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FedEx Freight announces additional furloughs

FedEx Freight will furlough additional workers, the company confirmed Friday, a continuation of several months of cost-cutting measures by the logistics giant.

“In response to business conditions continuing to impact volumes, FedEx Freight is enacting another temporary furlough in some US markets to align our workforce with operational requirements,” the company said.

Some employees will be offered the opportunity to transfer to other markets and the furloughed employees will maintain health benefits and be provided other financial incentives, the company said. While the company did not say how many will be furloughed, it said the furlough period was “just under 90 days.”

A FedEx Freight Direct employee unloads a large package onto a driveway in a residential neighborhood.

“The company will continue to evaluate the environment and bring back furloughed employees as business circumstances allow,” the company said in a statement.

Memphis business news:FedEx, Ford and First Horizon: Memphis business stories to watch in 2023

FedEx news:How did FedEx perform during the 2022 holiday season compared to UPS and USPS?

The move comes on the heels of a Wednesday announcement the company will be cutting its officer and director team by more than 10%.

FedEx Freight had announced an initial round of furloughs in November due to slowing demand. The company also did not specify the number of workers impacted by that wave of furloughs.

Following a disappointing start to Fiscal Year 2023, FedEx in September announced plans to cut more than $2 billion across all divisions. In a second quarter earnings call, executives said the company was looking to cut an additional $1 billion.

All of the cuts have come amid a sustained drop in demand, which has been coupled with high operating costs.

“The FedEx team moved with urgency to make rapid progress on our ongoing transformation while navigating a weaker demand environment,” said FedEx President and CEO Raj Subramaniam on the second-quarter earnings call.

This article originally appeared on Memphis Commercial Appeal: FedEx Freight announced additional furloughs amid demand drop

Slow December sales cap transition year for LI housing market

The Long Island housing market slogged through another disappointing month in December, capping off a year of transition for the residential real estate industry.

As had been the case for most of 2022, home sales slowed down, and home prices continued to retreat again last month.

There were 1,583 Long Island homes contracted for sale in December, down 14 percent from the 1,846 pending sales of the previous month and a drop of 34.4 percent from the 2,414 homes that were contracted for sale in Dec. 2021, according to preliminary numbers from OneKey MLS.

The number of Long Island home sales in December was the lowest number of December home sales in the last nine years.

Home sales on Long Island have seen year-over-year declines since the overheated pandemic market began to cool in the second half of 2021. There were 28,214 homes contracted for sale in Nassau and Suffolk counties in 2022, a nearly 21.5 percent drop from the 36,065 pending sales in 2021.

The meteoric rise in Long Island home prices that was propelled by the pandemic-fueled buying frenzy has come back down to earth. The median price of closed home sales in Nassau last month was $652,500, down from $668,000 the previous month and the lowest median price since last March.

In Suffolk, the median price of closed home sales in December held steady at $545,000, the same as the previous month, and the lowest median price since April’s median of $540,000.

While prices have been sliding back, they remain higher than a year ago, if only barely. Nassau’s median price of closed home sales last month was just 1.2 percent higher than the $645,000 median recorded in Dec. 2021. Suffolk’s median price of closed home sales last month was 3.8 percent higher than the $525,000 median recorded in Dec. 2021.

While current mortgage rates are averaging about 6.5 percent for a 30-year fixed loan and nearly double what they were a year ago, they haven’t caused big drops in home prices because of the still-low inventory of homes for sale here.

There were 5,154 homes listed for sale with OneKey MLS—2,374 in Nassau and 2,780 in Suffolk—as of Thursday, which is down 14.4 percent from the 6,025 homes that were listed for sale at the end of November. But the current inventory is also 17.3 percent higher than the 4,394 homes that were listed for sale at the end of Dec. 2021.

