■ Lexington-based Benefits Administrators has attained CEFEX certification from The Centre for Fiduciary Excellence. The Centre has certified Benefits Administrators as adhering to the American Society of Pension Professionals & Actuaries Standard of Practice for Retirement Plan Service Providers, and the firm has been certified as a retirement plan service provider adhering to the best practices in the retirement plan industry. Benefits Administrators is among the first companies in the United States to successfully complete the certification process for retirement plan providers. The CEFEX certification is an indication of the firm's accountability to its clients.
■ Critchfield Meats has been awarded approved-vendor status for Sodexo Services after receiving an overall score of excellent on a third-party audit inspection that measures proficiencies in food safety, food defense and security, building and equipment cleanliness, and food safety training. Critchfield Meats operates a USDA-approved and -inspected processing plant and distribution center and a retail butcher shop in the Zandale Shopping Center on Nicholasville Road in Lexington.
■ The Fayette County Mayor's Alliance on Substance Abuse and KY-ASAP Board have recognized two local organizations, Fayette County Public Schools and Lexington Catholic High School, and two board members, Howard Rupard, a retired Lexington police officer, and Andrew Smith, University of Kentucky director of the Office of Substance Education and Responsibility, for outstanding commitment to reducing youth substance abuse.
■ Marcus A. Roland of the Lexington-based law firm Roland Legal has been awarded the credential of Medicare set-aside consultant certification by the International Commission on Healthcare Certification.
As defined by the commission, "the MSCC credential is designed to identify professionals who work within the workers' compensation benefit system as either a health care professional, legal representative or insurance claims adjuster, who have achieved specific pre-approved training in Medicare set-aside trust arrangements, and have demonstrated a breadth of knowledge regarding the development and application of the Medicare set-aside trust arrangement process."
A Medicare set-aside is an intricate financial arrangement designed to protect the interests of Medicare or Medicaid in workers' compensation settlements. With his designation, Roland is certified to design, submit and negotiate these arrangements.
To earn the certification, Roland completed 30 hours of training through the University of Florida, passed a pre-certification exam from the university and passed a final certification exam from the International Commission on Healthcare Certification.
Roland Legal is a boutique workers' compensation firm based in Lexington. It is one of the first paperless, cloud-based law firms in Kentucky. Learn more at rolandlegal.com.
■ A team of scholars in the University of Kentucky's Gatton College of Business and Economics recently brought home the top prize for best research paper published in the Journal of Financial Economics in the last year.
Brad Jordan, professor of finance and the Richard W. and Janis H. Furst endowed chair in finance, was lead author on the study, which focused on an area of capital markets and asset pricing. Jordan's co-authors were Ekkehart Boehmer, professor of finance at EDHEC in Nice, France, and Zsuzsa R. Huszar, a recent doctoral graduate in economics at Gatton who is now at the National University of Singapore.
Jordan and his colleagues found that stocks with relatively high short interest subsequently experience negative abnormal returns, but the effect can be brief and of debatable economic significance. In contrast, stocks with low short interest are significantly undervalued, a finding at odds with modern asset-pricing models.
The Fama-DFA prize is named for Eugene F. Fama, a professor of finance at the University of Chicago who is widely recognized as the father of modern finance. DFA stands for Dimensional Fund Advisors.
Jordan is in his 15th year at the Gatton College, after previously serving on the faculties of the University of Georgia and the University of Missouri-Columbia.
■ WomenCertified, the collective voice of the female consumer and a referral source for top businesses and brands identified among women, has recognized Central Baptist Hospital as one of the country's Top 100 Hospitals for Patient Experience and the No. 1 hospital in Lexington for patient experience. No other Lexington hospital was named to the list, and Central Baptist is among only six Kentucky hospitals recognized.
Hospitals are selected for the annual list based on a proprietary scoring process that incorporates Hospital Consumer Assessment of Healthcare Providers and Systems scores and a higher level of analysis that weighs criteria identified as the most important to women for patient satisfaction. It also considers WomenCertified's in-depth research on customer satisfaction among women, including a joint study on customer satisfaction by gender conducted with the Wharton School of the University of Pennsylvania.
As a Top 100 Hospital and because of its high consumer satisfaction scores, WomenCertified has recognized Central Baptist Hospital with its Women's Choice Award. The award seal represents the collective opinion of women who highly recommend a brand, service or hospital.
Compiled by Dorothea Wingo