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Benefits and Insurance Services
BENEFITS AND INSURANCE GROUP
Benefits and Insurance Group

Employer Health and Benefits Consulting

 

As health care costs continue to rise, and legislative and economic changes alter the benefit landscape, employers are seeking innovative and cost-efficient employee benefits solutions. Employers must continue their laser-focus on near-term cost management, including strong vendor management and sound design and cost sharing tactics. At the same time, employers seek to change the longer-term cost curve by addressing employee health, lifestyle choices and productivity. Old Slip Capital’s health and benefits consulting practice works with employers to develop customized benefits plans that drive engagement, promote responsibility and accountability, help participants manage health risk and chronic conditions, and reduce absence.

Holistic Health Management Solutions

Health care management fosters improved and holistic changes in your employees’ health and productivity through well-thought-out intervention, reduced hospitalizations, and decreased accumulated lifestyle risks. Old Slip Capital delivers a turn-key solution. We have the consulting expertise and administrative resources to plan, design, execute and deliver your health benefits strategy. Our actuarial, medical, clinical, and legal expertise and influence with national carriers enable us to help you manage health care costs through a combination of approaches, including continued cost shifting and tougher negotiations with health plans.

 

 

An Approach Focused on Driving Change

 

Old Slip Capital’s data-driven approach identifies employee disease prevalence and savings opportunities, and our clinicians design interventions, assess program success and identify opportunities to improve clinical outcomes. Experienced actuaries devise employee incentive programs that encourage more participation, drive changes in employee behavior and measure the program’s return on investment.

 

Industry-Leading Technology and Tools

 

Old Slip Capital’s benefit consultants provide industry-leading, integrated data warehousing services to help you address issues across the health benefits management spectrum:

 

  • Measurement and benchmarking

  • Audit services across medical claims, disability, pharmacy and medical management vendors

  • Government regulations and compliance

  • Health and productivity

  • Health plan performance

  • Purchasing efficiencies

Health and Benefits Consulting Services Solutions

  • Health care benefits (health, dental, vision, etc.) program development and management

  • Absence, disability and leave

  • Elective benefits

  • Actuarial

  • Compliance

  • Pharmacy

  • Clinical/Health management

  • Coalition purchasing group

  • Special risk

  • Claim audits

  • Global coverage

Planning and Strategy

  • Comprehensive strategic planning session

  • Wellness cultural readiness assessment

  • Root causes and avoidable claims cost analysis

  • Employee and executive data gathering

  • Benchmarking

  • Health risk or diabetes risk studies

  • Networks discount and fee benchmarking

  • Provider quality analysis

  • On-site or near-site clinic feasibility analysis

Design and Pricing

  • Vendor renewals/selecting RFP’s and negotiation

  • Benefit design and cost modeling

  • Adverse selection/migration analysis

  • Annual benefit budget creation/funding analysis and options

  • Health improvement and productivity analysis

  • Reserve and IBNR calculations

  • Employee contribution development/impact analysis

  • Incentive cost/benefit analysis (ROI)

  • FAS 106 calculations

  • Rx Compliance/PBM effectiveness

  • Dependent eligibility audits

 

Execution and Delivery

  • Communication strategy planning

  • Vendor summit

  • Vendor integration and enrollment coordination

  • Vendor/plan change implementation management

  • Vendor contract/compliance review

  • Retiree drug subsidy

Ongoing Measurement

  • Vendor performance objectives and measures

  • Annual 5500 form completion

  • Nondiscrimination testing/oversight/pre-testing

  • Facilitation of vendor stewardship meetings

  • Data warehouse data optimization mining and reporting

  • Performance reviews (claim and clinical audits)

  • Ongoing experience monitoring and reporting

  • Scorecards/dashboard creation and monitoring

  • Compliance review

  • Disability and absence management

For more information about Old Slip Capital and benefits consulting services and solutions, please contact us.

Employee Benefit Management Services
EMPLOYEE BENEFIT MANAGEMENT SERVICES

At Old Slip Benefits and Insurance Services, we provide corporations and non-profits with cost-effective executive and employee benefit management services and plans. Our experienced benefits advisors craft custom-designed employee benefit plans that help our clients recruit, retain and reward key employees. Our areas of expertise include:

  • Plan design review and auditing

  • Expert training and communications

  • Plan management technologies

  • Regulatory and compliance consulting

We can help you evaluate your company’s goals and needs and develop an employee benefits program that maximizes profitability while retaining employees and meeting your compliance requirements. Our rigorous, data-driven approach provides accountability, transparency and flexibility.

Benefits Consulting

Our advisors provide comprehensive resources for employee communication and education, wellness, benefit management and compliance issues such as PACCA, COBRA, and FMLA.

  • HR Tools: We act as an extension of your HR department, providing a specialized array of personalized services. Interactive, state-of-the-art online tools facilitate employee enrollment, employee/HR communications, and plan management and compliance.

  • Compliance: Web-based tools with access to a compliance library as well as timely information on action items. 

  • Legal Experts: Access to top benefits attorneys for advice on compliance and ERISA issues, including credentialed in house counsel.

  • Employee Communication and Education: Online benefits portals, awareness flyers, newsletters, and enrollment tools are available to our clients.

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Our advice driven family office strives to preserve your family’s legacy
Protecting your business property, employees, and corporate liability
A personalized approach to executing a wealth management plan
Preserve cashflow for other uses by borrowing for Insurance requirements
A complete range of insurance and risk management services
Cost effective employee benefit services
Alternative investments are useful investment strategies for investors looking to diversify their portfolios from traditional funds.
Advisory based financial transactions on behalf of individuals, corporations, and governments
Holistic wealth management services driven by superior investment research
Our firm combines a disciplined investment management process with sustainable investing principals
Sophisticated Investment Advisory to corporate pension plans and ultra-high
net worth individuals
Building quality investment menus for plan sponsors while offering the protections of a sound ERISA fiduciary contract
Protecting your Home, Auto and general liability
Family Governance and Education is integral in achieving the necessary outcomes
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