High Performance Networks: Leveraging Benefits Administration Technology to Support ACOs and Narrow Network Plans

Introduction

HR leaders make it their mission to protect and provide for employees, most notably through the benefits they offer. Competitive coverage is not just critical for recruitment and retention purposes; it also has tremendous effects on the well-being and security of employees and their families. As health insurance premiums rise, however, the cost of this coverage continues to have a huge impact on employees’ wallets and companies’ bottom lines.

Exposing the Top 5 Myths about Outsourcing Benefits Administration

More and more employers are exploring automated solutions to address the increasingly complex challenges of administering their employee health and welfare benefits programs. Today, 6 in 10 employers feel overwhelmed by the increasing complexity of their benefits program management.¹ However, some HR teams hesitate outsourcing these functions due to five common myths and misconceptions.

Outsourcing Benefits Administration: Are You Ready?

Whether outsourcing your benefits administration for the first time or making the switch to a new vendor, it’s important to consider your current and future responsibilities and goals alongside your internal capabilities. Which route best aligns with your benefit needs and challenges?

Traditional Benefit Offering, Private Exchange, or Hybrid Strategy: Which is Right for Your Workforce?

Today HR can utilize a traditional benefits administration offering, marketplace or private exchange, or – with the support of a modern technology platform – implement both simultaneously to execute a hybrid strategy. But each organization faces unique challenges, meaning no strategy is a one-size-fits-all. To determine the right fit, employers must carefully consider strategic and technological options alongside their current and future needs – and also determine their employees’ needs as benefit consumers.

Service Philosophy: Five Things to Consider for Benefits Administration Success

There are many factors to consider when evaluating a prospective benefits administration platform. While the technology powering your solution is a critical component, it is not the sole indicator of future success. Given the complex and ever-evolving nature of employee benefits, even the most robust tools require knowledgeable service and support to realize optimal efficiency.

Five Important Factors to Evaluate During a Benefits Administration Technology Demo

Seeing a potential platform in action is an important part of any technology decision. However, there are several elements that are difficult to judge during a demo – but can end up having the biggest impact on your solution’s overall success.