Page 28 - Healthcare PE Pitchbook 34210
P. 28
Success story 02
EMPLOYEE BENEFITS PROPERTY AND CASUALTY
Objectives Opportunity Outcome Objectives Opportunity Outcome
• Empowering the • Reallocate health • $306,362 reduction • Empowering the • Market professional • $302,078 reduction
client’s team to be plan pricing to align in medical/Rx client’s team to be liability coverage in professional
more proactive. with plan actuarial administration more proactive. utilizing best-in- liability costs
• Leveraging values. costs (-43%). • Leveraging class submission (-23%).
Lockton’s market • Renegotiate current • Redesigned Lockton’s market methodology. • 300+ certiicates
clout. Rx/PBM contract. employee clout. • Relieve signiicant issued in less than
• Improving thought • Remarket current communication • Improving thought administrative 24 hours.
leadership, broker stop-loss coverage. content. leadership, broker burden by • Enhanced contract
insight, and identify • Rebrand employee • $1.09M savings insight, and identify onboarding the terms and
critical cost drivers. communication in net healthcare critical cost drivers. provider certiicate conditions at no
• Increasing strategy. spend year-over- • Increasing process. additional cost.
employee morale year (-21%). employee morale • Consolidate • Favorable renewal
and protection. • Introduced total and protection. fragmented negotiated on
rewards strategy. program structure. professional liability
• Establish client despite prior years
story to navigate loss development at
around inal hour $4.5 million.
$1.8M new claim
development.
Lockton Private Equity/Healthcare pitchbook 28 Lockton Companies
EMPLOYEE BENEFITS PROPERTY AND CASUALTY
Objectives Opportunity Outcome Objectives Opportunity Outcome
• Empowering the • Reallocate health • $306,362 reduction • Empowering the • Market professional • $302,078 reduction
client’s team to be plan pricing to align in medical/Rx client’s team to be liability coverage in professional
more proactive. with plan actuarial administration more proactive. utilizing best-in- liability costs
• Leveraging values. costs (-43%). • Leveraging class submission (-23%).
Lockton’s market • Renegotiate current • Redesigned Lockton’s market methodology. • 300+ certiicates
clout. Rx/PBM contract. employee clout. • Relieve signiicant issued in less than
• Improving thought • Remarket current communication • Improving thought administrative 24 hours.
leadership, broker stop-loss coverage. content. leadership, broker burden by • Enhanced contract
insight, and identify • Rebrand employee • $1.09M savings insight, and identify onboarding the terms and
critical cost drivers. communication in net healthcare critical cost drivers. provider certiicate conditions at no
• Increasing strategy. spend year-over- • Increasing process. additional cost.
employee morale year (-21%). employee morale • Consolidate • Favorable renewal
and protection. • Introduced total and protection. fragmented negotiated on
rewards strategy. program structure. professional liability
• Establish client despite prior years
story to navigate loss development at
around inal hour $4.5 million.
$1.8M new claim
development.
Lockton Private Equity/Healthcare pitchbook 28 Lockton Companies
