Laura McQuade is the Chief Executive Officer and President of Planned Parenthood of New York City. She is leading her organization through a period of expansion. She remains steadfast in advocating comprehensive health care, which has come under threat in several states. There are bans of abortion and restrictions of the funding from Title X and refusal of care rules from the federal government.
The Affiliates Merge
Laura McQuade came up with a new deal of building Planned Parenthood’s Negotiating power in the Empire State. This project came as an excellent deal to five affiliates who agreed to merge. The merge aimed to provide the ability to have a negotiating power for Planned Parenthood when it comes to partnering with large heath systems and having commercial payers.
The Planned Parenthood Project
Laura McQuade’s deal of creating the Planned Parenthood was to have it created in Greater New York. The project’s first year of operation is expected to have an operating budget of $ 110 million. This project also has an aim to expecting each year to be able to accommodate more than 200,000 patient visits, as well as be able to open 28 health centers. The opening of the health care centers will bring the opportunity of people to get jobs. The project is aiming to have 900 employees in these health centers.
The Future of Planned Parenthood
Laura McQuade desires to have a new chapter of Planned Parenthood. She came up with an expectation of opening up many health care centers at the statewide level that will focus on issues of sexual and reproductive.
While in elementary school, Heath’s parents, John Ritenour and Valli Ritenour started an insurance agency called Insurance Office of America. After finishing his higher education, Heath Ritenour joined the company as an agent and later took over the CEO position in 2008 and Chairman in 2018. Since he had indispensable knowledge of the industry prior to taking over its leadership, Heath has taken the company to higher growth levels: It is now the US’s eleventh largest privately-owned insurance company. IOA Company has a charitable arm led by Heath that gives back to the Central Florida community by sponsoring sporting events, contributing to funding drives, and doing various charity activities.
Being a cancer survivor, Ritenour understands the pain of those suffering from this chronic disease, making it a personal responsibility to offer his support in any way he can. Even with the company’s outstanding achievement, this doesn’t mean that IOA has had no challenges. Just like any other company, IOA was affected by the covid-19 pandemic, affecting its revenue income. At such hard times, premiums rates have to change, and has thus taken his time to educate both consumers and producers on instances premiums have to rise or go down.
One of the factors that, according to Heath Ritenour, determine premium rates is reserves earnings. Since a company can only invest its reserves in bonds because the investment is liquid and less volatile than stock market investments, returns on investment are relatively low. This forces companies to ask for higher premiums to compensate for the lost earnings. A natural disaster is also another factor that makes companies raise premiums since it affects many clients. The increased cost of repairs attracts higher premiums. According to Heath Ritenour, though the auto insurance business finds it hard to make money, the increased cost of repairs has led to companies asking for more premiums from customers.