health.wealth.life. Spring 2017

™

Spring 2017

health. wealth. life.

Ex p e

r ti s e

Thought L

•

d ea

er shi p

• Innov

n o i at

In Pursuit of What Matters Most.

contents 3

A Letter from Terry Horan, President & CEO

EDUC AT ION

4

The New Administration’s Key Initiatives: How They Will Affect Taxes, Investments and Major Policies & Legislation

8

Q&A With The Washington Update’s Andy Friedman

9

Dayton Business Journal’s 2017 Economic Summit

12 13 14

April 5

HORAN Health Management Symposium - Cincinnati

April 6

HORAN Health Management Symposium - Dayton

May 10 COMMUNIT Y

10 11

HOR AN EDUCATION SERIES

HORAN Health Care Summit - Northern Kentucky

HORAN Creates New Executive Leadership Positions To Support Rapid Growth HORAN in the Community

WELLNESS WORKS HORAN to Host Health Management Symposiums to Reveal 2017 Survey Results Q&A with Joe Piscatella, Keynote Speaker at HORAN Health Management Symposium

CL IEN T FE AT URE Client Spotlight: VonLehman & Company

Please join us in welcoming our new corporate clients!

- B.L. Spille Construction, Inc. - Heritage Bank - Production Control Units, Inc.

- ScrogginsGrear - Transitional Living, Inc. - Wright State Physicians, Inc.

Look for us online!

Cover: The image on the front cover represents Thomas Edison who is often described as America’s greatest inventor. Aside from electric light, Edison holds 1,093 US patents and his inventions include: the electric light bulb, sound recording, power utilities and the motion picture camera to name a few. Edison is known around the world for his thought leadership, innovation and expertise. HORAN strives to provide thought leadership, innovation and expertise in the work we do for our clients and the community.

health. wealth. life.

Visit the HORAN Newsroom at www.horanassoc.com to view the online version of health.wealth.life. |2|

In Pursuit of What Matters Most.

I hope you enjoy this quarter’s magazine as much as we did putting it together. The light bulb on the magazine cover is in reference to Thomas Edison and his relentless pursuit of innovation to improve the life of mankind. I really like one of his most famous quotes, “We often miss opportunity because it’s dressed in overalls and looks like work!”

This quarter we have four great interviews that deserve your attention: •

A roundtable with our HORAN experts on how to navigate potential tax code reform, changes to the Affordable Care Act and other legislation as well as how these initiatives could impact the investment climate.

•

An overview of the panelists’ responses from the Dayton Business Journal’s 2017 Economic Summit.

•

An interview with Andy Friedman, founder of “The Washington Update,” in which he provides his bipartisan perspective on today’s political landscape.

•

And finally, a Q&A with Joe Piscatella, a nationally recognized best-selling author whose work has been featured on PBS and WebMD, about his concepts for healthy living. He will be the keynote speaker at our Heath Management Symposium on April 5 in Cincinnati. Our Dayton Health Management Symposium on April 6 will feature Teri Wilson, Employees First Wellness Program Manager at CareSource. Teri has spoken at regional, national and international conferences and has more than 30 years of experience in the health care field.

We spotlight a wonderful Northern Kentucky client and friend this month, VonLehman & Company, who celebrates their 70th anniversary. Given that HORAN celebrates its 70th anniversary next year, we honor all that VonLehman & Company has done to facilitate regional growth and viability.

We also want to recognize our client the Cincinnati/Northern Kentucky International Airport for their fine work in expanding flight offerings, reducing overall ticket pricing and creating a partnership with Amazon to bring many new jobs to the region. We placed a full page thank you dedicated to Candace McGraw, her team and the airport board in the Cincinnati Business Courier. You can see a copy of it on the back cover of this magazine.

HORAN continues to find ways to provide thought leadership for our clients so that they can lead more productive and abundant lives. We also strive to provide expertise and innovation in the work we do each day for you. Thank you for your continued business and confidence.

