We believe our clients’ financial security and business continuity deserve the utmost dedication, advice, and personal attention from a reliable partner. As your trusted advisor, we will protect you from the unexpected and plan for the unpredictable.
RISK MITIGATION
REVIEW OF COSTS AND UTILIZATION
Taking a deep dive into utilization by setting, diagnosis, and procedure to determine trends.
NETWORK ANALYSIS
Used to ensure maximum discounts and broad access.
PRESCRIPTION ANALYSIS
Making sure the right pharmacy benefit manager is chose to drive the lowest net cost pharmacy claims
PLAN BENCHMARKING AND MODELING
Understanding the financial impact of any plan changes being considered.
BUDGETING AND FORCASTING
Making sure the right pharmacy benefit manager is chose to drive the lowest net cost pharmacy claims
We use a variety of tools to expose any potential risks
- Budget Monitoring – monthly review of the plan to evaluate how it is running against budget leaving no surprises.
- Claim Forecasting – utilized to know exactly where the plan costs are trending to allow for proactive plan management.
- Contribution Modeling – to ensure the appropriate cost sharing between you and your employees.
- Forensic Contract Audit – evaluate the inclusion of any value-based benefit plan designs in the administrator contract and either maximize their potential or remove them from the contract.
- IBNR Calculator – utilized to correctly attribute liability on financial reports.
- Informational & COBRA Rate Development – to have legally defensible rates in place to satisfy COBRA requirements and ease internal cost allocations.
- Network Analysis – allows us to monitor changes in the provider reimbursement contracts with the various available administrators; ensuring the right logo is on your card to benefit both the plan and its employees. Seeks to maximize carrier discount arrangements.
- Plan Design Modeling – to completely understand the financial impact of any plan changes you are considering
- Workforce Evaluation – to understand your workforce needs based on their tenure, income, gender, and generation.
CLIENT'S TALK
Shepherd Insurance has been a terrific partner to us at Plymate, in handling our employee benefits and 401k plan. They go above and beyond in helping us and our employees. They are fantastic to work with and we would recommend them to anyone looking for a new insurance provider/broker!
Katie Rowland
Plymate, INC. - HR Manager
Our agents at Shepherd Insurance truly work for us! They are consistently assisting with getting us the best rates, keeping us compliant and ensuring we are offering competitive products to our employees. Those at Shepherd truly do have our company’s best interest in mind.
Brittany Siegler
The Peterson Company, LLC - Operations Coordinator
WE'RE HERE FOR YOU
We’d love to hear from you. If you need assistance, have questions about our group of Shepherd partner companies or are simply looking for more information, we’re eager to help.
GET IN TOUCH
Please fill out the form below and one of our team members will be in touch to provide the assistance you need.
FIND US
Headquartered in Carmel, Indiana, with offices throughout the country, we are here to assist you with all of your insurance, benefits and financial needs.
111 Congressional Blvd Suite 100
Carmel, IN
46032-5638
1.800.846.0204
