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 …

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

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 …

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 Savings Assessment Process — a no-obligation review of your …

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 …

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 …

A mid-sized company with diverse holdings in the food and entertainment sector with about 400 employees.

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.

Jim Harenberg, Apex Benefits COO, discusses what 10-30% savings on pharmacy benefits means to your company in real dollars.

Apex’s Benchmarking Survey data showed that only 47 percent of respondents evaluated their Rx program as important. While higher than the 44 percent that graded their program that way in 2019, it still means less than half of employers aren’t …

Apex was the first benefits advisory firm to introduce Reference-Based Reimbursement (RBR) pricing methodology to the public and private sectors in Indiana in 2012 and has the largest number of RBR clients among Indiana benefits advisory firms.

By identifying the employee’s medical and behavioral issues and specific needs, the Kinetiq Health team was able to establish individualized care paths to manage chronic conditions. The employee was steered to an appropriate place of service for ongoing monitoring. While …