“Using our unique model, health centers can bulk purchase their health insurance, limit the risk and increase overall predictability thus, lowering costs”
Burlington, Massachuetts (PRWEB) March 16, 2016
Axial Benefits Group, a national employee benefits firm based in Massachusetts, has officially partnered with the National Association of Community Health Centers (NACHC) business development affiliate, Community Health Ventures (CHV), to pilot a new Value in Benefits (ViB) Program.
Through the ViB program, community health centers will have the ability to purchase health insurance benefits through a group purchasing coalition designed by Axial. The coalition was developed to enable Health Centers to essentially band together, using their collective size to buy health insurance together, to mimic the predictability and bulk buying power of larger single companies.
“Using our unique model, health centers can bulk purchase their health insurance, limit the risk and increase overall predictability thus, lowering costs,” said Mick Rodgers, Axial’s Managing Partner and driving force behind the newly formed relationship. He added, “It comes down to a simple strength in numbers concept – one in which we’ve worked with successfully for various clients and purchasing coalitions since 2009.”
Danny Hawkins, Senior Vice President of Community Health Ventures added, “Since I joined CHV in 2001, I’ve heard many health center leaders express their desire that we develop a program – using this same principle – to help lower cost in providing employee benefits. Today, I’m excited to announce our efforts to do just that!”
CHV plans on rolling out more information on this alliance in mid-March at NACHC’s Policy and Issues Forum in Washington, DC. In the interim, those Health Centers that are looking for more information can visit http://www.axialco.com/nachc or email mrodgers(at)axialbg(dot)com.
About the Partners:
Axial Benefits Group
The Axial Benefits Group is part of the Axial Company, a privately-held, independent financial services firm specializing in corporate employee benefits, wealth management, and insurance. Their integrated approach to serving the needs of their clients on a wide array of business and personal matters enables our clients to seamlessly interact with us across all divisions; Axial Benefits Group, Axial Financial Group, and AxialFoy Insurance.
For more information, please visit http://www.axialco.com
About Axial’s Healthcare Purchasing Coalitions
Smaller and midsize companies experience insurance risks which are less predictable than risks large organizations face. Through Axial’s Healthcare Coalition, NACHC members are able to join with other like-minded health centers to create a pool of employees large enough to mimic the predictability of a large employer. While individual centers purchase each health care component based on their own needs, there is safety in numbers when part of a larger group.
For more information regarding Axial or Axial’s Healthcare Purchasing Coalition for NACHC, please visit: http://www.axialco.com/nachc
National Association of Community Health Centers (NACHC)
Founded in 1970, the National Association of Community Health Centers (NACHC) is a non-profit organization whose mission is to enhance and expand access to quality, community-responsive health care for America's medically underserved and uninsured. NACHC represents the nation's network of over 1,250 Federally Qualified Health Centers (FQHCs), which serve over 24 million people through over 9,000 sites located in all of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Guam.
For more information, please visit http://www.nachc.org
Community Health Ventures, Inc. (CHV)
CHV is the business development affiliate of the National Association of Community Health Centers. Founded in 2000, CHV was created under the direction of health center leadership and tasked with creating solutions to the tremendous economic pressures facing today’s health centers. By negotiating group purchasing agreements that achieve better pricing, service, and contractual terms for the products and services health centers use on a daily basis, CHV helps health centers reduce costs and remain competitive.
For more information visit: [http://www.communityhealthventures.com