“I had heard that the MINDFUL Methodology™ was worth it but this was beyond my expectations.”
– Matt Rogina, CEO
Vocational Improvement Program
Vocational Improvement Program saves $148k via the MINDFUL METHODOLOGY™
CHALLENGES
As part of our Wholistic Mindful Analysis, we uncovered these three main challenges:
Multiple medical and dental carriers – this resulted in a large number of invoices which was extremely difficult to manage.
Continuous yearly increases in medical and dental premiums.
A fragmented paper-driven onboarding for new employees.
RESULTS
Using our MINDFUL Methodology™, we increased the company’s reserves by $148k per year, implemented an onboarding software and consolidated the billing.
We created a partially self-funded medical plan for VIP. We also created a fully self-insured dental plan. These plans increased the employee’s medical plan benefits, stabilized medical premiums and gave the employer control of its medical services. We also created a Mindful Reserve of $148K to be used at the employer’s discretion.
We implemented a benefit onboarding software which resulted in the streamlining of all employee benefit elections. This resulted in an overall reduction of administrative time, paper and notifications sent to the insurance carriers.
We were able to provide one consolidated monthly bill for all employee benefits which eliminated the reconciliation and fragmented billing and invoicing.