Archive: Cost Savings

  • March 23, 2022

    Stop Loss and Medical Plan, Rx Savings Result in Richer Benefits

    MSD of Wayne Township was dedicated to employee health and wellness prior to engaging with Apex Benefits and its Kinetiq Health team in late 2019. While mostly satisfied with their wellness program, the school system was looking for opportunities to …

  • January 20, 2022

    School System Partners with Apex to Impact Employee Well-being, Realize Cost Savings

    MSD of Wayne Township was dedicated to employee health and wellness prior to engaging with Apex Benefits and its Kinetiq Health team in late 2019. While mostly satisfied with their wellness program, the school system was looking for opportunities to …

  • January 11, 2022

    Ways Your Employees Can Save on Pharmacy Benefits

    If your employees have ongoing prescriptions, here are some places for them to save money if they need to continue pharmacy prescriptions.

  • December 16, 2021

    Renewal Negotiations Net $200K Savings for Large Employer

    The client made a switch in consultants to Apex just before the beginning of the fourth quarter and had already started the renewal negotiation process. The former consultant’s negotiated renewal rate suggested increased costs of $208,000.

  • December 15, 2021

    Less Time, More Value: Peer Review vs. RFP

    One way to choose a benefits advisor is by issuing a Request for Proposal (RFP). While a valid option, it’s a time consuming and cumbersome process. And, it may not deliver the greatest return on the time and effort it …

  • November 23, 2021

    What is the Peer Review Process?

    It’s common to get a second opinion from a doctor for medical advice. Why not do the same for your company’s benefit plans? That’s the approach Apex Benefits takes with its Peer Review Process — a no-obligation review of your …

  • November 11, 2021

    What Is a Peer Review?

    A zero disruption, no obligation Peer Review can provide you with the peace of mind that you are doing your very best to leverage a finite budget to deliver the best benefits program for the greatest return.

  • November 1, 2021

    Apex Rx Expertise Helps Client Cut Spend By More Than a Third

    The savings found were substantial for the client. After discounts, rebates and fees the annual identified pharmacy savings were $110,156 for the client. Apex also discovered additional savings through clinical and specialty drugs of another $100,581. Those combined savings cut …

  • October 18, 2021

    Peer Review Nets Nearly $1 Million in Identified Savings

    The client was unsatisfied with the customer service and level of innovation provided by their benefits advisor. Apex was engaged to complete a Peer Review to identify immediate and future plan savings with minimal disruption to plan members.

  • September 19, 2021

    $6 Million Cost Savings, Refunds for Large School System

    Prior to Apex becoming the strategic advisor, this client also had a near-site clinic available to all members on the medical plan. After a thorough review of clinic data, our team found that the cost per visit exceeded $225 due …

  • September 13, 2021

    Indiana Township Realizes $505,000 in Savings

    It was determined that the client was due a refund. The Township not only saved money, but also saw an improved return on their investment for the clinic. The savings understandably left the client pleased knowing it was spending less …

  • July 18, 2021

    Realizing Savings Through Shift from Fully-Funded to RBR

    The client was experiencing rising and unsustainable healthcare costs while their revenue stream was capped. In 2015, two years prior to hiring Apex, its healthcare spend was $1.66 million. That spend increased to $1.81 million in 2016.

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