Bill Scuorzo is the president and CEO of BCG Advisors and AndAme Investments. With AndAme Investments, a holding company, Bill Scuorzo provides investment services to struggling businesses and startups to help them reach operational viability.A holding company is one created to buy shares of other companies. These companies then become subsidiaries of the holding company. This legal structure serves many purposes, one of which is to protect assets. Valuable assets owned by the holding company are protected from liabilities incurred by the subsidiaries. This also allows the subsidiaries to take added risk and diversify in more efficient ways, which in turn gives them the freedom to undertake larger projects.Furthermore, a holding company can be structured creatively to reduce the tax burden of the holdings as a group. Centrally controlling assets can be a benefit, too. A holding company can provide a cohesive management strategy to the subsidiaries that maximizes all their growth.Finally, a holding company can be an important asset in succession planning. Key-person events that affect the subsidiaries have far less impact, as the board of directors of the holding company can ensure continuity and a smooth transition.
New Jersey resident Bill Scuorzo is president and CEO of BCG Advisors based in Secaucus. As head of an insurance brokerage, Bill Scuorzo assists businesses with finding cost-effective ways to insure their employees. For years, healthcare prices have increased forcing many in the health and insurance industries to devise ways to reduce costs for businesses.Reducing healthcare costs can be done, but businesses have to be aware of their own stats to properly plan. Before speaking with an insurance broker, performing analytics on the business’ operations will provide business owners with better insight to their needs. In fact, 53 percent of the best-performing companies employ data to analyze benefits.Another strategy for reducing costs is to review plans for the evidence-based, high-quality outcomes. Value-based plans will provide efficient and effective care by aligning patient and provider incentives: and what should happen is the re-occurrence of illnesses in employees should decrease. These plans typically include bundled payments, which allow businesses to combine pre- and post-procedural care into one payment, a cost effective way to save money.Finally, businesses can explore a few different approaches to program planning that will help them save money. Medical case management, for example, assists businesses with coordinating employee care options by looking at plans that can deliver high-quality, low-cost care. These professionals can also assist with finding the perfect plan for a business.Depending on the size of the business, another way to save money is to incorporate an on-site clinic. An on-site clinic can provide employees with screenings and assessments, chronic condition management, and wellness coaching. On-site clinics can save employers a lot of money in healthcare costs in terms of preventative care.
