TPA Shares How Two Next-Generation Benefit Solutions Saved an Employer Upwards of $2 Million and Led to Healthy Outcomes
Appleton, WI (PRWEB) July 27, 2017 -- Focused on providing employer-clients with health benefit options that combine cost control and high-quality care, Cypress Benefit Administrators has shared a success story that highlights two of these next-generation solutions in action.
The third party administrator (TPA) has been administering a self-funded health plan on behalf of an architectural/engineering consulting firm* for the last 15 years. This employer-client recently added organ transplant carve-out insurance and a cancer care management program to its plan, and is already seeing some significant results after implementation.
With the organ transplant insurance addition, the consulting firm will save upwards of $2 million on health claim costs related to two cases involving bone marrow and pancreas transplants. The carve-out insurance has covered all costs related to the transplant procedures to date and also ensured that the plan participants requiring them received top-notch care.
“Without the appropriate coverage in place, something as unexpected as the cost of a transplant can be devastating to a company,” said Tom Doney, president and CEO of Cypress. “Having this carve-out insurance made a huge difference for our client in terms of savings, and also gave both patients the opportunity to receive exceptional care at renowned facilities.”
In addition to the $2 million worth of services covered for the two organ transplants, the architectural firm also implemented a cancer care management program through Cypress that is proving to be successful.
A plan participant was diagnosed with cancer after the program was integrated into the firm’s health plan late last year. The employee was then connected with a cancer care team that recommended a new, proton beam therapy based on the particular diagnosis. The program covered this advanced treatment and the employee is now cancer-free.
“These organ transplant and cancer care programs are great examples of the forward-thinking approach Cypress is taking with health plans today,” Doney said. “The savings are one way to measure a program’s success, but nothing can quite compare to seeing someone receive a clean bill of health.”
*Company identity withheld for patient privacy purposes.
About Cypress Benefit Administrators
A privately held company headquartered in Appleton, Wis., Cypress Benefit Administrators has been pioneering the way toward cost containment in self-funded health benefits since 2000. The third party administrator (TPA) is the country’s first to bring claims administration, consumer driven health plans and proven cost control measures together into one package for companies ranging from 50 employees to thousands of employees. It serves employer-clients across the U.S. with additional locations in Portland, Ore., Omaha, Neb. and Denver, Col. For more information on Cypress and its customized employee benefits, visit http://www.cypressbenefit.com.
Dave Willems, Willems Marketing & Events, +1 920.750.5013, [email protected]
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