As a team of benefits strategists, we work hard every day to make sure we’re exceeding client expectations and providing the most innovative and value-generating plan designs and advisory services.
We save you more so you can do more:
Reinvest savings in employee development
Hire more employees
Increase salaries to retain top talent
Provide richer benefits
Reallocate to fund innovation
Invest in growing your organization
Increase your competitive strength
Increase profit margin
Stories of Savings
We have the expertise to save our clients more on medical costs than any other Indiana benefits advisory firm. Just look at the proof points in our case studies.
- January 20, 2022
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 …
- December 16, 2021
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.
- November 1, 2021
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
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.
- October 3, 2021
The client’s insurance provider would not release the detailed claims data and clinical case notes needed to help Apex negotiate the renewal. Therefore, competing stop loss carriers were comfortable with the risk profile only if able to “laser” one claimant …
- September 19, 2021
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
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 …
- August 31, 2021
A mid-sized company with diverse holdings in the food and entertainment sector with about 400 employees.
- July 18, 2021
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.
What is a Peer Review?
A peer review assesses specific opportunities within your existing plan to see if there are areas for improvement and innovative strategies that your current consultant may have simply failed to identify, or may not have the capability or expertise to deploy.
Having a peer review conducted does not require you to make a consultant change. It can, however, provide you and your employees and plan members 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.
What the peer review analyzes is:
- Your organization’s existing benefit program design
- Your recent financial, medical and pharmacy claims data
Peer reviews typically result in two types of findings:
- Areas of your current program that are performing well
- Potential opportunities to substantially reduce costs and/or improve the quality and risk profile of your program
- October 10, 2020
Our first priority at Apex Benefits is the health of our employer clients and their employees. Our team of experts has identified many near-term and long-term opportunities for companies to consider in order to generate cost savings or create greater …
- January 11, 2022
If your employees have ongoing prescriptions, here are some places for them to save money if they need to continue pharmacy prescriptions.
- April 24, 2020
Many companies are being faced with the tough choice of whether to furlough or lay off employees. What does an employee furlough really mean? And what are some other cost-saving measures you can put in place to avoid layoffs?
- April 7, 2020
Cost cutting strategies put into action now can help employers lessen future financial impact of COVID-19 on benefit plan costs.
- August 27, 2019
3 Tips to Share With Your Employees to Reduce Drug Costs By Jim Harenberg, CPBS, VP of Strategic Solutions While reviewing the results of our 2019 Indiana Employee Benefits Benchmarking Survey and talking one-on-one with clients, I have found that employers …
- August 1, 2019
Just 1.3 percent of people with healthcare coverage from their employers accounted for 20 percent of total health spending in three consecutive years (2015-2017), according to a new report by Kaiser Family Foundation. Because of the year over year …
- June 29, 2021
Jim Harenberg, Apex Benefits COO, discusses what 10-30% savings on pharmacy benefits means to your company in real dollars.