa Huston was named director of enterprise support
- Dana Gratton was promoted to director of marketing
- Jeff Harpster joined the company as vice president of revenue cycle services, Heritage Division
Mr. Goedken served as MediRevv's controller for two years before accepting his new role. He oversees the finance group, provides financial and strategic insights to the executive team, and works to provide internal clients with the financial analysis and support needed to run the business effectively.
Mr. Reinsager joined MediRevv at its inception, and is responsible for
scoping and driving process improvement, organizational change and functional strategy projects across and within the business.
Ms. Trevizo worked for MediRevv from 2008-2010 before rejoining the company in 2014. In her new role, she is
responsible for MediRevv's client services program across the EBO and coding divisions.
Mr. Harpster joins MediRevv with 26 years of experience in health care, most recently as executive director, business services for St. Joseph Heritage Healthcare, in Anaheim, California. He will be
responsible for the day-to-day revenue cycle operations and coding services of Heritage.
Ms. Huston served as director of client services for three years prior to her promotion. In her new role, she will continue to be responsible for implementation outcomes, but will also lead the creation of a new project management office (PMO) within MediRevv.
The PMO will serve both internal and external customers and provide project management expertise to help MediRevv execute on projects and initiatives that drive value for the company and its clients.
Ms. Gratton served as marketing manager for more than four years prior to her promotion to director of marketing.
The latest announcement follows the company's promotion of Brad Baldwin to COO in January.
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Marsh & McLennan Companies yesterday reported strong results for the fourth quarter and full-year 2017, the Des Moines Business Record reports.
Consolidated revenue in the fourth quarter of 2017 was $3.7 billion, an increase of 10 percent compared with the fourth quarter of 2016, the company reported. Operating income for the quarter rose 8 percent to $686 million, including a $54 million pension charge.
For the year, earnings per share declined 15 percent to $2.87, including the pension charge and a charge of $460 million related to changes in the federal tax law. The latter charge reflects a $220 million write-down of the company's deferred tax asset to reflect the decrease of the corporate income tax rate from 35 percent to 21 percent, and a $240 million charge related to deemed repatriation.
Adjusted earnings per share increased 15 percent to $3.92, compared with $3.42 in 2016.
"In addition to our excellent underlying performance, we had another active year of acquisitions while delivering on our capital return commitments," President and CEO Dan Glaser said in a press release. "We are proud of our accomplishments this past year and believe we are well-positioned for another strong year in 2018."
Marsh & McLennan is a global professional services firm with operations in Cedar Rapids and Iowa City.
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 CBJ Report on CBS2/FOX28: Younkers space, new loft condos
In this week's CBJ Report on CBS2/FOX 28, Editor Adam Moore discusses the possible future of the Younkers space at Westdale in Cedar Rapids, new loft condominiums coming to Uptown Marion and a "virtual" job fair slated to feature Corridor companies. Watch the full report
here.
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Kent Gaudian (l) and Matthew Shinn
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Burlington-based Two Rivers Financial Group has named a new president and CEO of its banking operations as it prepares for a period of growth.
Matthew Shinn is assuming the role of president and CEO of Two Rivers Bank & Trust for Kent Gaudian, who has been serving in that role, as well as president and CEO of the Two Rivers Financial Group holding company. The move will allow Mr. Gaudian to focus on strategic intiatives and expand growth opportunities for the organization, the company said in a statement.
Mr. Shinn, formerly executive vice president of community banking with Two Rivers Bank & Trust, has been with the organization since 2002. Prior to joining Two Rivers, he was a vice president of commercial banking for U.S. Bank and vice president of commercial lending for Regions Bank.
Mr. Gaudian has served as president and CEO of Two Rivers Bank & Trust since 2005. In 2014, he continued in that role, while also taking on an additional leadership role as president and CEO of Two Rivers Financial Group.
"To make the most of the growth opportunities we see coming, a new leadership structure has been established - one that addresses the dedicated responsibilities of two highly respected, longtime leaders in our organization," stated Frank Delaney, board chair with Two Rivers Financial Group, in a press release.
Two Rivers Bank & Trust has 12 bank branches throughout Iowa, including in Coralville and Iowa City, as well as a loan production office in Bettendorf.
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S. Carolina businesses agree to halt deceptive Iowa mailings
Two Myrtle Beach, South Carolina businesses and their principals will change mailings they may use to generate insurance leads in Iowa, through an agreement with Iowa Attorney General Tom Miller.
