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Business Wire
3 hours ago
- Business
- Business Wire
Intellivo Appoints Gee Mehta as Chief Financial Officer
ST. LOUIS--(BUSINESS WIRE)--Intellivo, the technology leader in health plan subrogation, today announced the appointment of Gee Mehta as Chief Financial Officer. Gee joins Intellivo with more than 20 years of experience in high-growth companies. He will play a critical role as Intellivo scales in response to client demand based on its ability to deliver better financial outcomes for accident-related medical claims reimbursements. 'Gee is an outstanding addition to Intellivo's executive team. He brings the strategic clarity and operational discipline we need to take our growth to the next level and to do it with precision, integrity and impact,' said Laura Hescock, CEO, Intellivo. 'Gee will play a critical role as we continue to scale, expand our technology platform, and deepen client and partner relationships to lower healthcare costs and protect plan members.' As CFO, Gee will lead the company's financial strategy and financial operations. He will focus on scaling Intellivo's infrastructure to meet market demands, driving financial transparency and forecasting for clients, and helping guide strategic investments. Mehta's appointment underscores Intellivo's commitment to strengthening its foundation in an increasingly complex healthcare landscape. Known for aligning finance with business priorities and translating insights into outcomes, Mehta has a proven track record of enabling growth while maintaining discipline and transparency. Prior to joining Intellivo, Gee served as CFO of Aludium, a multinational, private equity-owned manufacturer and recycler of aluminum products. He previously held finance leadership roles at Compana Pet Brands, a global private equity-owned provider of pet products and logistics services. Mehta earned an MBA in Finance & International Business from Southeast Missouri State University, a BBA in Corporate Finance from the University of West London and is a Certified Management Accountant (CMA) through the Institute of Management Accountants. About Intellivo As an industry market leader in subrogation, Intellivo empowers health plans and insurers to maximize financial outcomes by identifying and pursuing more reimbursement opportunities from alternative third-party liability (TPL) payers. Through innovative technology and unmatched access to TPL data, Intellivo accelerates the identification of reimbursement opportunities while completely eliminating the need to fill information gaps through ineffective and burdensome outreach to plan members. With a 25-year history of excellence, Intellivo proudly serves the country's largest health insurers and health plans. For more information about Intellivo, please visit
Time of India
6 hours ago
- Business
- Time of India
Trump's tariffs could squeeze US factories, boost costs by up to 4.5 per cent, new analysis finds
As President Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on global supply chains, with a new analysis suggesting factory costs could increase by roughly 2 per cent to 4.5 per cent. "There's going to be a cash squeeze for a lot of these firms," said Chris Bangert-Drowns, the researcher at the Washington Centre for Equitable Growth who conducted the analysis. Explore courses from Top Institutes in Please select course: Select a Course Category Management PGDM Finance Healthcare Degree MBA Data Science others Artificial Intelligence Public Policy Operations Management Data Analytics Others Data Science Project Management Leadership Product Management Cybersecurity Design Thinking CXO Digital Marketing Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Those seemingly small changes at factories with slim profit margins, Bangert-Drowns said, "could lead to stagnation of wages, if not layoffs and closures of plants" if the costs are untenable. The analysis, released Tuesday, points to the challenges Trump might face in trying to sell his tariffs to the public as a broader political and economic win and not just as evidence his negotiating style gets other nations to back down. The success of Trump's policies ultimately depends on whether everyday Americans become wealthier and factory towns experience revivals, a goal outside economists say his Republican administration is unlikely to meet with tariffs. Live Events Trump has announced new frameworks with the European Union , Japan, the Philippines, Indonesia and Britain that would each raise the import taxes charged by the United States. He's prepared to levy tariffs against goods from dozens of other countries starting on Friday in the stated range of 15 per cent to 50 per cent. The US stock market has shown relief the tariff rates aren't as high as Trump initially threatened in April and hope for a sense of stability going forward. Trump maintains the tariff revenues will whittle down the budget deficit and help whip up domestic factory jobs, all while playing down the risks of higher prices. "We've wiped out inflation," Trump said last Friday before boarding Marine One while on his way to Scotland. But there's the possibility of backlash in the form of higher prices and slower growth once tariffs flow more fully through the world economy. A June survey