Multi-Year Strategic Planning and Benefits Management

Strategic Planning

A well-executed strategic plan is crucial to the value and success of your company’s benefits program. Escalating healthcare costs and the rapidly changing regulatory and legislative landscapes can easily derail a benefits program from its financial and organizational objectives, unless a solid benefits strategy is in place. Charon Planning partners with you to develop a multi-year strategic plan that:

• Creates an organizational vision to meet the goals of your executive team
• Establishes short-term and long-term goals for all benefit offerings
• Prioritizes your benefit budget dollars
• Identifies plan design issues and cost drivers
• Manages your company’s benefit costs through a proactive approach.

Benefits Management

Charon Planning’s proprietary Year One Consulting^SM and 365 Benefit Management^SM processes support your multi-year strategies through a systematic and proactive method of benefit program management. We work to continually identify the cost drivers of your plans, and work to mitigate them through plan design, financial strategies, employee education and communication. Our methodical and detailed benefits management processes ensure that your plans are aligned with your corporate goals, and that you, your executive team and your employees are continually satisfied with the value and quality of your benefits.

Multi-Year Benefit Cost Control Strategy

Charon Planning’s services include a multi-year benefit cost control strategy. This program identifies cost driver, and looks to implement structural and behavioral changes to lower your plan utilization. The program works in three steps:

• Claim Utilization Analysis – We will analyze your plan claims and utilization reports to identify two main areas of concern:
  • What employee utilization patterns are driving costs?
  • What preventable illnesses and health concerns are predominant in your organization?


• Targeted Education & Communication Strategy – We will design a custom education and communication campaign dedicated to effecting behavioral changes in your employees, from preventative health to educated healthcare consumption.


• Evidence-Based Plan Design Recommendations – We will ensure that your plan designs properly incentive cost conscious usage of your plan, while encouraging employees to take the proper preventative care.
  

Increased Consumerism and Wellness – Our systematic approach can help to impact employee behavior with respect to wellness and consumerism. By doing so, we can shift the delivery model of your plan from reactive care (e.g., unnecessary emergency room visits, high-cost disease treatment, etc.) to preventive care (e.g., routine doctor visits, low-cost disease management, treatment/avoidance of issues through lifestyle, etc.).