Secova employs a team of experts in every aspect of health and benefit program design. Some experts are experienced in and focused on medical benefits, while others may specialize in HR issues, administration, or financial analysis.
Benefit Plan Management includes:
Benefit Plan Design
Following a program audit, Secova will analyze all the components of your benefit plan to help you make strategic decisions and specific improvements.
The Benefit Plan Design includes:
- Self-insured and fully insured analysis and recommendations
- Consumer-Driven Health Plan design and implementation
- Individual benefit plan analysis and recommendations
- Funding analysis and recommendations
Secova's in-depth analysis can help identify how each plan has performed financially and functionally when compared to the goals of your program.
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RFP Generation and Analysis
Your success at the negotiating table may very well be determined by detailed preparation, thorough analysis, and the insight of our experienced staff. The net result of these deliverables will strengthen your negotiating power.
RFP Generation and Analysis includes:
- Analysis of benefits offering
- Proposal generation, distribution, and collection
- Analysis of data to prepare for fact-based negotiations
- Complete facilitation of the RFP process
Secova will work with you to customize an RFP based on your company's particular needs and benefit strategy.
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Benefit Selection and Renewal
Secova will conduct an analysis of your current plan that will be the basis for your renewal strategy — a strategy that will help you select exactly the right plans and the appropriate vendors for renewal.
Benefit Selection and Renewal includes:
- Benefit plan and vendor performance evaluation
- Claims and premium analysis
- Benefit and vendor selection
- Development and implementation of renewal strategy
Secova's detailed analysis and preparation will significantly reduce the cost and time demands of benefit selection and renewal.
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Rate Negotiation and Contracting
Careful preparation and analysis is Secova advantage that carries over into every aspect of Benefit Plan Management — including Rate Negotiation and Contracting. We will help you develop a negotiation strategy that leads to lower rates and better services.
Rate Negotiation and Contracting includes:
- One-on-one negotiations in person or by phone
- Rate and service confirmation
- Contract and conversion management
- Securing the best rates and services, aligned with your corporate goals
Secova has a track record of consistently negotiating lower rates than that national average, resulting in significant savings.
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Secova's Benefit Plan Management combines analysis, experience, and negotiation expertise to help you develop a renewal strategy, facilitate the RFP process, select the right benefit plan, and secure better rates and services.
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