One Item on Every Successful Executives EndofYear List

first_imgTable of ContentsSuggested Meeting Structure Plus a Few Quick RulesChecklistsFree Guide to Getting Even More Out of Your ReviewsWhy End-of-Quarter Reviews Are So Essential for Driving Intelligent GrowthBy this point in the year, that annual goal planning meeting you attended back in January probably feels like a lifetime ago. Between now and then you and the rest of the management team likely got caught up in the day-to-day execution of the business — putting out fires, jumping on new opportunities, reacting to changes in the market, your customers, your competition, etc. If you didn’t take the time to periodically reconvene and review your goals at a high level then you may now find yourself in a completely different place from where you initially planned and hoped when you originally set your goals. That’s why establishing a quarterly operating review process — sitting down every 90 days to discuss your goals, review your progress, reassess priorities, and adjust your plan for moving forward — is so critical. Especially for startups and expansion-stage companies whose survival depends on being nimble, adaptive, and, most of all, incredibly focused. Not only do regular quarterly reviews equip you with the strategic direction and focus you need to achieve the goals you set for your business, they also help you achieve them faster and more effectively by rigorously iterating and refocusing on them at regular intervals. The Most Valuable Meeting You Can Run My colleague George Roberts has even gone on record saying he believes quarterly operating reviews are more critical to growing companies than quarterly board meetings. In his opinion, no other meeting has a higher level of consistent impact on a company’s performance.Suggested Meeting Structure Plus a Few Quick RulesOperating review meetings must be designed to align with the company’s maturity in terms of size, management sophistication, and development. The trick is to achieve the optimal level of process and structure for your company’s current state and to then adjust it over time as the company matures. That said, the basic structure of a quarterly operating review involves the head of a department presenting the following:The current state of the unit/market/goalsKey successes from the previous quarter, as well as challenges, obstacles, and impedimentsSuggestions for improvements and ways of removing impedimentsAt this point, the meeting should shift to an open discussion, resulting in:A list of suggestions/advice from othersA list of possible goals for the upcoming quarter that is then prioritizedHere are the most important ground rules to keep in mind to conduct a truly productive quarterly operating review:The goal is to uncover the best goals/initiatives for your department going forward.To start off, everyone in the room needs to understand the current state of the unit.The unit head should present a retrospective portion of the meeting.There needs to be an open conversation regarding all of the most important possible goals for the unit for the next 90 days.The operating unit head needs to be open to goals suggested by others.Important issues need to be addressed openly and constructively.The meeting needs to end with the optimal set of prioritized goals.ChecklistsNow that you know the basic structure of successful quarterly operating reviews, it’s time to make sure you have the proper focus and resources to actually preform them. The checklists below will help you ensure that you have the resources necessary to fully commit to this review process. Checklist for the CEO Checklist for the CFO Checklist for the Unit Head Leading the Operating Review Free Guide to Getting Even More Out of Your ReviewsDownload our free eBook guide and make 2015 your most successful and productive year yet. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more

Calif Regulator Seeks To Bar Anthem From Small Business Health Exchange

first_imgCalif. Regulator Seeks To Bar Anthem From Small Business Health Exchange Meanwhile, Minnesota officials announce the opening of a call center Sept. 3 to answer consumer questions about the state’s online insurance marketplace, which will begin enrolling people a month later.Los Angeles Times: Regulator Wants To Bar Anthem From Small-Business Health ExchangeCalifornia Insurance Commissioner Dave Jones wants industry giant Anthem Blue Cross barred from the state’s new health exchange for small businesses because he says the company imposes excessive rate hikes. Jones said the state’s largest for-profit health insurer should be denied access to the state-run market where thousands of small employers will purchase health coverage for their workers (Terhune, 6/13).Kaiser Health News: Capsules: California Insurance Chief Wants To Bar Anthem From Selling Small Business Coverage Citing a pattern of ‘unreasonable rate increases’ for small business customers by Anthem Blue Cross, California Insurance Commissioner Dave Jones said Thursday he will recommend that the state’s new online insurance marketplace exclude the firm from selling small business coverage (Appleby, 6/13).The Associated Press: Minn. Health Insurance Call Center Opens In Sept.The call center for Minnesota’s new health insurance marketplace will be operational Sept. 3 to help prepare consumers for buying coverage when open enrollment begins a month later, officials said Wednesday. MNsure’s executive director, April Todd-Malmlov, updated board members on customer assistance plans for the exchange, where starting Oct. 1 about 1.3 million Minnesotans are expected to get their coverage, including 300,000 who don’t currently have health insurance (Karnowski, 6/13).Kaiser Health News: Capsules: Preparing For Flood Of Consumer Questions On Insurance ExchangesOn Oct. 1, individual consumers and small businesses will be able to enroll in the online health insurance marketplaces known as exchanges. Minnesota, where the state is running the exchange, and Florida, where the federal government will be in charge, are preparing in different ways. Under the Affordable Care Act, most Americans who don’t already have health insurance through employers, Medicare or some other source are required to get it as of Jan. 1 or pay a fine. Subsidies will be available for people who earn up to 400 percent of the federal poverty level to buy insurance (Girshman, 6/13). In other news related to health exchanges – Health News Florida: Prepare For Launch Of ‘Get Covered’ CampaignOn June 22, consumer-health groups across the nation will launch what they hope will be a massive education and enrollment campaign to find uninsured people and get them ready to sign up for health coverage. The campaign will be called “Get Covered, America!” Its official launch is June 22 because that marks 100 days until the opening of state and federal online “marketplaces” where the uninsured can shop for coverage (Gentry, 6/13). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more