The agreement settles a dispute over "2018 Medicare update" mailings, which Mr. Miller alleged are misleading and violate Iowa's Consumer Fraud Act. C
alled an assurance of voluntary compliance, it prohibits Choice Health Insurance LLC and National Direct Marketing LLC, and their principal owners, Dennis Watts and Michael Watts, from sending Iowans mailings that appear to come from a government agency or mislead recipients about the mailing's true purpose. It also prohibits mailings from giving the false impression that benefit programs are free, obscuring the true reason for seeking the consumer's phone number, and using inconspicuous small print to disclose important information.
"We alleged that the mailings created the impression that they were government mailings advising Medicare recipients of additional benefits available to them at no cost," Mr. Miller said in a statement. "While the mailings disclosed that they did not come from a government source and could lead to an insurance sales pitch, the disclosures were small and inconspicuous - they were too easily missed."
According to Mr. Miller, personalized mailings to Iowa "Medicare recipients" announcing the availability of "new coverage benefits" stated that recipients "may be eligible for additional benefits" covering a range of health issues such as "dental, vision, hearing, prescription coverage," and more.
The mailings also claimed that the programs were available "at no charge," and asked the recipients to provide a phone number in order to find out "what benefits are available in your area."
Through the agreement, the businesses and their owners will pay $2,000 to support future consumer fraud enforcement efforts.
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Short-Term Event Planner
Feb. 5
Coralville Roundtable
, by Iowa City Area Chamber of Commerce, noon-1 p.m., Radisson Hotel & Conference Center, 1220 First Ave., Coralville. Roundtables are social lunches over the noon hour. All are invited to network and keep up-to-date with chamber and community events. Free for members. Call the chamber at (319) 337-9637 if interested and not a member.
Feb. 6
Employer Panels
, by ICAD Group, 9-10:30 a.m., Kirkwood Regional Center at University of Iowa, 2301 Oakdale Blvd., Coralville. Hear directly from local experts on how to make your job search more successful. Free. RSVP to [email protected].
Iowa City Roundtable
, by Iowa City Area Chamber of Commerce, noon-1 p.m., Buffalo Wild Wings, 201 S. Clinton St., Iowa City. Roundtables are social lunches over the noon hour. All are invited to network and keep up-to-date with chamber and community events. Free for members. Call the chamber at (319) 337-9637 if interested and not a member.
Venture School Application Deadline
, by UI John Pappajohn Entrepreneurial Center. Venture School is accepting applications for its spring 2018 program, which emphasizes real-world entrepreneurship and innovation. The spring program will be offered in Iowa City, Des Moines, Dubuque,
Sioux City and the Quad Cities, along with an online version for those who cannot attend an in-person session. Cost: $299 for the first team member, $99 for each additional team member. For more information or to register, visit venture-school.com.
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Headlines from CBS2/FOX 28
These news items are provided by CBS2/FOX 28
A bill at the Iowa Statehouse would require Iowa high school students to pass a civics exam in order to graduate. "This is common sense," said Rep. Walt Rogers, R-Waterloo, who introduced the legislation. HSB573 would require high school students score 60 percent or better on a test on the basics of American government and history in order get their diploma. The civics test would be modeled after the U.S. Citizenship and Immigration Services exam immigrants have to pass before becoming U.S. citizens. "There's 100 questions on the test and they randomly pick 10," said Rogers, who said the test for high schoolers would be the same format. A recent University of Pennsylvania study found only 26 percent of Americans can name all three branches of government. One third can't name any of the protections of the First Amendment, which is part of the reason Mr. Rogers says this bill is important. "I think if there's this requirement to make sure you pass this civics test in high schools, [it] puts a little more impetus on our whole process to make sure kids are understanding those basics of our government," he said. Some opponents say they aren't against teaching the content, but worry about the state imposing a high-stakes exam on districts that will add to testing that's already required. If you want to test your civics knowledge, try this
practice test from the Department of Homeland Security.
T
hese news items are provided by CBS2/FOX 28
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CBS2 Chief Meteorologist Terry Swails' Weather First Forecast
There will be sunshine to start today with temperatures climbing into the upper teens to low 20s. Clouds will build in this afternoon along with some light snow showers or flurries. A dusting, at best, will be possible north of Highway 30 as there is a lot of dry air in place today. Clouds will hang tight through the night and temperatures will stay steadily in the teens and 20s. Two weak disturbances will move through over the weekend and lead to the chance for light snow. Ahead of the first system temperatures will warm up into the low to mid 30s Saturday. Down south of Highway 30 there may be a wintry mix early on Saturday with a transition to light snow. Snow showers will be possible into Sunday morning. Accumulation will be light with a trace to an inch area wide and the potential for up to two inches in far northeastern Iowa. Another, stronger system moves in Monday and will likely produce more accumulating snow. It's too soon for exact numbers but snow should be pretty fluffy in texture.
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