“In 2023, we expect a more normally paced market without the buying frenzy prompted by the pandemic and rock-bottom mortgage rates of the previous two years,” Deirdre O’Connell, CEO of Daniel Gale Sotheby’s International Realty, said when asked about her outlook for the coming year. “With many homeowners locked into very low-rate mortgages, many are not in a rush to move, which is adding to the limited number of available homes on the market.”

Can You Get Your PHI Back?

If you had concerns about your healthcare data in the hands of your vendors, what do your contracts say in regards to getting that data back?

A recent court case required a healthcare vendor to return data to the healthcare entity.

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CommonSpirit Health hired Emerge Clinical Solutions to process and archive protected health information in 2021.

However, CommonSpirit Health began experiencing issues with the data extracts and was unable to reach anyone at Emerge Clinical Solutions.

Healthcare entities need to ensure that their vendors are reliable and often, technology companies can change ownership, structuring and more very quickly.

Because of this, it is essential to learn from situations like the one CommonSpirit Health found itself in, and make sure your contracts offer as many protections as possible.

When entering a new relationship with a vendor that will have access to your protected health information (“PHI”), consider the following:

What safeguards are they contractually required to have in place? Does your contract specify appropriate privacy and security protections? If not, you may want to revisit the contract and list out stronger requirements.
How much access will they have to PHI and are you able to remotely terminate their access? The more access and control they have, the higher your standards should be for protecting your practice’s PHI.
What do their audit logs look like? Can you see a sample audit log in advance? How often will they provide audit logs? You may want to consider what you would need from an audit and make sure they are able to provide your requests.
Are they able to assign the contract to another entity? You should be aware of the assignment provisions in any contract you enter into and if they are able to assign, know what your rights are in regards to notice and termination.
What recourse do you have if you have concerns? Are there remedies built into the contract? Are you able to get an injection? Know what your contract allows as far as Remedies.

When researching vendors, make sure that you are comfortable with the vendors, your contact personnel at the vendors, and your contract.

Make sure your business associate agreements are up to date with all vendors.

If you need help with your healthcare contracts, contact us today.

If you have questions or need help with your healthcare practice’s legal needs, contact Rickard & Associates today.

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Do you need help updating your Business Associate Agreement or negotiating contracts with third-party vendors? We can help. To contact us about your Business Associate Agreement, your vendor contracts or your other legal needs, call us today.

I am Not Rich – Do I Want an Property Plan?

Sure, an property plan protects a lot greater than wealth.

Many consumers assume they don’t want a full property plan, as a result of they don’t seem to be rich. Whereas we might advise using completely different authorized paperwork or tailor-made plans, virtually everybody can profit from a well-drafted property plan.

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Over one-half of the adults in the US shouldn’t have any property planning paperwork.

That is problematic, not just for the person’s household, but additionally for their very own needs within the occasion they develop into incapacitated.

Property planning isn’t just about cash. It permits people to plan for his or her future.

Property planning assist people create essential monetary powers of legal professional and medical powers of legal professional. These are each important paperwork within the occasion of incapacitation.

Monetary powers of legal professional permit people to nominate somebody to make their monetary and property selections on their behalf, ought to they be unable to deal with their very own affairs.

A medical energy of legal professional designates a person to make medical selections in your behalf, within the occasion you can’t communicate for your self.

Drafting these paperwork while you’re wholesome means that you can decide individuals who would act in your finest curiosity. Appointing one particular person additionally protects your loved ones members from potential disputes, within the occasion they disagree in your medical care.

Property planning additionally permits a possibility to memorialize your needs for finish of life care.

A well-drafted property plan additionally protects the property that you simply do have, comparable to a house, insurance coverage insurance policies, or a checking account.

You may as well create a private property memorandum to cross sure private gadgets to family members.

We assist our purchasers decide the property plan that works finest for them, given their property, considerations, and pursuits.

Contact us right now that will help you get the correct paperwork in place or to replace your present property plan. We are going to plan in order that you do not have to fret about your future.

