42 Employees | Healthcare Industry | Ohio Headquarters
The Challenge
We recently partnered with a healthcare company in Ohio with 42 full-time employees who had been working with their current PEO company for just over four years. Despite having low medical claims utilization, they faced consistent double-digit increases on their medical premiums. Additionally, they were dissatisfied with their PEO’s poor customer service which often left issues unresolved. The company also wanted better 401k options and a more responsive customer service experience.
Our Solution
We collaborated closely with the company’s leadership to address their specific challenges, focusing on both cost savings, as well as customer service. Here’s how we helped:
- Negotiated Lower Medical Premiums
Keeping almost identical medical benefits, we successfully negotiated lower premiums with a new PEO partner, addressing the rising costs issue. - Transparent Pricing & Insurance Savings
We provided our client transparent pricing options across multiple PEOs, allowing the company to choose the best fit. This saved them over $93,000 in insurance costs alone. - Reduced Admin Fees
By sourcing a PEO that aligns more closely with their needs, we were able to cut admin fees, saving them an additional $15,000. - Enhanced 401k Options
We identified opportunities for better 401k plans that offered more flexibility and value for their employees.
The Result
By finding the correct PEO partner, we helped the our client achieve total savings of over $108,000. Beyond the financial benefits, the enhanced customer service, and the transition to a dedicated support team, dramatically enhanced their operational efficiency and employee experience.
Conclusion
At Cleveland Benefit Partners, we take pride in helping our clients streamline operations and achieve substantial cost savings. Contact us today to see how we can help your business too!