by the Atlanta Federal Reserve suggested companies would on average pass half of their tariff costs onto US consumers through higher prices. Labour Department data shows America lost 14,000 manufacturing jobs after Trump rolled out his April tariffs, putting a lot of pressure as to whether a rebound starts in the June employment report coming out Friday. With new tariffs in place, there are new costs for factories The Washington Centre for Equitable Growth analysis shows how Trump's devotion to tariffs carries potential economic and political costs for his agenda. In the swing states of Michigan and Wisconsin, more than 1 in 5 jobs are in the critical sectors of manufacturing, construction, mining and oil drilling and maintenance that have high exposures to his import taxes. The artificial intelligence sector Trump last week touted as the future of the economy is dependent on imports. More than 20 per cent of the inputs for computer and electronics manufacturing are imported, so the tariffs could ultimately magnify a hefty multitrillion-dollar price tag for building out the technology in the US. The White House argues American businesses will access new markets because of the trade frameworks, saying companies will ultimately benefit as a result. "The Made in USA' label is set to resume its global dominance under President Trump," White House spokesman Kush Desai said. Still lots of uncertainty, but world economy faces a new toll There are limits to the analysis. Trump's tariff rates have been a moving target, and the analysis looks only at additional costs, not how those costs will be absorbed among foreign producers, domestic manufacturers and consumers. Also, the legal basis of the tariffs as an "emergency" act goes before a US appeals court on Thursday. Treasury Secretary Scott Bessent said in an interview last week on Fox Business Network's "Kudlow" show countries were essentially accepting the tariffs to maintain access to the US market. "Everyone is willing to pay a toll," he said. But what Bessent didn't say is US manufacturers are also paying much of that toll. "We're getting squeezed from all sides," said Justin Johnson, president of Jordan Manufacturing Co in Belding, Michigan, northeast of Grand Rapids. His grandfather founded the company in 1949. The company, which makes parts used by Amazon warehouses, auto companies and aerospace firms, has seen the price of a key raw material - steel coil - rise 5 per cent to 10 per cent this year. Trump has imposed 50 per cent tariffs on imported steel and aluminum. Jordan Manufacturing doesn't buy foreign steel. But by crippling foreign competition, Trump's tariffs have allowed domestic US steelmakers to hike prices. Johnson doesn't blame them. "There's no red-blooded capitalist who isn't going to raise his prices'' under those circumstances, he said. Trump says no inflation from tariffs, but businesses see higher prices The Trump White House insists inflation is not surfacing in the economy, issuing a report through the Council of Economic Advisers this month saying the price of imported goods fell between December of last year and this past May. "These findings contradict claims that tariffs or tariff-fears would lead to an acceleration of inflation," the report concludes. Ernie Tedeschi, director of economics at the Budget Lab at Yale University , said that the more accurate measure would be to compare the trends in import prices with themselves in the past and that the CEA's own numbers show "import prices have accelerated in recent months." The latest estimate from the Budget Lab at Yale is the tariffs would cause the average household to have USD 2,400 less than it would otherwise have. Keeping the economy on a knife's edge Josh Smith , founder and president of Montana Knife Co., called himself a Trump voter but said he sees the tariffs on foreign steel and other goods as threatening his business. For instance, Smith just ordered a USD 515,000 machine from Germany that grinds his knife blades to a sharp edge. Trump had imposed a 10 per cent tax on products from the EU that is set to rise to 15 per cent under the trade framework he announced Sunday. So Trump's tax on the machine comes to USD 77,250 - about enough for Smith to hire an entry-level worker. Smith would happily buy the bevel-grinding machines from an American supplier. But there aren't any. "There's only two companies in the world that make them, and they're both in Germany," Smith said. Then there's imported steel, which Trump is taxing at 50 per cent. Until this year, Montana Knife bought the powdered steel it needs from Crucible Industries in Syracuse, New York. But Crucible declared bankruptcy last December, and its assets were purchased by a Swedish firm, Erasteel, which moved production to Sweden. Smith beat the tariffs by buying a year's worth of the steel in advance. But starting in 2026, the specialty steel he'll be importing from Sweden is set to be hit with a 50 per cent duty. "The average American is not sitting in the position I am, looking at the numbers I am and making the decisions each day, like, Hey, we cannot hire those extra few people because we might have to pay this tariff on this steel or this tariff on this grinder,'" he said. "I want to buy more equipment and hire more people. That's what I want to do."