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Do Cyberattacks Enhance Mortality? – Rickard & Associates

Sure, in response to a latest research.

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A latest research discovered that over 20% of healthcare organizations hit with ransomware assaults had a rise in mortality charges.

Cyberattacks and breaches proceed to be a relentless stressor on healthcare entities, endlessly.

Frequent assaults towards healthcare entities embrace:

Ransomware
Phishing
Cloud breaches
Provide chain interruption

Ransomware tends to trigger probably the most points with affected person care, as it may result in delays and longer affected person stays.

Many healthcare entities are fearful about their vulnerability within the occasion of a ransomware assault.

Whereas many healthcare entities have taken steps to handle potential areas of concern, breaches proceed to mount.

How will you shield your healthcare entity and your sufferers?

Be certain that your staff are educated. Staff are sometimes the primary to come across the breach, ransomware, or a phishing e mail rip-off. If staff are educated to reply rapidly and effectively, they will usually assist mitigate damages.

Be certain that your know-how is updated. Have a course of for rolling out safety patches and updates in order that software program and {hardware} vulnerabilities do not linger.

Understand how you’ll reply within the occasion of a breach. Anybody may be focused for a breach, however having a backup plan and catastrophe response plan is essential. Will you be capable to change to backup information, in case your entity is hit with ransomware? How lengthy will it take you to stand up and operating on backup programs?

Be sure you know the solutions to those questions and are comfy together with your response occasions.

In case you need assistance figuring out your vulnerabilities and mitigating dangers, contact Rickard & Associates immediately.

It’s important to guard your information and your sufferers now.

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Do you want assist with updating your Enterprise Affiliate Settlement or negotiating contracts with third-party distributors? We will help. To contact us about your Enterprise Affiliate Settlement, your vendor contracts or your different authorized wants, name us immediately.

How To Defend Your Apply from a Whistleblower Lawsuit

When a whistleblower go well with is introduced in opposition to an organization or apply, there have been normally many warnings that had been ignored or not handled appropriately. Many instances, wrongdoings are dropped at mild internally first.

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Typically, the worker who turns into the whistleblower tried to boost the problem internally earlier than going exterior the corporate.

There are additionally fears of retaliation by many whistleblowers. Concern of retaliation can lead an worker to report wrongdoings to an out of doors board or entity.

So how do you keep away from a whistleblower problem?

Whereas it is not possible to make sure that you’ll by no means have a whistleblower go well with in your palms, you’ll be able to take steps to ensure your staff’ issues are acknowledged.

First, ensure your staff have quite a lot of methods to boost their issues, together with an nameless choice.

As a part of your common compliance coaching, ensure your staff know of all of the methods to boost points and allow them to know that you just need them to return ahead with issues. In case your staff deliver their issues ahead, it may well allow you to enhance your apply, affected person care, and dealing relationships.

Let staff know that you just take issues critically and can absolutely examine, and the place essential, remediate issues.

Once we work with practices and firms on their compliance plans, insurance policies and procedures, or worker handbooks, we ensure to place in place strong inside reporting strategies.

Stress the significance of open communication to your staff after which observe by way of. You possibly can’t anticipate your staff to consider you, for those who do not take the time to truly pay attention and tackle issues.

Busy practices will typically have an legal professional examine and tackle worker issues, to have impartiality and legal professional consumer privilege. This additionally lets your staff know you are taking their issues critically, when an outsider is introduced in to analyze.

Having open communication together with your staff will result in higher working relationships and a greater general firm.

We all know you are busy. Subscribe to our weblog to get updates and information despatched on to your inbox!

We publish important data on well being legislation matters and information each Wednesday and Friday. To get this essential data delivered on to your mail field, subscribe at this time!

Do you want assist with updating your Enterprise Affiliate Settlement or negotiating contracts with third-party distributors? We may help. To contact us about your Enterprise Affiliate Settlement, your vendor contracts or your different authorized wants, name us at this time.