Case Study Download
NJ Commercial Door Manufacturer Saves $1.3M Over Five Years
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. That level of savings continued annually for the first five years.
Challenge
Before we were brought in, Oxford was about to renew at a 7% increase of an already overpriced employee benefits plan.
Solution
Our consultants architected a self-funded plan with a max cost increase of 2% and lower deductibles.
Outcome
Total savings based on reduced premiums, unused claims refund, and negotiated provider pricing, this group saved over $200,000 year one.
Virtue Health Can Empower You
Experience For Yourself
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.
