140 likes | 154 Views
CoreSource is a leading self-funded employee health benefits provider with 40+ years of experience and expertise. With 11 local/regional offices, 500+ clients, and 1.3 million members, we are committed to delivering unmatched resources, services, and flexibility to effectively manage benefit plans. Our focus is on designing seamless, sustainable plans that provide more value to your business and greater satisfaction for members. Trust us to help you navigate the challenges of cost management, employee retention, benefit plan resources, and smarter decision-making. Expectmore. Benefit more.
E N D
CoreSource Value Proposition Bob Wolfkiel & Steve Horvath
Experience & Expertise • Self-funded employee health benefits • One of the largest / 40+ years • 11 local / regional offices • 500+ clients / 1.3 million members • 11MM claims / $3B paid per year 32 years Longest Client Tenure 9.7 years Average Client Tenure 100-80,000 Client employee lives 92% Client Retention 48 Licensed states to administer benefit plans
Why CoreSource? Resources and range of services unmatched by local & regional TPAs
Why CoreSource? Greater flexibility and visibility to plan performance than offered by national carriers Expectmore. Benefit more.
Why CoreSource? Challenges facing employers: • Find a partner to lead effective management of the costs and risks associated with the benefit plan • Attract and retain quality employees • Relieve the benefit plan resource drain (time and money) • Engage and educate employees to make smarter decisions • Summary: Design a seamless, sustainable plan that delivers more value to the business and greater satisfaction for members.
Why CoreSource? What we hear from you, our brokers: • “Carrier ASO models have no vested interest in helping employers achieve long-term cost sustainability.” • “The carriers won’t let me integrate my recommended partner solutions.” • “I can’t get access to data.” • “I only hear, ‘No, can’t do that.’” • “I’m looking for expertise in self-funding and managing plan assets.” • Words that describe a true partner: trust, vested, responsive, transparent, accountable, national, client-centric, custom, high-touch, experienced, stable, proven, committed, data & analytics, service, flexibility.
How we deliver By creating a positive feedback loop Sustainable Plan Performance
How we deliver Service Highly responsive and empathetic service teams that are there to listen, understand and strive to provide the highest level of support for employers and members.
How we deliver • Effective Risk & Cost Mitigation • Independence – enables us to truly partner with you to configure plans, networks and services to meet the needs of your business. • Broad range of solutions to manage costs & risks: • 50+ PPO & specialty networks • 33 PBMs • Discounts & fee negotiation programs • Reference-based pricing options • Preferred stop-loss protection • Benefit plan sponsor protection • Fraud protection • Subrogation recovery • Hospital bill auditing • Dependent eligibility auditing • Industry-leading care management programs
How we deliver • Integrated & Flexible Solutions • Single source for all employee health benefits and health & wellbeing programs • Agnostic approach to vendors • Consultative: listen to understand client needs; integrate into existing operations to minimize administrative complexity
How we deliver • Expertise & Consultation • Act as client’s partner in building the right plan, then using data to continuously monitor and improve plan performance • Expertise you can count on to help you make smart decisions for employees and for your business • Expanded decision-support analytics and reporting applications • Full data transparency
How we deliver • Member Engagement • Keep costs in line by helping employees stay healthy • Wellbeing solutions that engage members at a personal level • Healthcare cost and quality transparency tools, telehealth, medical second opinions and other resources help members make smart healthcare decisions • Multi-channel digital and traditional engagement methods reach members when and how they prefer • Proactive, targeted communication supports members’ total experience, from open enrollment to benefit utilization, helping them feel informed and confident
How we deliver By creating a positive feedback loop Sustainable Plan Performance
CoreSource is your health benefits partner, combining a robust range of services with the flexibility to suit your business. Data analytics and visibility to plan performance drive valuable insights that improve your medical cost trend. And our personal approach to engaging members creates smart, confident healthcare consumers. Expectmore. Benefit more.