We have had the pleasure of serving as the broker and consultant for hundreds of self-funded health plans over the years, and have successfully helped fully insured plans convert to self-funding or captive funding models — regaining control of their destiny. Our actively-managed health plans continue to perform below the healthcare market inflationary trend.
What is one thing that your potential clients need know about regarding choosing your service?
We put our money where our mouth is and guarantee our results. By that, I mean that we put a percent of our fee at risk for delivering tangible savings that well outweigh our consulting fees, and often offer deliverables based on a percent of savings basis. Our focus is on health plan cost savings, versus passive cost-shifting through plan design. Whether fully insured or self-funded, if an employer is looking for true cost-containment strategy without sacrificing quality or plan design for its members, they owe it to themselves to request a preliminary assessment.
Give us an example of a client success story
One of our greatest client success stories is a client who has had extraordinarily high-risk claimants on its plan (a hemophiliac and an average of two end stage renal patients annually) for the past few years. Yet, this same client has consistently experienced an average annual health plan trend of -1% over that time period. This trend stabilization is primarily attributable to active provider performance management and pharmacy cost-containment – all while improving the plan design and reducing the cost share to the members.
Another favorite success story is that we simultaneously saved one client nearly $1mm per year for one drug, for one claimant – and another client $200k for the same drug for one of their claimants, through our creative pharmacy steerage and negotiation strategy. Given the financial impact of these single drug negotiations, our initiatives created widespread market awareness and launched new innovations throughout the regional health plan carrier community.
What do you do in your spare time?
My favorite thing to do in my spare time includes anything that allows me to spend quality time with my immediate and extended family. We love to spend holidays together and boat and snow ski as a family. I enjoy watching our son play baseball and our daughter play golf. I also enjoy reading a good book, volunteering, and investing in the mentoring of future leaders. As I hear myself say this last sentence out loud, I feel the need to redeem myself with some sky diving or bungee jumping in my spare time! (I am certain my kids will call me out on that one.)
What is the latest book you read that you would recommend?
John Maxwell’s “Leadership Gold” (any surprises here?) – It is an oldie, but a goodie!
I am also a big fan of Diane Bolden’s “Pinocchio Principle.”
How can anyone interested in more information contact you?
For more information, to schedule a group presentation, or to request a preliminary health plan assessment, please contact:
teah.corley@employer-advocates.com
405-259-8990 (Main Office)
347-549-4455 (Business Support Center)
Those interested in learning about the solutions highlighted in this interview will soon be able to read more in Teah’s upcoming book entitled: “Employer Healthcare Innovations: Key Concepts for Reducing Employer Healthcare Costs in a Post-Reform Environment.” You may also read more about her team and their story in: “Advocates Under Fire: Building a Customer-Servantship Culture that Outlasts the Fire.”
Both books are scheduled for release this fall.