Most sincerely,

Terence L. Horan, CLU, ChFC President & CEO of HORAN TerryH@horanassoc.com

| 3 |

A letter from Terry Horan

™

education HORAN EXPERT ROUNDTABLE

The New Administration’s Key Initiatives How They Will Affect Taxes, Investments and Major Policies & Legislation PATIENT PROTECTION AND AFFORDABLE CARE ACT • TAX REFORM • MEDICARE NEW FIDUCIARY RULE • ECONOMIC OUTLOOK • SOCIAL SECURITY

Valerie Bogdan-Powers Chief Business Development & Client Relations Officer

Michael Napier, CFP®

Vice President, HORAN Wealth

Greg Hoernschemeyer, CLU Senior Vice President

Paul Carl

Vice President, HORAN Retirement Advisors

Todd Poellein, CFA

Senior Portfolio Manager, HORAN Capital Advisors

Chris Mihin, CBC

Individual Health & Medicare Practice Leader

The article was prepared as of March 7, 2017. Congressional action is ongoing.

Please visit horanassoc.com or contact your HORAN representative for questions regarding the most current information.

health. wealth. life.

|4 |

™

PATIENT PROTECTION AND AFFORDABLE CARE ACT On January 12, the Senate passed a resolution for a reconciliation bill as their first step in the repeal and replace process and on March 6, two House committees proposed legislation to take steps to repeal and replace key pieces of the ACA. Why is Congress moving forward through reconciliation?

Valerie Bogdan-Powers (VBP): Utilizing reconciliation provides the legislative tools necessary to repeal significant parts of the Affordable Care Act (ACA) without requiring Republicans to have a 60-vote super majority in the Senate to overcome potential filibuster. Budget reconciliation proposals only require a simple majority vote. Proposals are currently under review in the House Ways and Means and Energy and Commerce committees.

What do the executive order, Minimizing the Economic Burden of the Patient Protection and Affordable Care Act, and House proposals mean exactly?

VBP: This executive order and corresponding House proposals are intended to ease economic burdens caused by the ACA through reducing national spending and the deficit. Proposed legislation aims to do that by chipping away at the portions of the ACA that directly impact taxes and spending. The proposed financial impacts are currently unclear because the Congressional Budget Office has not yet assessed the budget impact.

What

does

this

mean

for

employers?

VBP: Cautious employers should continue to comply with ACA regulations until legislation indicating otherwise is actually passed. The current proposals do not eliminate the need for employers to provide reporting under ACA rules; however, the method may change in the future. Items of interest to employers and their employees include: repeal of the Employer and Individual Mandates, repeal of health care flexible spending account limits, increases in health savings account contributions, tax favored status for over the counter medications, further delay of Cadillac Tax and continuation of market reform provisions like the elimination of pre-existing condition provisions and coverage for dependent children to age 26.

What’s next?

VBP: This is just the initial step in the process. Expect revisions and expect them to occur quickly. There is pressure on the Republican Party to take action quickly because health insurers need to decide what plans they will offer for 2018 this spring.

Both Committees intend to markup the legislation quickly, make revisions, prepare a unified presentation, and put the legislation before the entire House of Representatives - all before their spring break. Once proposed legislation moves through the House, it will then be forwarded to the Senate.

for Committee. Party support in states like Ohio, Kentucky, West Virginia, Colorado, Arkansas, Utah and Texas remains in question as party members continue to express concern, noting the importance of doing things right.

For now, the ACA remains and employers should continue to comply with its requirements. Stay tuned and follow HORAN’s Health Benefits Compliance blog for updates (www.horanassoc.com/health-compliance/blog). HORAN will continue to monitor and proactively report any regulatory changes impacting the employee benefits industry.

TAX REFORM Do you see changes occurring to estate and gift tax limits?

Greg Hoernschemeyer (GH): With Republicans controlling Congress as well as the White House, I believe it is reasonable to expect significant overhaul of the current tax regime, including estate and gift tax. The current US transfer tax system affects very few (typically very wealthy) voters. In 2014, only 11,391 US estate tax returns were filed. Under current federal estate tax law (2017 limits), each individual taxpayer is permitted a $5.49 million exclusion amount ($10.98 million for married couple).

The current maximum estate tax rate is 40% on estates in excess of the exclusion amount.

President Trump’s campaign plan was to eliminate the estate tax and replace it with deemed realization of capital gain in excess of $10 million. The House Republican leadership proposal is to eliminate the estate and generation skipping transfer taxes and impose capital gains tax on beneficiaries when disposing of property inherited from a decedent.

What else should our clients be aware of?

