Risk Financing

Managing risk means taking appropriate measures to minimize future costs. In the areas of quality and safety, for instance, many organizations steer clear of expensive misfortune by adhering to strictly defined risk management procedures.

Yet when it comes to a company's biggest liability -- human capital -- most employers fall flat.

In the world of healthcare management, serious illness and injury may often be avoided with the adoption of solid risk management policies.

BIM can engineer such policies for your company to help detect, and often prevent, costly claims expenditures. We do this by locating alternative treatments and designing consistent screening programs like annual employee physicals and blood tests.

Lower costs by helping your employees become more proactive about their own health and well-being.

Funding Alternatives

With the emerging growth in defined contribution benefits, employers have a larger array of funding choices. BIM will help determine which path is right for your company and guide you through the design and implementation process.

Options:

• Fully insured: employer transfers risk to carrier
• Self-funded: employer assumes risk and develops reinsurance arrangements to insure employees.
• Partial self-funding: employers offer set dollar amounts as benefit, then employees select from a menu of options
• Patient driven health plans.
• Healthcare reimbursement plans.