Factors Hurting Growth
Attention Companies: Is your insurance broker’s compensation aligned with your success?
Your insurance broker’s compensation may influence the type and amount of service they provide when designing the “best” benefits package for your company, relative to cost. How your broker is paid (i.e. commissions, fee-for-service, fee-for-performance) often factor significantly in the plan recommendation.
Learn the various compensation models you can use to align your insurance broker’s compensation with your organizational goals and take back control of a top three expense that is hindering your company’s ability to grow.
How The Wrong Employee Benefit Strategy Could Cost Your Company 10x in a Merger or Acquisition
Most insurance brokers who work with companies’ during mergers and acquisitions space don’t take a sophisticated look at employee benefit strategy during a potential transaction. They focus on the acquisition cost of the coverage and consider a reduction in that cost a strategic win when it’s nothing more than gaining a one time leverage of increased employee count.
Understanding the lost revenue buried in the 80% of health insurance expenses that are variable can give you the ultimate advantage whether you are selling your business or acquiring another. Many companies in our area are valued at 10X their past year’s EBITDA. This means if you reduce $100k in insurance expenses, you’ve raised your company’s value by $1,000,000.
The Rise of Healthcare Costs in Business. It’s Not Whether You’re Losing Money, It’s How Much You’re Losing
The uncontrollable and unsustainable rise of healthcare costs is a major factor hurting companies. If insurance was the source of this problem, we could fix it with insurance. We’re telling you that insurance is neither the problem and nor the solution.
Here’s the ugly truth for most companies: You’re not managing the supply chain when it comes to your employees’ benefits, which means you’re losing money. Learn how to take control of 80% of your healthcare costs by managing variable expenses.