HASC presents the Health Benefits and Wellness Partnership (HBWP), a brand new program designed to help hospitals substantially reduce the cost of employee benefits.

HASC is uniquely positioned to provide what is in essence a group purchasing vehicle for employee benefits. Many hospitals can expect to save 4% to 10% of the cost of benefits, a significant savings considering hospitals in Southern California spend more than $1.5 billion annually on employee benefits.

HBWP offers the following:

• Hospitals can select from two plan options – a fully insured plan and a self-funded plan.
• HBWP provides benefit design flexibility to accommodate individual hospital needs, thereby avoiding major changes in current employee health benefit programs.
• The self-funded plan provides up to 8% savings on the cost of care by avoiding the ACA insurer tax, California premium tax, and mandated benefits.
• The self-funded plan also offers a stop-loss captive that can save 5% to 10% of the cost of stop-loss coverage and a Pharmacy Benefit Management (PBM) coalition that can save 5% to 15% of pharmacy cost.
• HBWP improves employee retention at the “home” facilities.
• It also provides robust care management, disease management and wellness programs that drive down the cost of claims, and keeps employees healthy and on the job.
• Aggregates ASO/TPA services to reduce administrative costs and network access fees.
• HBWP is broker agnostic, which means hospitals can continue to work with their existing broker.
• Anthem, our health plan partner, provides the insurance vehicle, provider network, and care management/wellness tools for less than what most hospitals currently spend.
• HBWP is a viable option for hospitals that have a benefit year starting January 1, 2014 or later.

If you have a January 1 benefits start date, HASC representatives can meet with you within the next three weeks to provide you with specific projected cost savings for your hospital.

Contacts:

Mark Gamble
213.538.0760, mgamble@hasc.org

Teri Hollingsworth
213.538.0763 thollingsworth@hasc.org