Caravus Case Study #5: “A collaborative partnership.”
At Caravus, keeping our clients healthy and secure is in our DNA. We want to share a few of our success stories with you through the case studies highlighted in our news feed.
An engineering and manufacturing company.
A specialized technology firm, the company expanded their expertise and resources in the industries they serve. In doing so, their employee base grew exponentially over the last 10 years – as did their need for health benefits administration and affordable plan offerings.
To keep up with their growth and the evolving landscape, the client needed to better prepare for tomorrow while serving their needs of today.
Caravus had the benefit of working closely with the Chief Human Resources Officer for over 20 years. Building that trusted relationship over time gave Caravus the ability to proactively push company leadership outside of their comfort zone and consider new and different approaches to address their health care needs. Caravus has been in development with this client to offer strategic planning regarding their employer offerings. Some of our recommendations include:
- Considering a self-funded plan design
- Compliance recommendations
- Caravus Connect as a solution to their employee communication needs
We Made The Complex Simple
Starting with education, the Caravus team developed an Affordable Care Act “big picture analysis” that helped leadership understand the new landscape, and their place in it. Our ongoing strategic planning as benefits consultants has led to in-depth conversations about moving to a self-funded model, compliance recommendations, and using Caravus Connect to administer their plans and benefit communications. And although they’re not ready to sign on to Caravus Connect just yet, we explained how it can help make open enrollment and the ongoing benefits management process more efficient.
We Designed A Solution
The Caravus team continues to discuss the pros of Caravus Connect for spring implementation, and how the self-funded plan would be a great "fit" for this manufacturing firm.
How It’s Going
While still employing a fully insured benefit plan, Caravus’ relationship with the client is the definition of collaborative partnership. We’re confident that in the years ahead, we’ll continue to develop workable solutions for their growing needs.