Vendor Plan Management
Whether it be an insurance carrier, TPA, ASO, or PBM, who you select as your vendors can be just as important as your plan design. Not all vendors are created equal, so you need someone who is on your side in the selection process and not just selling you something.
It begins every day throughout the year and not just at renewal.
Having knowledge of where your rates should be and understanding carriers and having great relationships with them allows us to deliver on getting our customers the best possible rates.
What makes a vendor work for you? At Superior, when reviewing a vendor for our client we focus on the following:
Through a careful analysis of these features we present to you a full picture of the vendors you are working with, beyond the just the rates.
Does your plan work for you? A well run plan drives positive utilization for your employees, better serving them and cutting down on your bottom line. Do you incentivize generic utilization by lower the cost and increasing the member responsibility for brand prescriptions? Offer mail order for prescriptions? Offer lower copays for urgent care facilities v. emergency room? All of these are simple ways that your plan can save money.