Our Four Step Business Process:
The cornerstone of our consulting model is the development and execution of a multi-year benefits strategy. The primary focus of your account team will be to assist you in maximizing the value of your benefit plans and healthcare spend in support of your business strategy.
The four-step business process Cleary Benefits Group brings to our clients is one of the most disciplined and effective approaches in the industry. The structure and consistency it brings to your planning cycle will render a more comprehensive strategic plan and boost your results each year. The success of our business model hinges on our ability to become an extension of your team.
Step 1: Discover – We conduct an intensive information gathering of your open enrollment results, demographics analysis combined with your year-end financial results. Together we review and create your goals for the upcoming year.
Step 2: Develop – Your customized multi-year strategy is comprised of a variety of data sources. A few of the items that we take into consideration are current market trends, your historical perspective of corporate changes, demographic trends and full financial review of costs and utilization drivers. Together we have created a “roadmap” for the next 36 months and a high-level overview for the next 60.
Step 3: Deliver – Cleary Benefits Group delivers by negotiating contracts, preparation and execution of RFPs, ongoing communication support and implementation of any changes. We also prepare your Health & Welfare budget including underwriting, rate and employee contribution development, COBRA and imputed income and retiree rates.
Step 4: Review – In the final step we review the current year while preparing for the next. We provide open enrollment support, develop preliminary initiatives for the upcoming year and preparation for year-end financials along with an IBNR analysis.