GH: Our clients should be aware of the potential for an overhaul of the current income tax system. At this point there is much speculation as to what this may look like, however the Trump campaign plan mentioned significant changes to the current system. President Trump and Congressional Republicans agree that there should be lower rates and a broader taxable income base. However, they have yet to flush out other significant details. For example, there was much talk during the campaign to reduce the number of income tax brackets from seven to three. At this stage, it is all speculation; however, historically major tax legislation has been enacted during the summer months of many presidents’ first term in office.

ECONOMIC OUTLOOK How will tax reform affect the economy?

Todd Poellein (TP): It appears likely that some type of tax reform could be passed this year as Republicans control Washington. Both corporate and individual tax reform should result in increased economic growth. The most significant long-term benefit may come from corporate tax reform, which has broad bipartisan support.

Continue reading on page 6

| 5|

education A repatriation holiday, one of President Trump’s campaign proposals, could be included as part of corporate tax reform. He has proposed a one-time tax rate of 10% to allow US companies to bring home portions of the estimated $2.5 trillion in corporate cash held overseas, which could be used to hire employees and/or invest in new resources.

The tax revenues from repatriated funds could also be used to fund infrastructure spending, one of the President’s campaign promises. Let’s not forget that individual tax rates will likely drop as part of tax reform.

Consumers with more disposable income should drive economic growth as consumer spending represents 70% of US GDP.

How has the market performed since Trump was elected?

TP: Despite an overnight election sell-off, domestic equity markets have produced strong returns since the election. For example, the S&P 500 is up over 10% since November 8. During this advance, we have seen a significant sector rotation within the market. In early 2016, defensive sectors such as utilities and consumer staples led the market due to concerns over global growth.

Since the election there has been a large shift to more economically sensitive sectors like financials and industrials, which could indicate increased market confidence in the near-term. After taking a pause from midDecember to the inauguration, the equity markets have since climbed higher on better

believe 2017 can be another profitable year for equity investors. Led by the consumer and services segments, the US economy finished 2016 on solid footing as evidenced by the Federal Reserve’s decision to raise interest rates in December. The recent jobs’ report and retail sales numbers continue to point to a healthy consumer.

“After taking a pause from mid-December to the inauguration, the equity markets have since climbed higher on better than expected earnings reports as well as the prospect of tax reform in 2017.

-

Todd Poellein, Senior Portfolio Manager - HORAN Capital Advisors

than expected earnings reports as well as the prospect of tax reform in 2017.

What are your predictions for the market for the rest of the year?

TP: Supported by data and improving corporate earnings, we remain optimistic and

health. wealth. life.

We have seen a marked improvement in sentiment measures for consumers and businesses since the election. In fact, the 7.4 point improvement in the NFIB Small Business Optimism Index for December was the largest increase in history. The survey data for the manufacturing side of the

global economy has also been improving, a trend that began even prior to the election.

The rebound in corporate earnings growth provides further support for the market this year. Clearly, many things could derail this market rally, nonetheless, we feel optimistic about the longer-term market fundamentals.

What else should our clients be aware of?

TP: We believe investors should be prepared for lower future returns from fixed income investments. After reaching a cycle low of 1.32% last July, the 10-year yield began to move higher on signs of improving growth and anticipated rate hikes from the Federal Reserve. The trend accelerated following the election given expectations that the President’s policies would generate stronger growth and higher inflation. Although we don’t expect a rapid increase in rates, we do believe rates will trend higher on economic momentum and as the Federal Reserve works to normalize interest rate policy.

|6 |

™

with retirement accounts were subject to “suitability standards”. The DOL believes these standards could give rise to conflicts of interest between the client and advisor, without the legal advisor’s obligation to put their client’s interest ahead of their own.

What is the current status of this ruling?

PC: The status remains unchanged for now and the new Fiduciary Rule is set to take effect on April 10, 2017. However, President Trump directed the DOL in February to carry out an economic and legal analysis of the Fiduciary Rule’s potential impact, citing a concern over the possible significant alteration of the manner in which Americans can receive financial advice.

INDIVIDUAL HEALTH & MEDICARE What changes should we expect for individual health insurance?

SOCIAL SECURITY

THE FIDUCIARY RULE

What changes should we expect for Social Security?

What is the new Fiduciary Rule and what does it entail?

Michael Napier (MN): Social Security was arguably one of the biggest issues on the minds of retirees and pre-retirees heading into the 2016 Election.

