The Challenge:
The company was facing rising healthcare costs across a distributed workforce and traditional PPO options had become increasingly expensive, creating pressure to create a strategy that could improve financial performance without reducing benefits.
The Approach:
They partnered with Parasol Health to implement a restructured health plan strategy designed to reduce underlying cost drivers while maintaining comprehensive coverage.
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More efficient medical cost management
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Improved pharmacy spend control
- Greater alignment between healthcare spend & financial performance
The Result:
30% lower medical claims costs
37% lower claims costs
52% reduction in average facility pricing
+23.7M annual EBITDA improvement
~$165.9M potential enterprise value creation
Client Profile:
Industry
Skilled Nursing, Therapy, Staffing
Size
11,579 Enrolled Employees