Our experienced team performs a detailed analysis of all parties’ existing plans to identify common elements and differences. Then we benchmark these elements against industry standards to help inform decisions that lead to a harmonized plan that is both cost-effective and competitive. Throughout the process, we help you understand and assess the potential impact of various plan alternatives from both a financial and an employee satisfaction perspective.
Benefits Harmonization Services
Mergers and acquisitions are on the rise, as for-profit and non-profit organizations seek greater efficiencies. Human resource professionals tasked with merging benefits programs face the monumental challenge of harmonizing plans to optimize cost and quality, while making sure none of the multitude of details falls through the cracks. Cammack Health can help ensure a smooth and successful “benefits merger.”
We have extensive experience helping organizations in diverse industries, including healthcare, meet the complex challenge of benefits harmonization. Our experienced team anticipates the issues that arise with benefits mergers, helping you understand the potential impact of changes so you can make the right choices for your organization. We facilitate compliance with all legal and regulatory requirements, fostering employee acceptance with clear communications. Our expertise and support help you navigate this stressful process with confidence, while you take the credit for success.Plan Analysis and Benchmarking
Harmonizing benefits plans often involves multiple vendors, complicating the selection process. We simplify this process, leveraging our years of experience to develop RFPs that align with your objectives and analyze responses to help you select the right vendors for your plan. Our industry relationships and negotiation expertise can help achieve advantageous pricing on vendor contracts.
Once the harmonized plan is developed, we help bring it all together, integrating programs, processes and systems into a unified solution. We take a comprehensive approach that encompasses everything from regulatory compliance to harmonized systems for tracking benefits. Based on a detailed understanding of both organizations’ pre-merger benefits infrastructures, we help you migrate to your new, unified plan with minimal disruption. Our years of experience enable us to keep track of all the details, including required filings, to help ensure a smooth transition.
Communicating the harmonized plan to both employees and HR staffs is critical to a successful transition. Our team of benefits experts and professional designers and writers produce best-in-class communications that explain the new benefits program in simple, easy-to-understand language that is responsive to employees’ concerns. We also provide customized training for HR professionals, equipping them to address employee questions or concerns, helping achieve high satisfaction.
Following transition to the harmonized plan, Cammack Health can provide ongoing health and welfare consulting and vendor management to ensure benefits continue to meet your organization’s evolving needs. Learn more about our Employee Benefits Services.