Here are some examples about how our group purchasing consortium enables companies to provide an exceptional experience for their staff and deliver significant financial benefits, whether they have 50 or 500+ employees.
When we began consulting this company, our analysis projected upwards of $100,000 in unnecessary healthcare expenses with their existing Oxford plan. Our strategies saw immediate cost reduction, and at the end of year review when the final savings were tallied the total spend reduction ended up being $200,000.
When the company received a 29% renewal rate increase from its fully insured carrier, it knew it had to change something. Their employees—most of whom lived paycheck to paycheck—could no longer afford the overpriced and complicated healthcare plan.
Since switching to a health benefits plan anchored by the Virtue Health consortium, the county has seen numerous benefits, including better quality care and a dramatic reduction in costs. The biggest payoff? A $181,346 refund.
Under Virtue Health, the city of Corbin, Kentucky, was not only able to reduce their municipality’s yearly health plan spend, they also received a surplus check at year’s end. The total savings over the first two years totaled more than $400,000.
Our group purchasing consortium enables companies, whether they have 50 or 500+ employees, to provide an exceptional experience for their staff, while also delivering significant financial benefits to their business.
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