According to the 2016 Social Security Board of Trustees report, the Social Security Trust Fund currently holds more than $2.8 trillion in assets. The account is estimated to be depleted by the year 2034.

President Trump’s campaign made little mention of Social Security prior to his election. When it was addressed, he called for changes to the corporate and individual tax laws which would in turn raise the economic growth rate and, therefore, increase the amount of tax revenue collected for Social Security.

Paul Carl (PC): The Department of Labor (DOL) adopted new regulations in April 2016 redefining standards within the context of the Employee Retirement Income Security Act. The “Conflict of Interest Rule Retirement Investment Advice” commonly known as the Fiduciary Rule, includes an initial effective date of April 10, 2017, with full implementation effective January 1, 2018.

The Rule requires that advisors who work with retirement accounts act in the best interest of clients and place their clients’ interest above their own. It also requires fully transparent fee and commission disclosures.

Previously, only advisors who exercised discretionary authority or discretionary control for compensation were considered fiduciaries. All other advisors working

Chris Mihin (CM): It’s too early to tell but some things that are being discussed include: • The Trump Administration is taking aim at discarding the Individual Mandate, the penalty one pays for not having Minimal Essential Coverage.

• Individuals may be impacted by a proposal to allow insurers to charge a 30%premium increase to individuals who have had a break in insurance coverage of 63 days or more • Possible proposal to sell individual health policies across state lines.

What changes should we expect for Medicare in the next four years?

CM: Proposals being discussed include: • Raising the Medicare eligibility age.

• Generating new revenue by raising the premium tax rate.

• Restructuring of MediGap/Medicare Supplement plans in 2020.

• Increasing Medicare premiums for everyone, not just higher income beneficiaries.

• Increasing penalties for Medicare Fraud.

• Reducing Part D Coverage Gap so that a Medicare beneficiary will pay no more than 25% in the Coverage Gap by 2020.

|7 |

education Andy Friedman is one of the nation’s most sought-after speakers on all things political.

An expert on political affairs, Andy is known for predicting the outcomes of Washington tax and fiscal deliberations and providing financial advisors and investors with strategies to consider in light of the political landscape.

Andy spoke in front of an audience of HORAN clients and friends of the firm on February 22, 2017. He took the time to sit down with us prior to the presentation to provide his bipartisan perspective on today’s political landscape.

What are some of President Trump’s proposed fiscal policies?

AF: President Trump views his responsibility as protecting American businesses and American jobs.

He has talked various times about imposing tariffs on goods entering the US—essentially, a tax on imported goods. Also, the tax reform proposal that the House is considering would harm imports and help exports through the tax code. President Trump is trying to level the playing field and make sure US businesses are protected.

What can we expect in regards to the Affordable Care Act (ACA)?

AF: In order to pass most legislation, you need 60 votes under the Senate filibuster rules. Republicans don’t have the 60 votes they would need to repeal the ACA. They could pull out the financial underpinnings from the ACA because there is an exception to the filibuster rule called reconciliation that allows tax and fiscal legislation to pass with 51 votes. I expect they will try to do that; but then what happens? The Republicans, as of yet, do not have a replacement plan. The thought is that they will pull out these underpinnings but that would have a two year deferred effect to let the Republicans come up with a replacement plan. Democrats have already said they won’t support anything the Republicans come up with. It is very unclear what will happen.

Q&A

What do you see happening with tax reform?

AF: I think we are going to see tax reform. There is a real desire to get it done. The question is, how do you make tax reform close to revenue neutral so it doesn’t lose too much money for the government? Reducing tax rates also reduces government revenue, so they will have to make it up by curtailing and eliminating deductions and exemptions. It will be a challenge to raise enough revenue. But I do think it will happen this year; I think we will see tax reform.

health. wealth. life.

WITH ANDY FRIEDMAN

|8 |

™

Dayton Business Journal Economic Summit The Dayton Business Journal hosted its annual Economic Summit gathering business leaders around the region to have a conversation about the economic environment. The panelists focused on the opportunities and challenges for business leaders in the Greater Dayton region.

