Increasing benefit plan value through outsourcing

Article Abstract:

Plan sponsors are advised to adopt a framework for dealing with the strategic opportunities offered by outsourcing and maintaining the quality of ongoing administration and employee interaction. Service providers, on the other hand, should coordinate with plan sponsors to guarantee that outsourcing meets their expectations. The framework will help forge a strategic alliance between a company and its outsourcing provider that will achieve the desired outcome.

Pension, health, and welfare funds, Employee Benefits & Services, Employee Benefits Management Svcs, Third Party Administration of Insurance and Pension Funds, Human resource management, Outsourcing, Employee benefits management services

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Supply and demand: negotiating the prescription drug labyrinth to reduce costs

Article Abstract:

Article presents employers with an approach to reducing the level of increase of prescription drug costs by managing both the demand and supply sides of the prescription drug equation. This approach involves both managing employee utilization and negotiating with vendors.

United States, Financial management, Management dynamics, Drugs Reimbursement Benefits, Finance, Prescription drug plans, Company business management, Company financing

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