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.
They partnered with Parasol Health to implement a restructured health plan strategy designed to reduce underlying cost drivers while maintaining comprehensive coverage.
More efficient medical cost management
Improved pharmacy spend control
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
Skilled Nursing, Therapy, Staffing
11,579 Enrolled Employees