The panel included Jeff Hoagland, President and CEO of the Dayton Development Coalition; Michael Colbert, Assistant County Administrator of Development Services at Montgomery County; Thomas Traynor, Associate Dean and Professor of Economics at Wright State University; and Mark Fornes, Developer and Founder of Mark Fornes Realty. HORAN was proud to sponsor the event which was held on January 26, 2017, at Sinclair Community College.

Colbert discussed Dayton’s commitment and efforts to assist area residents. According to Colbert, Montgomery County’s four key focus areas for development include: attraction (making Dayton an attractive location for national and international companies), developing the workforce, retention and small business. The convergence of these four focus areas is the Montgomery County Business Solutions Center. The Center, which opened in the summer of 2016, was designed to be a one-stop shop to help companies start, grow and move into the county.

Montgomery County partnered with the Dayton Area Chamber of Commerce, Ohio Means Jobs, Sinclair Community College, Wright State University, Business First! and the Miami Valley Career Technology Center to provide the Dayton workforce with information, education and resources.

The panelists agreed that one of the challenges for businesses this year was uncertainty caused by the presidential election. However, Hoagland commented that there wasn’t much of a slowdown in job creation (3,600 new jobs in 2016 up from 3,400 in 2015). Another challenge for area businesses, particularly retailers both large and small, is the continued growth of e-commerce.

Fornes said that in 2006 Amazon’s sales were at $17 billion while Walmart’s sales were at $216 billion. In 2016, Amazon’s sales rose to $350 billion surpassing Walmart’s revenue which was at $219 billion.

While retail becomes a challenging sector for growth, opportunities are emerging for other industries. Traynor forecasts growth will continue in trade, transportation, leisure services and health care. Traynor said that bulk of the health care sector’s growth is driven by demographics and an aging population.

The Summit panelists agreed that the Greater Dayton community has done a good job of working together to continue to develop its workforce, creating a stable environment for new businesses and attracting other companies to the area.

The Summit panelists agreed that the Greater Dayton community has done a good job of working together to continue to develop its workforce, creating a stable environment for new businesses and attracting other companies to the area.

| 9|

community HORAN CREATES NEW EXECUTIVE LEADERSHIP POSITIONS TO SUPPORT RAPID GROWTH & EXPANSION Valerie Bogdan-Powers and Keith A. Cheesman Named to New Leadership Roles HORAN announced the creation of two new senior level positions to support rapid growth and expansion in January 2017. Valerie BogdanPowers was promoted to Chief Business Development & Client Relations Officer for HORAN’s Health Benefits Department and Keith Cheesman was appointed to Chief Operating Officer for HORAN Securities. Both positions will support the firm’s accelerated growth and market expansion.

Valerie Bogdan-Powers

Keith Cheesman

Over 250,000 individuals depend on HORAN for their health, wealth and life needs. HORAN is one of the five largest employee benefit firms in Ohio and among the top 20 largest money management firms in the Tri-State area based on more than $1.8 billion in financial assets under management and advisement, collectively. The firm has achieved double digit growth over the past five years and has grown from 67 employees in 2009 to 140 employees in 2017.

“HORAN has had an exceptional five years in terms of growth. With expansion into the Northern Kentucky and Columbus markets, and doubling our service and salesforce in Dayton, we continue to grow our footprint as one of the top benefits providers and wealth management firms in the region,” said Terence L. Horan, CLU, ChFC, President & CEO of HORAN. “With Valerie and Keith in new leadership roles, I am confident that we will continue to see accelerated growth.”

Valerie Bogdan-Powers joined the firm in 2010 and leads HORAN’s Health Benefits Department to deliver customized solutions, proficiency and education for clients. She is responsible for client relations and new business development. Valerie came to HORAN with 20 years in sales and marketing at Procter & Gamble. Her experience in the pharmaceutical division provided comprehensive understanding of the innerworkings of the health care system, including

health. wealth. life.

extensive collaboration with physicians, carriers and consumers.

“HORAN is the leader in this region in developing innovative solutions for clients. From HORANalytics® and HORAN Health Management Way® to our compliance experts and dedicated account managers, we continue to work to provide a holistic approach to navigating every aspect of health care. I am excited to be able to lead a passionate team dedicated to partnering with our clients to achieve their goals,” said Bogdan-Powers.

