Page 43 - Francis Parker School RFP (Stawicki)

Appendix 3: Five Year Strategic Plan

Strategic Action Plan - Year by Year
The following is a summary of the anticipated major focus of activities by goal and year for Francis
Parker School. As with any strategic plan, Francis Parker School and Burnham Benefits will assess
this document at least annually to ensure that goals are appropriately set and that we are compliant
with all state and federal requirements.

Francis Parker School’s Five-Year Strategic Plan

Summary of Activity - 2019-2025

Year One: 2019-2020

Year 1 features a thorough review on cost containment. We would explore ACO arrangements
(specifically the Blue Shield Trio and Cigna Select options), consider adding a deductible and HRA to
the HMO hospitalization benefit, review alternative funding (captives and self-funding), review trust
participation. We would also introduce a wellness plan, which would introduce a “Know Your
Numbers” campaign and a bi-monthly “Know Your Benefits” email campaign.

Cost Containment
Using Burnham’s proprietary software, powered by Claros, review expected utilization
based on group demographics to determine feasibility for self-funding and captive
participation
Conduct full scale vendor RFP analysis for all lines of health and welfare benefit, particularly
dental and life and disability as those lines have been in place for many years
Review which “bundled” vendor is the best balance of price, quality, benefits and network
coverage (bundling dental, life and disability with Anthem could yield a 2.5% savings off
medical rates)

Request rate guarantees for multi-year contracts with current carriers or change carriers to
recognize additional savings while securing rate guarantees for multi-year contracts
Analyze budget rates and employee contributions for level of appropriateness and steerage
with new claims dashboard
Compare Francis Parker School’s plan to other education industry employer plans (NPEAA)

Compare SmartBen to other benefits enrollment systems
Consider adding an HRA for in-patient hospitalization funding – Francis Parker would keep
the savings if utilization is lower than expected