Page 7 - IBA Demo

SCealsfe-SFtudyn2d- eSedlf-FtuondIeBd Ato ISBAeSlefl-f-Fundned ed(12(/1125/1S5toSpto-Lpo-ssLoCsosntCraocnt)tract)
Percentage of Savings
Summary
CURRENT TPA RENEWAL RATES
$2,780,000
IBA SELF-FUNDED YEAR 1
$2,385,240
TOTAL ANNUAL SAVINGS
$394,760
AVERAGE EMPLOYEE COUNT
285
$2,900,000 $2,800,000 $2,700,000 $2,600,000 $2,500,000 $2,400,000 $2,300,000 $2,200,000 $2,100,000
86%
14%
• Placed client with IBA proprietary stop loss solution thus reducing clients xed insurance cost
• Performed multiple billing and claim audits to target fraud and egregious provider charges
• Introduced Pharmacy Bene t Manager options with multiple RX cost saving solution
• Moved client to a Premier PPO network with greater provider access & the most aggressive claim discounts available
• Allowed client to access direct provider contracts based on their location
• Carved out high price procedures to pay at a % of Medicare
CURRENT TPA RENEWAL RATES IBA SELF-FUNDED YEAR 1
Year 1
Year 2
Year 3
Total
Current TPA
increased by 12% (assumed rate increase)
$2,780,000
$3,085,800
$3,425,238
Self-Funded with IBA
$2,385,240
$2,599,912
$2,833,904
Savings to Client and Employees
$394,760
$485,888
$591,334
$1,471,982
7
CASE STUDY