Keith Cheesman, a certified public accountant, is responsible for overseeing HORAN Securities including HORAN Wealth, HORAN Retirement Advisors and Financial Planning, as well as Life & Disability. Keith has more than 35 years of experience with various companies in a broad array of industries and has served as CFO of public and privately traded companies. Keith has a proven track record in strategy development & execution, working across disciplines to help develop profitable growth strategies; professional team recruitment and retention & development.

“Keith comes to HORAN after being a client with two separate companies. Through his leadership and unique perspective of the value HORAN brings to each client, HORAN Securities will be better positioned to help more clients receive the best financial outcomes possible now, and well into the future,” said Horan.

“I have experienced first-hand HORAN’s strong commitment to its clients. I am looking forward to providing leadership and guidance so we can continue to be the most trusted advisor for our clients as we help them meet their retirement goals and lead more productive and abundant lives,” said Cheesman.

| 10 |

™

HORAN IN THE COMMUNITY Healthy Ohio Business Council Recognizes HORAN with the Healthy Ohio Healthy Worksite Silver Award The Healthy Ohio Business Council (HOBC) recognized 88 Ohio employers for healthy worksite practices during the 13th Annual Healthy Ohio Healthy Worksite Awards ceremony held on January 19, 2017.

HORAN received the 2016 Healthy Ohio Healthy Worksite Silver Award. This is the second consecutive year HORAN has received the silver award. In 2014, HORAN was recognized as a bronze award recipient.

The Healthy Worksite Awards recognize Ohio employers who demonstrate a commitment to employee wellness through comprehensive worksite health promotion and wellness programs. Applicants are scored on the extent their wellness programs facilitate and encourage employee health, enhance productivity and ensure a healthy work environment.

Chris Mihin Provides Medicare Education to Cincinnati Children’s Hospital Employees Chris Mihin, HORAN’s Individual Health & Medicare Practice Leader, led a seminar to educate Cincinnati Children’s Hospital employees about Medicare on January 19, 2017. Chris discussed topics including the history of Medicare, the three groups of people who qualify for Medicare as well as the four parts of Medicare available. If you have questions relating to Medicare, contact Chris Mihin at 800.544.8306.

HORAN Presents Check for All For One Golf Classic Fundraiser to Xavier University HORAN believes we have a responsibility to serve our region as a good corporate citizen. In support of this effort, HORAN employees and their families gathered on January 22, 2017, to present the Xavier Athletic Department with $15,000 for the All for One (AFO) Golf Classic. The AFO Golf Classic is the leading fundraiser for the Xavier Athletic Department. This year’s golf outing will take place on August 14, 2017.

| 11 |

wellness works HORAN to Host Health Management Symposiums to Reveal 2017 Survey Results Events to Feature Nationally Recognized Keynote Speakers Based on the tremendous success of the inaugural HORAN Health Management Best Practices Survey, HORAN conducted the second edition earlier this year.

This year’s survey yielded a 40% increase in response rate (compared to 2016), and uncovered new findings that will impact how employers should plan, implement and measure the success of their wellness programs. More than 150 organizations, spanning 13 industries and representing over 110,000 employees participated in the 2017 survey.

The survey’s purpose was to evaluate wellness programs to quantify their impact on renewal trends, population health and other workforce metrics as well as measure the yearover-year results for comparative analysis. Additionally, the survey identified critical success factors, best practices and innovative solutions for advanced wellness programs.

Key findings from the second edition of the Health Management Best Practices Survey surpassed the themes from the inaugural survey in terms of depth and scope. For example, one of the areas this year’s survey focused more on was employee engagement incentives.

data can be applied to employer wellness programs. The survey is being offered on two different dates and times.

HORAN will offer the symposium in Cincinnati on Wednesday, April 5, from 8:30 a.m. to 11:30 a.m. at Xavier University’s Cintas Center and in Dayton on Thursday, April 6, from 11:30 a.m. to 2:30 p.m. at the Dayton Racquet Club.

Joe Piscatella, one of the country’s most respected experts on how to live a healthy lifestyle, will kick off the Cincinnati symposium as the keynote guest speaker. He is the author of 16 best-selling books, host of three PBS television specials, a “guest speaker” on WebMD and a member of the NIH Expert Panel on Cardiac Rehabilitation. You can read more about Joe on the next page.

