Best Practices: Medical Consolidation
Like other U.S. companies, Ceridian is not immune from rising health care costs. Faced with a common business problem, we used our knowledge of business process improvement techniques and industry best practices to examine our medical benefit and improve it, reducing our costs while continuing to provide our employees with a competitive solution.The Bottom Line
- Ceridian reduced medical plan costs by $3.6 million over one year (2007 to 2008)
- The new medical plan created a strategic structure that continues to control costs
- While health care costs are rising, Ceridian's medical benefit costs remain flat
- Employees were transitioned from copay to coinsurance (a more consumer-aware benefit)
- Ceridian's plan is competitive; 90 percent of employers Ceridian's size and in Ceridian's industry offer a comparably designed benefit
Better management of employee medical plans: A Ceridian best practices case study
bp_medconsolidation_e08346-000.pdf (1.088 Mb)
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