Self-funding a health plan requires budgetary forethought, ongoing claim analysis, and vendor management. Our consulting services are designed to assist employers with the insurance expertise to help you decide if self-funding is a good option for your business.
Building the appropriate benefit structure for your business and employees can be challenging. We assist employers in evaluating, designing, and negotiating a competitive benefit package that will
deliver superior outcomes.
EMPLOYEE MEDICAL BENEFIT ANALYSIS
Our consulting team uses an analytics approach to interpret your claim data to identify opportunities for financial improvement. We will assist in controlling claim costs through on-going plan management and monthly data analysis.
We provide a wide range of reporting that evaluates and supports our benefit and funding recommendations. Our monthly reporting has been specifically designed to meet HR and accounting area needs as well as your organization's success.
A Simplified Self-Funded Solution for Middle Market Employers
Our Abreedo Advantage program offers all of the benefits of a self-insured program while minimizing health care costs, maximizing risk protection, and simplifying billing and administration.
Our Claim Projection Model:
We have a data and metric driven approach to supporting our self-funded clients. We use proprietary, trademarked tools and technology that are cutting edge in the areas of risk assessment, benchmarking, and financial modeling that allow us to continuously monitor our customer’s plan costs and utilization against expected outcomes. We provide upfront monthly cash flow projections of annual claim costs based on several seasonal and historic trend factors. Our firm develops premium equivalents, determines IBNR reserves, provides benefit modeling factors, and recommends optimum specific stop loss levels.
Our mission is to provide superior self-funded health plan solutions that meet the ever-changing needs of our clients. We strive to set the standard among health insurance consultants by being innovative, financially strong, and exceeding customer expectations. We attract and retain the most talented employees to help us achieve this goal.