Welcome to Echo.
Ransomware attacks are becoming more targeted, more costly and more complex. Bad actors can encrypt your data so you can't access it, or target your clients, vendors, or employees to increase pressure.
To manage cyber risk, businesses can train employees, secure backup systems, implement multi-factor authentication and check their insurance plans for gaps in cyber coverage.
Don’t wait for a ransomware breach. Plan proactively and make sure you have the right cyber coverage.
Last month, with supply stabilized, the FDA ended temporary GLP-1 compounding for drugs like Ozempic, Wegovy, Mounjaro and Zepbound to improve patient safety.
The Centers for Medicare and Medicaid Services added semaglutide-based drugs, which represent over 14 billion in Medicare spending, to its 2025 negotiation list. Negotiated prices take effect in 2027, potentially reducing costs for Medicare beneficiaries.
Continue monitoring regulatory developments to prepare your benefits strategy.
81% of HR teams plan to adopt AI, but only seven percent have a formal strategy to upgrade their HR information systems.
To upgrade your IT system, following a structured three-phase approach: pre-implementation, implementation and post-implementation can help ensure a smooth rollout and lasting value.
Evaluate your current HRIS capabilities and AI adoption plan to align with your organization’s needs.
To get the full scoop on updates for GLP-1 medications, ransomware and HR information systems, check out the linked resources.
NFP's June Echo, your source for quick insights into business and industry trends.
In this month’s Echo, we’re diving into three key topics:
Ransomware
Ransomware attacks are becoming more targeted and costly, threatening sensitive data and disrupting operations. Businesses can reduce risk with employee training, secure backups, multi-factor authentication and the right cyber coverage.
GLP-1 Medications
Last month, the FDA phased out compounded GLP-1s like semaglutide and tirzepatide due to a stabilized supply. Medicare is also negotiating drug prices. This could lead to more affordable access to medications like Ozempic and Wegovy by 2027.
HR Technology
While many companies are exploring AI in HR, few have a structured plan to upgrade their information systems. Enabling a three-phase HRIS strategy from planning through post-implementation can ensure a smoother transition and long-term value.
Thank you for watching Echo. Stay tuned for next month’s insights.
