Health(y) Insurance

Keep your employees—and your bottom line—healthy with Parasol.

We have partnered with a 100% independent TPA that leverages a leading, national network to offer the most rewarding self–funded insurance plan on the market.

Lower costs. Better retention.

Healthcare is one of the biggest expenses for a business—and one of the benefits that can make or break someone’s decision to join or stay with your company.

With Parasol, you give employees the benefits of a national network while seeing significant savings for your business compared to other reference-based pricing (RBP) programs or a PPO.

INSURANCE MODEL COMPARISON

Comparison table evaluating three health plan types — PPO, RBP (Reference-Based Pricing), and Parasol — across employer and employee considerations. Employer considerations include Low Cost/Transparent Pricing (RBP and Parasol), Network Backstop (PPO and Parasol), Claims Acceptance Rate over 98% (PPO and Parasol), and Recruiting and Retention (PPO and Parasol). Employee considerations include National Carrier Network (PPO and Parasol), Seamless Access at All Points of Service (PPO and Parasol), and Overall Positive Employee Satisfaction (PPO and Parasol). Parasol meets all seven criteria, PPO meets six (all except Low Cost/Transparent Pricing), and RBP meets only one (Low Cost/Transparent Pricing).

We know the true cost of care.

See Real-World Results

How Parasol Saves

With large network and TPA partnership we have the ability, through a variety of mechanisms to save 20-30% existing plans. These include plan design, pre-payment review, error prevention, cost prevention, and optimizing and streamlining traditionally inefficient processes.

Traditional programs that yield similar, however, have left employers with dysfunctional networks, poor coverage options, and employees with huge medical bills (balanced billing).

With the Parasol’s Program, you get:

A 100% independent TPA
Access to a national carrier network
A backstop that provides capitation for denied claims repricing
Protection, shielding employers and employees from high costs
Exceptional customer service and concierge advisors

We know the true cost of care.

“Parasol Health’s Savings Plus Plan has proven to be a vital component in providing both superior benefits to our workforce as well as improving [our] staffing and recruiting efforts. We have reported nearly 100% employee satisfaction, and have seen meaningfully improved retention.”

COO

at Large Skilled Nursing Operator

Save up to 30% on healthcare costs with Parasol vs. traditional PPOs

Parasol is the only product on the market that combines all the benefits of RBP with the satisfaction and reliability of an established, nationwide network to keep everyone happy.

WHAT PARASOL PAYS

Sample Hospital Surgery Claim

Out of network bill $270K, In-Network PPO $90k, Parasol's RBP $45k, Medicare $30k

Benefits for employers

REDUCED HEALTHCARE SPEND

An average of 30% reduction in the first year and subsequent savings thereafter

ANALYTICS

Gain actionable insights from Parasol’s analytics to understand the drivers of healthcare usage and improve costs and outcomes

PROACTIVE SUPPORT

Employees are supported throughout their coverage, including navigating care and resolving billing issues, relieving the burden on HR and improving staff retention

PARTNERSHIP

Parasol builds you a custom plan that suits your employees’ needs according to your precise input

Additional Savings

Parasol’s Reference Based Pricing (RBP) goes beyond the offerings of other TPAs by securing additional savings for employers:

Specialty drug carveouts
Claims eligible under the Financial Assistance Policy (FAP) are identified and eliminated
“Less than” logic
Employers directly benefit from 100% of all savings due to zero shared savings

Benefits for employees

Improve Staffing, Satisfaction + Retention with Parasol

SATISFACTION

Healthcare costs drive the greatest dissatisfaction among employees; Parasol has 99% satisfaction among members, compared to national average of 71%

SEAMLESS SERVICE

Employees supported from open enrollment through coverage period

STAYING POWER

56% of people consider employer-covered health insurance a deciding factor for staying at their job while 46% say it is a driving factor for accepting a job offer

NETWORK ACCESS

Employees covered by an expansive national network with 100M+ members

ZERO NEGATIVE IMPACT

Employees avoid the negative impacts of balanced billing

Understanding the status quo—that guaranteed reimbursement rates drive inflated care costs—our experts secure you fair pricing with high-performing coverage. Deliver your business significant savings, improve retention, and boost employee satisfaction with Parasol’s RBP Program.

Start Saving Today

Case Study: ABC Healthcare

Client Profile

Self-funded PPO
Premiums had risen 313% over 10 years

ABC Healthcare needed to reduce health benefits costs, but couldn’t afford to cut coverage. Other RBP packages were a no-go because they reduced coverage and ABC Healthcare credited their lower-than-average turnover to high-quality benefits.

The Outcome

With Parasol’s RBP Program, ABC Healthcare achieved significant savings while keeping the same network and coverage.

Parasol helped ABC Healthcare achieve 100% employee satisfaction with their new health plan.

Zero benefit interruption

0

Overall plan savings:

35%

Hospital claim spend savings:

54%

Overall plan pricing:

131%

of medicare

Parasol helped ABC Healthcare achieve 100% employee satisfaction with their new health plan.

Hospital claim spend savings:

54%

Overall plan savings:

35%

Zero benefit interruption

0

Overall plan pricing:

131%

of medicare

Give the best, retain the best.

See how Parasol can help your organization save money— and retain talent.

About Parasol

Parasol Health is a marketing vehicle for a revolutionary healthcare plan, administered by a 100% independent Third-Party Administrator (TPA) founded by experts and stakeholders in health insurance and healthcare organizations to fill the void left by traditional, member abrasive cost-containment programs. With a vision of creating the most robust program in the market, Parasol partnered with one of the largest health insurance networks in the nation to provide employers with a cost-effective way to self-fund benefits plans that employees love. We know the true cost of care and address the real-life—and real health—needs of employers and employees.