The Roundup | August 2024
Roundstone
We help small to midsize companies confidently self-insure through our group captive & provide better health benefits.
As we prepare to move into our new corporate headquarters next month, I can’t help but marvel at how Roundstone and Bywater have grown from 40 to 165 employees in just 6 years. I’m just as thrilled about our high-speed evolution as I am about the employers we’ve served to get here. Along with our partner advisors, we’ve worked together to provide truly innovative, customer-centric solutions to meet employees’ healthcare benefits needs in a market that seems to become more challenging every day.
And we’re not slowing down. There’s never been a time when our captive solutions have been more relevant for you and your employees. In traditional, fully funded scenarios, employer healthcare benefits costs continue to rise, employee healthcare expenses continue to grow, retention and recruiting are threatened, and, most importantly, quality of care is endangered. As an employer, you know how difficult this is to manage year over year.
As you begin to think about benefits renewal, let’s work together to contain the cost of benefits and maintain the quality your employees deserve.
I’m looking forward to our partnership.
-- Michael Schroeder , Founder & President, Roundstone
In the news
Industry Trend: Cost of Healthcare Continues to Rise
According to the Society for Human Resource Management (SHRM), the cost of medical care benefits continues to rise anywhere from 8 – 11% year over year. And the future looks just as daunting, with 58% of insurers anticipating higher increases over the next 3 years. At the same time, most CFOs surveyed believe their organization’s healthcare costs can’t rise at a higher pace than general inflation in order to be sustainable over the next 3 -5 years. Does the situation seem impossible?
Here’s the good news: It’s not impossible, and Roundstone’s captive can help.
领英推荐
From our Blog
Top 5 Hidden Fees Associated with Traditional, Fully Funded Healthcare Benefits Solutions
Did you know that one of the nation’s largest insurance companies earned about $1 billion in fees from out-of-network programs,?according to the New York Times? Likewise, UnitedHealthcare charged New England Motor Freight, a New Jersey trucking company, $50,650 for processing a single hospital bill.
The hidden costs charged by network providers, insurance brokers, Third Party Administrators (TPAs), and Pharmacy Benefits Managers (PBMs) typify a frustrating (and often tragic) manipulation of our healthcare system.
Like a trick game of three-card monte, it’s easy to be taken advantage of – until you change how the game is played. Roundstone can recommend solution providers that minimize these fees. Our Cost Savings Investigations team, provided as a unique benefit when working with Roundstone, will partner with your advisor to deliver cost savings solutions that can be implemented with your company’s self-funded health plan.
From our Blog
Roundstone's $12.4 Million, Industry Leading Cash Distribution
Speaking of cost containment, we’ve recently announced a $12.4 million cash distribution to our medical captive participants. While Roundstone is no longer the only provider of self-funded healthcare benefits solutions, we’re still the best choice, continuing to lead the industry in terms of cash distribution and customer support.
In the words of our founder and president, Mike Schroeder, “At Roundstone, we focus on delivering high-quality, affordable healthcare to employers and their teams. Our alignment with our customers’ best interests isn’t just a strategy – it’s our guiding principle.”
Ready to get started with Roundstone? Contact us today!
Copyright ? 2024?Roundstone Insurance, All rights reserved.