Public Risk Management

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**Public Risk Management**

Delve into the public sector risk management domain with PRIMA’s Risk Management Podcast Series. This innovative, time-efficient, educational resource is designed to afford risk management professionals the opportunity to learn-on-the-go! Listen to PRIMA podcasts to remain cognizant of important issues affecting the public risk management community!

Latest Episodes:

Annual Conference Reflection - Kaylee Boggan Jul 25, 2022

Show notes

Annual Conference Reflection - Kaylee Boggan

AC 22 reflection with William Huang Jul 25, 2022

Show notes

This week's podcast episode we have William Huang who is an undergraduate student studying risk management and insurance at St. John's University share his experience at Prima's 2022 annual conference. Listen in on William's greatest takeaways included being able to connect with the diversity of attendees, gaining better understanding on how risk management works on a domestic and international level.

Cyber Risk And Youth Protection Jul 14, 2022

Show notes

Joaquina Scott Kankam, Director and Senior Consultant, School of Solutions, discusses how to better protect youth and cyber security. The first step is to implement a clear policy, she explains what it should include and how to ensure that it’s effective with and being adhered to. She also provides the effect of the pandemic on Cyber Risk, what to do with social platforms managed by multiple people, employee communication expectations and the one thing that she would require for Youth Serving Organizations.

COVID - 19 Engineering And Facility Controls Jun 29, 2022

Show notes

Joseph Whitlock, Senior Advisor, Health, Safety, and Industrial Hygiene, EFI Global, explains COVID-19 Engineering and Facility Controls. He saw organizations use a variety of tactics to reduce COVID-19, some of which worked while others didn’t. He explains why local HEPA filtration units worked best, especially for facilities that weren’t capable of upgrading their HVAC systems, as well as the significance in optimizing building ventilation for reducing COVID-19. He offers several examples of the best ways to carry health and hygienic practices forward, and how one family dental practice increased their business by doing so.

Applying Health And Safety Trends To Your Organization Jun 01, 2022

Show notes

Applying Health And Safety Trends To Your Organization

PRIMA Institute 2022 With Amy Larson May 31, 2022

Show notes

PRIMA Institute 2022 With Amy Larson by Public Risk Management Association (PRIMA)

Managing Environmental Legal Risk - What To Know May 19, 2022

Show notes

Sarah Lintecum, Counsel at Lathrop GPM LLP, provides what Risk Managers should know about Environmental Risks. She shares three types of environmental risks that organizations should consider in terms of insurance needs: climate change, Potential liability caused by emerging contaminants, such as PFAS, and air pollution and indoor air quality. She explains how environmental liability is expensive and claims become very complex. Specifically with PFAS, risk management professionals and entities should monitor new regulations with an increase in legal, regulatory and claims. Specific circumstances to consider PFAS include when purchasing new property, the potential exposure to liability if you work within water utilities or wastewater treatment plants. Sarah shares the common coverage issues related to PFAS, the two sources of coverage that can apply and what to expect this year for PFAS is an increase in claims, litigation, and requests for information during the underwriting process, along with best practices and tips for procuring coverage.

Leveraging Enterprise Risk Management As A Crisis Response Tool - A COVID Story May 05, 2022

Show notes

Christine Packard, the Director of Enterprise Risk Management at the University of Massachusetts talks about Leveraging Enterprise Risk Management as a Crisis Response Tool, applied to the specific instance of COVID 19. With two decades of experience in crisis response prior to working at the University of Massachusetts, she has in-depth expertise on managing crisis. Christine shares how the foundation of effective crisis response is built upon the collaboration upon existing networks of different disciplines. She details how the structure supports effective crisis response through consistent meetings of stakeholders; which builds partnership and awareness of each other's respective positions, as well as improved health and safety measures. enrollment, staffing, and finance. An ongoing sharing of information allows comprehensive mitigation strategies and keeps the board of trustees informed. Christine shares how they Operationalized ERM for crisis response, using COVID 19 as an example. She explains how Leadership is a fundamental component and the importance for communication and in the case of COVID 19 it meant providing daily updates to provide situational awareness. Lastly, she informs how the crisis strengthened the ERM Program and brought about updated risk assessment and mitigation tools, as well as more developed relationships and network.

Minimizing Pharmacy Plan Costs with Lisa Stamm Apr 23, 2022

Show notes

Minimizing Pharmacy Plan Costs with Lisa Stamm Lisa Stamm, VP of Consulting Services at Sherril Morgan discusses minimizing pharmacy plan costs. She explains how the pharmaceutical industry is one of the most complex and expensive costs for companies that sponsor health plans, specifically determining how much is being paid toward pharmacy benefit management. Pharmacy Benefit Managers (PBM) main role is to facilitate transactions when a member fills their prescriptions at a pharmacy. There are four traditional ways of how a PBM is compensated. The first is spread, which is adding a cost to every prescription they process; with this cost being built into the pricing makes it difficult to quantify for the employer. The second is Rebate Retention, this is retaining all the rebates that plans get when members use their prescription drugs, instead of hitting the employer's plan. The third way is by obtaining the part of the co-pay that was higher than the cost of the prescription, and the fourth is in a traditional structure by being a part of the mail order process. Each time someone uses mail order the PBM is obtaining revenue from the transaction. She shares the problems of a traditional model and the benefits of Pass Through as an alternative, which is when a PBM is given a fixed and controlled administrative fee. She also explains how focused an employer should be on pharmacy rebates, mail-order and the co-pay structure’s best strategy to prescription drugs management

Where Are They Now - Carl Amritt Apr 18, 2022

Show notes

Carl Amritt, Analyst for Public Safety and Homeland Security, shares best practices for new risk managers, his takeaways from the Annual Prima Conference, the two PRIMA resources that greatly benefit his work and how enterprise risk management is embedded in different areas such as financial, situational, and environmental. Carl’s advice for new risk managers is to create a risk awareness culture within your organization and several options on how to do so. He also shares the experience of a presentation from PRIMA’s annual conference having significant relevance to his upbringing and his line of work.

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