The keynote speaker in Dayton is Teri Nikolai Wilson, Employees First Wellness Program Manager at CareSource, which is a nationally-recognized nonprofit health plan headquartered in Dayton. Teri has 30 years’ experience in the health care field. She is the author and co-author of several peer-reviewed publications related to smoking cessation and respiratory care and has presented at regional, national and international conferences.

HORAN will host two Health Management Symposiums in early April to share the survey results and how this year’s

Both sessions are being offered free of charge and have been approved to provide 2.5 hours of HRCI continuing education credits. For more information about the HORAN Health Management Best Practices Symposiums visit www.horanassoc.com/education/seminars or contact Chris Huggard, HORAN’s Education & Events Manager, at 513.587.2735.

health. wealth. life.

| 12 |

™

Q: How did you get into the health and wellness field?

I went through bypass surgery when I was 32 years old. One day I was playing tennis and I got a little pulling sensation in the middle of my chest, and I didn’t pay any attention to it. I played tennis for 30 consecutive days after that and on day 30 I had more pain and a shortness of breath. I went to see my doctor, where I had been four months earlier for a complete physical which had been perfect. Two days later I was in bypass surgery for a 95% blockage of the left main coronary artery. My children were six and four; my wife and I had been married less than 10 years and my business was three years old. We didn’t know what hit us.

A major university in the Seattle area was opening up a lipid clinic, one of only five in the country. I went through the testing and met with a well-known physician at the clinic. The doctor looked me in the eye and said, “You’re 32 years old, you have aggressive coronary disease; frankly we don’t think you’ll live to be 40. If you think you’re going to see those kids in the waiting room graduate from high school, it’s not going to happen.” After that, my wife said, I don’t care what that doctor said. We are going to eat better, exercise more, stay away from cigarette smoke and manage our stress. I am now almost 40 years post-bypass surgery. We aren’t waiting until something happens; we’re getting out in front of it with wellness and prevention.

INTERVIEW WITH

Joe Piscatella Joe Piscatella is a nationally recognized best-selling author whose work has been featured on PBS and WebMD. Joe will be the keynote speaker at HORAN’s Health Management Symposium in Cincinnati on April 5 at Xavier University’s Cintas Center.

Q: Why Does Wellness Matter?

It’s all about quality of life. I have been trying to promote a message that says don’t just look at longevity; longevity is just how long you are going to live. Look at health span, which is the number of healthy years you have.

Q: What is the key to motivating people to want to live a healthier lifestyle?

I think it is family. I can tell you that even at age 32 it was very discouraging for me to go through that surgery and all of the rehab that went with it. I was looking at kids that were four and six thinking how do I pay for their education?

Q: What is your approach to improving health and wellness in your “6 Weeks to a Healthier You” program?

“6 Weeks to a Healthier You” is an interesting program. It takes place on the same night for six consecutive weeks. We do different topics: healthy eating, effective exercise, stress management, healthy cooking classes, raising fit kids in a fast world, etc.

There are lectures, demonstrations and activities. We do biometric measurements going in and coming out to see what changes have been made including weight, BMI, blood pressure and glucose. We do the biometric measures again at six months. That really tells us if people have done this the right way. It has been a very successful program.

Q: What tips do you give someone who wants to lead a healthier lifestyle?

This is a three-legged tool: diet, exercise and stress. So if you are making small steps progressing, you are really able to pull them all together.

1.

There is plenty of information about diet and exercise and stress management, so you don’t have to rediscover fire; you just have to retain some of the information.

2. Start with movement. If you start with walking 45 minutes a day or every other day, do that for a couple weeks, there is such a feeling of success and you are motivated at that point.

3. Introduce a diet and healthy eating now that you are working from a platform of success from exercise.

4. Overlay movement and healthy eating with stress management.

| 13 |

client feature

HWL • CLIENT FEATURE

Client Spotlight: VonLehman & Company

Putting Clients, Employees and the Community First for 70 Years Joe VonLehman Sr. founded VonLehman & Company in 1946 with one goal in mind—to provide for his family. Today, the company Joe founded 70 years ago is one of the largest accounting and advisory firms in the Greater Cincinnati area.

Joe was a one-man shop for his first 15 to 20 years in business. Over the years three of his seven children played a significant role in the firm. Joe VonLehman Jr., Mal VonLehman and Andrew VonLehman each served as president and CEO continuing succession as the second, third and fourth generation of leadership, respectively.

