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Population Health Management

Once a client has experienced the Benefits 7 consulting process and determined the long term goals of their employee benefit program, it then becomes necessary to begin short-term plan development. The plans Benefits 7 develops for our clients are completely customized, aimed at reaching a client’s overall goals.

One of the most pressing items on employers’ minds continues to be controlling rising healthcare costs. We have found many cutting-edge techniques that are successful in controlling this critical piece of employee benefit plan strategy.

Value Based Benefit Design

Value based benefit design (VBBD) medical plans continue to rise in popularity. For our best clients, these plans have proven successful in delivering an average healthcare increase of 5% over the past few years. The most effective of these plan designs have wellness and disease management as core components. These plans can be as easy or complex as the company desires.The overall goal of a VBBD is to engage employees to perform certain screenings and make healthcare purchase decisions that are not only good for their health, but also improve a company’s bottom line. By properly aligning wellness screenings and other activities with incentives for employees on your healthcare plans, a company can effectively motivate employees. Unfortunately, many insurance carriers and vendors have not fully evolved their actual healthcare plans to accommodate for this shift in market preference.For employers interested in pursuing this path, Benefits 7 can help make their vision a reality. Our internal administrative platform allows for accurate administration of even the most challenging medical benefit plan designs.Further, our consultants are fully educated and experienced in the implementing and administering of such plans; therefore we aren’t learning how they work with your company. Benefits 7 can show you the path to success, based upon the prior success of many clients who went before you.
Account Based Medical
Account Based Medical  Plans continue to be used effectively to transfer ownership from the insurance carriers and employers, onto the employees. By engaging employees further in the purchase of healthcare, they become more educated consumers. The healthcare equation is actually rather simple: Cost of Health Care Services X # of Services = Total Cost

The legacy of managed care plans has been to effectively shelter employees from understanding that they play a critical role in controlling healthcare costs. Through the implementation of an account based medical plan strategy, your company can begin to break through this history and create a more engaged, and educated healthcare consumer.

Retiree Medical Plans
Ever since FAS 106 and GASB 45 were enacted, companies and governmental organizations have been eagerly seeking options to reduce liabilities.  As these huge liabilities show on their balance sheets and continue to drive up the price of additional capital procurement, the need to control these liabilities becomes even more critical.  There are many options available to organizations to effectively reach their goals in regard to retiree medical plan options. At Benefits 7, we can not only assist with the consulting on these plans, but also with the actuarial analysis. Finally, once we have designed a plan that will work for you, we can leverage the power of our back-end administrative platform to deliver a great experience to your retirees and remove a significant amount of the workload burden from the HR department of your organization.

Wellness

Create a culture of wellness.

Work site wellness programs are being implemented daily in companies across the world, but only a handful are truly successful. Why? Because it’s difficult to motivate employees to implement lifestyle changes, and even more difficult to track the results of wellness programs. With all of the resources available, it’s tough to decide the wellness program that is right for you.

The good news is, you don’t have to do it alone.  Benefits 7 believes in wellness, so much that we hired an in-house wellness coordinator to create integrated programs for our staff and our clients. And these aren’t just any wellness programs. Every company is different, so clients receive customized materials designed to address the specific health related concerns their employee population.

Clients who take advantage of this service receive one-on-one attention from a certified wellness coordinator who basically becomes a member of their staff. The main goal is to engage 100% of the employee population to lead a healthier lifestyle, thus helping to build a culture of wellness within the workplace.

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