Problem:
Boldist, the technology-driven marketing firm, was entering their next phase of growth, but a 22% renewal increase threatened their plans. They needed a sustainable solution that supported their human capital strategy.
Action:
In year one, Health Compass executed their Strategic Health Insurance Creation (SHIC) project which analyzed their population’s risk, identified opportunities for improvement, and resulted in the creation of a custom health plan.
In year two, Health Compass implemented and integrated technology while actively managing their vendors and claims risk.
Year 1 Results:
- $1,672 Saved Per Employee (-24% renewal)
- Copays and Deductibles Waived When Employees Chose High-Value Care
- PPO Network Replaced HMO
Year 2 Results
- +3.1% Renewal Increase Without Changing Plan Designs or Narrowing Networks
- Improved Communication and Employee Experience
- Reduced Administrative Work
“Health Compass shopped all the usual carriers, but their custom solution saved us over $1,400 dollars per employee and eliminated copays and deductibles for our team…a solid win all around.”
Ben Collins – President, Boldist