Business Wire
11 hours ago
- Business
- Business Wire
PCI Pal Launches Fraud Management Suite to Strengthen Contact Center Security
CHARLOTTE, N.C.--(BUSINESS WIRE)--PCI Pal ® (LON: PCIP) today announced the launch of its new Fraud Management Suite, beginning with AI-powered risk scoring for customer engagements. Designed to protect against rising card-not-present (CNP) fraud, the new capability delivers real-time risk insights to agents and AI bots before a payment is collected — reducing chargebacks and revenue loss without adding friction to the customer experience. 'AI is transforming how we approach security — not just in detecting fraud, but in anticipating it." Share CNP fraud remains one of the most costly threats for global businesses. While e-commerce channels benefit from tools like 3D Secure and biometric authentication, the voice channel — still central to many contact centers — has lacked equivalent protection. PCI Pal is closing that gap with a platform-led approach that combines security, compliance, and usability. 'This is the first step in a multi-product journey to deliver continuous value to our customers and partners,' said Alessandro Dalla Volta, VP of Product at PCI Pal. 'By embedding risk scoring into our Secure Payments Suite via an intuitive agent interface and a single API, we're giving contact centers powerful tools to detect fraud early and authenticate their customers seamlessly — across agents and bots using digital channels as needed.' A Smarter Way to Fight Fraud The new Fraud Management Suite helps organizations respond to evolving threats with: Real-time AI-powered risk scoring leveraging technology for early fraud detection in partnership with Telesign, a Proximus Global company Adaptive authentication, including 3D Secure and biometric wallet support Advanced analytics and chargeback defense tools Built for the Modern Contact Center 'AI is transforming how we approach security — not just in detecting fraud, but in anticipating it,' said Mufti Monim, CTO of PCI Pal. 'This launch lays the groundwork for a more intelligent and adaptive platform, that secures payments across all channels while enhancing both customer and agent experiences. It's the first step in a broader roadmap to unify fraud prevention, compliance, and customer experience into one seamless, scalable platform.' Availability AI-powered risk scoring is now available as part of the PCI Pal platform. Learn more at About PCI Pal PCI Pal ® (LON: PCIP) is a leading provider of secure payment solutions for business communications. PCI Pal's mission is to safeguard reputations and trust by securing payments wherever customer engagement occurs. With its patented, cloud-based platform, PCI Pal enables organizations to take secure payments via voice, chat, email, and social, while ensuring compliance with industry standards such as PCI DSS. For more information, visit
Time of India
16 hours ago
- Business
- Time of India
Brigade Hotel Ventures IPO: Allotment status likely today, here's how to check
The allotment status of Brigade Hotel Ventures IPO is likely to be finalized today following the conclusion of bidding on July 28. The Rs 760 crore issue received an overall subscription of 4.48 times, with retail investors leading the charge, subscribing their quota 6.4 times. Qualified institutional buyers (QIBs) bid 5.42 times their reserved portion, while non-institutional investors (NIIs) subscribed 1.92 times. The shareholder category saw a decent response at 3.28 times, but the employee segment remained undersubscribed at 0.94x. Explore courses from Top Institutes in Please select course: Select a Course Category Management Public Policy healthcare Artificial Intelligence Data Analytics Others Operations Management CXO MCA Leadership Design Thinking Project Management PGDM Finance Degree Digital Marketing Product Management MBA Data Science Data Science others Cybersecurity Healthcare Technology Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details The IPO comprised a fresh issue of 8.44 crore shares in the price band of Rs 85-90, with a minimum application size of 166 shares (Rs 14,940 at the upper end). The registrar for the IPO is KFin Technologies , and the company is scheduled to list on the BSE and NSE on July 31. How to check Brigade Hotel Ventures IPO allotment status Registrar Website ( ) Select 'Brigade Hotel Ventures IPO' from the dropdown Enter PAN, Application Number, or DP Client ID Click on 'Submit' to view the status BSE Website ( ) Select 'Equity', choose the issue name, and enter application details Investors who are allotted shares will see credits in their demat accounts by July 30. Refunds for unsuccessful applicants will also be processed by then. About the Company Brigade Hotel is a wholly-owned subsidiary of Brigade Enterprises , operating a portfolio of nine premium hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. These are operated under global hospitality brands including Marriott, Accor, and IHG. Despite a 16% revenue growth in FY25 to Rs 471 crore, net profit declined 24% to Rs 23.66 crore, reflecting higher costs and operational expansion. GMP for the IPO currently stands at zero, indicating a flat listing is expected. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
18 hours ago
- Time of India
Gunfire erupts in Midtown Manhattan: NYPD officer and civilian wounded, suspect dead
A shooting incident in Midtown Manhattan on Monday has left an NYPD officer and a civilian wounded, while the suspect is confirmed dead. The event took place outside 345 Park Avenue , home to Blackstone and the NFL headquarters, leading to a lockdown of the building and surrounding area as the investigation continues. According to police sources, the suspect opened fire on the street near East 52nd Street and Park Avenue, shooting an NYPD officer and a civilian. Following the shootings, the suspect fled into the Blackstone building, where he was later found dead on the 33rd floor from a self-inflicted gunshot wound. Explore courses from Top Institutes in Please select course: Select a Course Category Management PGDM MBA Project Management Healthcare others Digital Marketing Technology Leadership Others Data Analytics Public Policy Product Management Data Science Degree Finance Artificial Intelligence healthcare Operations Management MCA Cybersecurity CXO Design Thinking Data Science Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Officials have not immediately released the conditions of the victims. The NYPD has urged the public to avoid East 52nd Street between Park Avenue and Lexington Avenue due to ongoing police activity and investigation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like We Have No Words For Dog The Bounty Hunter's Transformation Cash Roadster Undo The area around the Blackstone building has been placed on lockdown, with a significant police presence, including NYPD officers in protective gear. A shelter-in-place order was issued, and emergency services responded swiftly to the scene. The NYPD cautioned residents and commuters to expect traffic delays and avoid the vicinity for safety reasons. Live Events No further details have been provided. The investigation is ongoing.
