Case Studies
Case Study: Guiding a Midwest Firm to Smarter Health Benefits
Client: A thriving Midwest consulting firm in 6 states, focused on enhancing revenue.
The Challenge: This firm previously lacked a comprehensive health benefits plan. They needed guidance to establish a cost-effective, transparent solution that aligned with their growth and operational excellence.
The Brazos Marketplace Solution: Brazos Marketplace partnered with the firm to design and implement their very first structured health benefits program. We recommended a Level-Funded plan. Our guidance helped the firm gain immediate control and valuable insights into their new healthcare spend.
The Results: The new plan delivered significant benefits right from the start:
- Established Cost-Effective Coverage: The firm successfully launched a robust health benefits program.
- Boosted Employee Satisfaction: Offering a strong benefits package immediately improved employee morale.
- Gained Strategic Control: Leadership now has clear insight and control over their healthcare program, aligning benefits with their business goals.
“Brazos Marketplace didn’t just help us set up a plan; they provided the crucial guidance we needed to truly understand and manage our healthcare strategy,” says a leader at the firm.
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Case Study: Driving Down Costs & Attracting Talent for a Professional Services Firm
Client: A well-established professional services firm based in Edmond, OK.
The Challenge: This firm faced consistently rising health benefit premiums, which strained their budget and limited their ability to offer competitive packages. Their existing plan lacked flexibility and transparency, making it hard to attract new talent in a tight market. They needed a fresh, cost-effective approach that would not only reduce expenses but also enhance their appeal to prospective team members.
The Brazos Marketplace Solution: Brazos Marketplace partnered closely with the firm to understand their specific challenges and goals. We guided them through a strategic transition to a suitable, innovative health benefits plan. This comprehensive solution empowered the firm to:
- Gain Cost Predictability with Potential Returns: Move away from volatile fully insured premiums to a more stable financial model, with the added benefit of potentially receiving money back if claims were lower than expected.
- Optimize Spending: Implement strategies to manage healthcare costs more effectively and transparently, benefiting from detailed claims data and a more controlled funding structure.
- Customize Benefits: Gain the flexibility to design a plan that precisely fit their workforce’s unique needs, making their offerings more attractive.
- Access Data & Transparency: Obtain detailed insights into healthcare utilization and costs, empowering informed future decisions.
The Results: The implementation of the Brazos Marketplace solution brought immediate and impactful results for the professional services firm:
- Significant Cost Reduction: The firm realized substantial savings in overall healthcare expenditures, positively impacting their bottom line.
- Enhanced Benefit Value: Their ability to offer a customized and efficient plan boosted the perceived value of their benefits, making them more competitive.
- Successful Talent Attraction: The improved benefits package helped the firm successfully attract and onboard new, high-caliber team members.
- Increased Budget Predictability: The strategic approach provided greater control and understanding of potential costs, while still benefiting from a predictable payment structure.
“Brazos Marketplace provided the clarity and ability to transform our benefits strategy. We’re now saving significantly, offering a more impactful and transparent health plan, and successfully attracting top talent to our growing team.”