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Brokerage Services for Insurance and Employee Benefits
average of 7.7% from 2005 to 2008. That translates into total savings of approximately $12 million for the
same time period.
A law firm client saved $8 million over five years and lowered trend increases year-over-year by boosting
employee self-direction and engagement.
A school district that followed CBIZ recommendations was able to consistently hold health cost increases at
2% below trend over a 10 year period for a cost savings of more than $15 million.
The logic of controlling costs by improving employee wellbeing is self-evident. However, it is important to emphasize
that in order to produce zero trends and a significant ROI, executives and all levels of management within an
organization must make a commitment to creating a culture of health, and self-leaders of employees, as part and
parcel of their
business strategy
. This will likely require executive participation, and cultural, policy and
environmental changes in the workplace.
Research has shown that a well-executed wellness strategy can indeed generate benefits. While virtually every
employer can have some level of a wellness program in place as a result of carriers including some form of these
services in the benefit plan offerings; just having these services available does not constitute an effective wellness
strategy that will necessarily produce measurable outcomes or return on investment. CBIZ recommends the
Bradley Arant Boult Cummings develop its own strategy and not default to the carriers’ perspective to determine the
program. CBIZ will guide you in expanding upon your current strategy and will coordinate the resources within your
carrier and other vendors to implement your plan.
There is no understating our belief that through combing wellness solutions with population health and value-based
payment systems, costs will become more predictive and stable due to the ability to better identify potential risks of
chronic diseases and acute liabilities. In order to ensure the long-term stability of your health plan, it is essential that
these measures be taken, especially if a self-funded medical plan is determined to be a viable course of action.
“CBIZ is ahead of the market in its offering of innovative employee health and productivity solutions and
continues to provide industry leadership.”
Tom Bowser, President
Blue Cross and Blue Shield Association
Prescription Analysis and Recommendations
The CBIZ National Pharmacy Practice is a resource for our clients and local CBIZ offices. Our clients’ pharmacy
benefit continues to be a growing component of total healthcare costs. Through collaboration across our specialty
practices, CBIZ offers an integrated approach to healthcare consulting. The pharmacy team brings our clients robust
clinical and consulting expertise in order to navigate the ever changing landscape surrounding the pharmacy benefit.
The National Pharmacy Practice works closely with large self-funded plan sponsors and performs a variety of