Tired of the same old healthcare insurance headaches? You know the drill: rising costs, inflexible plans, and employees who aren’t exactly thrilled with their benefits. One Texas-based manufacturer was feeling this pain big time. They had a fully-insured plan covering around 180 employees, but those healthcare costs? They were skyrocketing, putting a squeeze on the company’s finances and making it tough to invest in growth. Plus, employee morale was taking a hit due to dissatisfaction with their healthcare benefits.

Sound familiar? This company knew they needed a change. They started exploring alternative healthcare solutions that could offer more control, predictability, and better benefits for their team.

Enter Beyond Health, a team of healthcare insurance specialists. They offer a cool solution: a flexible and cost-effective group captive program. Think of it as a form of self-insurance where the company basically owns its insurance provider. Beyond Health worked closely with the manufacturer to really dig into their specific risks and what was driving up their costs.

Then, they designed a health plan tailored to the employees’ needs. This wasn’t a one-size-fits-all deal. Beyond Health also put some smart cost-management strategies in place, like working directly with healthcare providers, reviewing how services were being used, and introducing programs to help employees manage chronic conditions. The company even got its employees involved, educating them about the new plan and encouraging wellness and preventative care. The goal? Healthier employees and, you guessed it, cost savings!

So, what happened? The results speak for themselves. The company achieved some serious financial stability and improved how things ran overall. From 2021 to 2023, their annual healthcare costs only went up by a tiny three percent! They also saved a bunch of money – like $257,000 in surgery and radiology costs alone. And it wasn’t just the company that won. Employees got more personalized care, better quality of care, and lower out-of-pocket expenses. Happy employees, happy company!

The bottom line? This manufacturer is now set up for some serious sustainable growth and success.

Want to learn more about how Beyond Health can help your company move beyond traditional insurance? Read more about the Beyond Health program or reach out to an advisor today!