Page 41 - Francis Parker School RFP (Stawicki)

Appendix 3: Five Year Strategic Plan

3. Realign plan designs
4. Review contribution strategy

5. Analyze alternatively funded plans versus fully-insured funding – assess feasibility of
the National Private Educators & Affiliates Association (NPEAA) trust and the Pareto
Education Sector Captive

6. Explore implementing a Health Reimbursement Account (HRA) for hospitalization
funding
C. Claims Analytics and Forecasting

1. Introduce a benchmarking and budgeting dashboard
a. Expected claims based on demographics
2. Wellness Program claim analytics to benchmark potential return on investment
(ROI)
3. National and regional benchmarking for education industry for mid-market
employers

D. Compliance and Risk Management
1. Perform compliance audit on the existing benefits program to ensure federal and
state compliance (including health care reform)
2. Review current HIPAA privacy and security applications to benefits program and
make any necessary modifications
3. Manage Health Care Reform (HCR) compliance

4. Conduct working spouse rule audit

Wellness/Well-being
Investing in employees’ health and well-being is an extension of a commitment to our culture. Our
wellness programs promote health awareness, education and personal accountability. Francis
Parker School will develop the current wellness initiatives and stratification with the implementation
of a proven third-party wellness vendor.

Objectives:
A. Launch next stage of Francis Parker’s Wellness Program
1. Conduct an environmental assessment
2. Secure funding from carriers
3. Develop a wellness committee
B. Introduce Claim analytics to measure current data to past claims for
measurable and quantified results.
C. Launch next stage of Francis Parker’s Wellness Program
D. Engage 70%+ of the workforce in a “Know Your (biometric) Numbers”
campaign
E. Introduce educational programs to enhance employee and dependent
wellbeing, such as long-term care and voluntary benefits such as Critical Illness
and Accident plans.
F. Develop proper budgeting for program maintenance