RiskManagers HealthCare Purchasing Coalition 2018
RiskManagers HealthCare Purchasing Coalition ™ is a high performance health care Management Services Organization founded on a simple proposition: Health care cost can be reduced while maintaining or even improving benefits at the same time.
While individual plan sponsors may achieve these goals independent of others, intended outcomes can be turbocharged through economies of scale in collaboration with like-minded plan sponsors.
Economies of Scale can be achieved through numerous channels. For example, several clients joined together for the purpose of reducing stop loss insurance premium for their respective self-funded health plans. Significant savings were achieved by pooling risk through a single stop loss policy contract. Pooled stop loss premium provided the participating employers a 67% reduction in average stop loss premium as reported by the most recent Aegis Survey Average Report.
Similarly, more clients have utilized the power of larger numbers to negotiate direct provider agreements within their respective communities. Sitting at the bargaining table with three or four times the purchasing power of a single employer is a value proposition attractive to sellers of goods and services.
Recognizing that acceptance to change has historically been slow among employers who have traditionally relied on status quo health care intermediaries to guide them through the complex maze of American health care, in today’s environment we find more employers are receptive to change. Realizing a proactive, out-of-the-box approach to addressing the cost of health care can make the difference between profit and loss more employers are, for the first time, taking direct control of their health care spend and it’s working (Beating Medical Trend).
The shared vision of RiskManagers.us and clients who retain our services centers on adopting new strategies rather than traditional methods employed in the past. RiskManagers.us offers proven risk management strategies that will accomplish these goals of lowering health care spend without compromising benefits. Our bundle of proven high performance risk management solutions will demonstrate aggregate risk / cost reductions of 25% and more. To that end, we expect our clients to realize a substantial savings based upon the services that we will deliver.
RiskManagers.us is a specialty company in the benefits market that, while not an insurance company, works directly with health entities, medical providers, and businesses to identify and develop cost effective benefits packages, emphasizing transparency and fairness in direct reimbursement compensation methods.