AREAS OF EXPERTISE

Medical Services: Medical Services

Companies provide medical services such as health care benefits to employees as part of an overall compensation package, yet as health care costs escalate and health care spending increases, employees may find themselves paying more for their company health insurance. Employer-sponsored insurance coverage for employees is known as group health insurance, and health insurance options — plans and pricing — vary by provider. Are there reasonably-priced health insurance options for smaller businesses, or other choices for low cost medical insurance? Given the number of available providers offering health insurance services, it probably isn’t practical for an organisation to dedicate a significant amount of time or resources to managing suppliers in this cost category. By reviewing a company’s health insurance costs — and supplier markets — Expense Reduction Analysts consultants help businesses determine if there are additional cost-savings opportunities. Recommendations on how to lower healthcare costs can lead to additional cash flow.

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