Andrew was elected president in 1994 and served in this role for 15 years.

He joined VonLehman in 1975 after graduating from Thomas More College.

Currently, Andrew still has a strong presence within the company, serving as one of VonLehman’s shareholders.

health. wealth. life.

“My father strongly believed there was a right way to do things. We have tried to hold on to that simple value as the cornerstone of our culture,” said VonLehman. “Doing it the right way is not always the easiest, but always pays dividends in the long run. I think that value is still very present throughout the organization.”

VonLehman celebrated their 70th anniversary last year. Brian Malthouse, President & CEO of VonLehman since 2009, attributes the firm’s success to three key factors: clients, employees and culture.

“We want to be the firm of choice for our clients as well as our employees. We want our employees to stay with us for the long term. Providing them with a competitive benefits package is a very important part of total compensation,” said Malthouse.

VonLehman makes a continuous effort to ensure their benefits package is a differentiator for attracting and retaining employees. The leadership team also works to help educate employees on their benefit options to help individuals select the plan that best fits their needs.

“Many of our employees stay here for a very long time, so they don’t have a lot of information to evaluate our benefit offerings. Some of them have never worked anywhere else,” said Patty Kautz, Chief Operating Officer at VonLehman.

“HORAN has helped us gather and analyze data to benchmark our benefits against other companies. Additionally, they have really helped us share the quality and value of our benefit offerings with our employees.”

| 14 |

™

A competitive employee benefits package is just one way VonLehman invests in their employees. The firm also provides cutting-edge technology and resources, internal growth opportunities and stateof-the-art workplace facilities.

This December, VonLehman moved their corporate headquarters’ location to Fort Wright, Kentucky.

The four-year relocation process was an effort to merge two of the office locations together, with the goal of promoting collaboration.

VonLehman now has three locations: the new corporate headquarters in Fort Wright, an office at the Kenwood Collection located in Cincinnati and an office in Indianapolis.

“It was absolutely the right decision and the perfect location. The firm was founded 70 years ago in Northern Kentucky. We wanted to stick to our roots,” said VonLehman.

Pictured (left to right): Brian Malthouse, current President & CEO; Patty Kautz, Chief Operating Officer; Andrew VonLehman, past president & CEO from (1994 to 2004) and shareholder (current).

The Fort Wright corporate headquarters provides space for the firm’s 100 local employees and allows opportunity for continued growth and expansion.

“When you walk into this space you probably think this doesn’t look like a

typical CPA firm. We don’t want to be your typical CPA firm. We want to be far more than that,” said Malthouse. “It’s our entrepreneurial spirit that sets us apart.

We are constantly thinking about how we can provide value to our clients and invest in our employees and the community.”

Erik Freudenberg HORAN Relationship Manager for VonLehman & Company

Kristen Pond HORAN Account Manager for VonLehman & Company

| 15 |

™

PRESORTED STANDARD US POSTAGE PAID CINCINNATI OH PERMIT # 8093

4990 East Galbraith Road Cincinnati, Ohio 45236

A Special Salute to CVG

Soaring to New Heights

HORAN salutes the Cincinnati/Northern Kentucky International Airport for its outstanding progress and 70-year commitment to the community.

Under the leadership of Candace McGraw, Chief Executive Officer of CVG, and the Airport Board of Directors, the CVG team continues to propel our community as a leading business destination.

Congratulations for your great start in the new year.

January 5, 2017: CVG Announces Southwest as Newest Carrier January 10, 2017: CVG Celebrates 70 Years of Flight January 31, 2017: Amazon to Create 2,700 Jobs at New CVG Hub January 31, 2017: Frontier Adds 3 New Destinations at CVG February 1, 2017: Delta Expands to 13 Destinations at CVG

CORPORATE HEADQUARTERS

DAYTON

COLUMBUS

KENTUCKY

4990 East Galbraith Road Cincinnati, Ohio 45236 513.745.0707 800.544.8306

2480 Kettering Tower 40 North Main Street Dayton, Ohio 45423 937.610.3700

5650 Blazer Parkway, Suite 177 Dublin, Ohio 43017 614.734.8406

Columbia Executive Center 207 Grandview Drive, Suite 100 Fort Mitchell, Kentucky 41017 859.572.4500

www.horanassoc.com 2015 WINNER

scored by springbuk® analytics

DAYTON