- Analyze utilization patterns, impact on cost and design, and market trends.
- Develop a detailed strategy document, comprised of:
- An in-depth review of current market overview, identifying general trends, financial impact of market pressures, and legislative update
- A historical perspective of client activities, including recent developments, corporate changes, and brief review of pertinent demographic trends
- A financial review, including 2 – 3 year trends, budget versus actual results, utilization drivers, etc
- A benchmarking study incorporating relevant data based on geography of employee base, products offered, carriers, and industry
- A multi-year focus, including a very detailed strategy for the upcoming 12 months, a “roadmap” for the next 36 months, and high level overview for the next 60 months
- Meeting(s) with the HR team to finalize strategic direction
- Meeting(s) with key stakeholders to secure strategy buy-in
- Finalize appropriate timelines for strategy implementation and ongoing execution
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