Problem:
After 30 years in business, the privately held technology company was preparing for an exit. However, healthcare costs were increasing at an unsustainable pace, which was undermining their ability to retain key employees, and the value of their business.
Action:
Through the Strategic Health Insurance Creation (SHIC) project, Health Compass built a custom plan with best-in-class vendors. Champion then hired Health Compass to implement and manage their entire new benefits program.
Results:
- Champion Saved $3,026 per employee
- Expanded network access offered better healthcare options, and retaining talent
- Their subsequently higher P/E ratio enhanced their exit value, expediting the sale
“While health insurance isn’t my favorite subject, Health Compass proved me wrong with their tremendous service, and savings, improving coverage the year before our exit.”
Chris Pyle – CEO, Champion Solutions Group
