LOWERING MEDICAL BENEFITS COSTS BY EFFECTIVELY MANAGING THE HEALTHCARE SUPPLY CHAIN
5 Convenient Resources for Finding Qualified Manufacturing Employees

5 Convenient Resources for Finding Qualified Manufacturing Employees

September 27, 2018

The National Association of Manufacturers and the Bureau of Labor Statistics have identified a need for several million qualified manufacturing...

Generate a Surplus From Your Benefits Expense; Re-allocate to Personnel and PP&E

Generate a Surplus From Your Benefits Expense; Re-allocate to Personnel and PP&E

September 24, 2018

Your benefits expense does not have to continue to grow at 10% or more each year. Once you take control of those costs that have been out of...

Manufacturers Now Offer More Robust Healthcare Benefits at Lower Costs

Manufacturers Now Offer More Robust Healthcare Benefits at Lower Costs

September 20, 2018

Manufacturers get healthcare benefits! The National Association of Manufacturers reports that 98% of its members provide healthcare plans for...

Customizable Benefits Help Manufacturers Win at Employee Recruiting and Retention

Customizable Benefits Help Manufacturers Win at Employee Recruiting and Retention

September 17, 2018

Stop if you’ve heard this one before: A manufacturing company walks into a health insurance benefits store, and by using technology and a...

Discover the #1 Way Manufacturers Can Improve Medical Benefits (In Their Employees' Eyes)

Discover the #1 Way Manufacturers Can Improve Medical Benefits (In Their Employees' Eyes)

September 13, 2018

What is the #1 way you can improve your employee’s medical benefits? By offering what your employees want, customized options and benefits that...

Wages and Benefits: What Manufacturing Employees Care About Most. Where Do You Rank?

Wages and Benefits: What Manufacturing Employees Care About Most. Where Do You Rank?

September 10, 2018

When is $0.25 earned worth more than $0.50 spent? This isn’t a riddle, but a real-life example of how employees evaluate wages and benefits...

Learn What Manufacturers Spend on Medical Insurance Benefits. Are You Competitive?

Learn What Manufacturers Spend on Medical Insurance Benefits. Are You Competitive?

September 5, 2018

A Look at the Numbers – National versus Regional Costs – How Do You Stack Up?

Benefits Expense is a Top 3 Line Item; Smart Manufacturers Manage the Healthcare Supply Chain

Benefits Expense is a Top 3 Line Item; Smart Manufacturers Manage the Healthcare Supply Chain

August 30, 2018

As a manufacturer, you likely have a procurement strategy for your raw material, overseen by a sourcing or supply chain manager who ensures...

The Rise of Healthcare Costs in Manufacturing: It’s Not IF You’re Losing Money, It’s How Much

The Rise of Healthcare Costs in Manufacturing: It’s Not IF You’re Losing Money, It’s How Much

August 27, 2018

Here’s a hard truth for most manufacturing firms. You’re not managing the supply chain when it comes to your employees’ benefits, which means...

How The Wrong Employee Benefit Strategy Could Cost Manufacturers 6x in a Merger or Acquisition

How The Wrong Employee Benefit Strategy Could Cost Manufacturers 6x in a Merger or Acquisition

August 23, 2018

As the CFO of a manufacturing firm, we don’t have to tell you that companies are buying and selling their businesses based on a multiple of...

Manufacturers: Manage Your Healthcare Supply Chain As Any Other Supply Chain

Manufacturers: Manage Your Healthcare Supply Chain As Any Other Supply Chain

August 20, 2018

Does it make sense to have a non-P&L manager in charge of a top-three business expense at your manufacturing firm? Most CFOs would say, “Of course...

Smart Manufacturers Are Changing Their Healthcare Purchasing Philosophy

Smart Manufacturers Are Changing Their Healthcare Purchasing Philosophy

August 16, 2018

When it comes to improving the performance of your manufacturing firm’s health plan, it’s not what you buy, but rather how you buy it. Are you...

Top Manufacturing Companies View Benefit Plan Performance as Growth Driver

Top Manufacturing Companies View Benefit Plan Performance as Growth Driver

August 13, 2018

Employee benefits are a top-three line item for most companies, but many employers have given up on this category of expense. Accepting defeat,...

Does Free Cash Flow Come To Mind When Thinking of Your Insurance Adviser?

Does Free Cash Flow Come To Mind When Thinking of Your Insurance Adviser?

August 7, 2018

Most business owners do not look at insurance professionals as being able to help their business grow and produce free cash flow in the process....

Learn How Manufacturers Reduce Healthcare Costs by Offering a ‘Free’ Option

Learn How Manufacturers Reduce Healthcare Costs by Offering a ‘Free’ Option

July 31, 2018

If you had a group of employees traveling on a business trip and you told them they’d only need to pay a $100 contribution toward the hotel room,...

A Health Insurance Strategy of Charging Your Employees More is Not a Strategy

A Health Insurance Strategy of Charging Your Employees More is Not a Strategy

July 23, 2018

Here’s a familiar conversation. A manufacturer says, "We need to keep our costs down." Their broker responds, "No problem, we can do that. Let's...

Health Insurance

Health Insurance "Trend" Is Not Why Your Manufacturing Firm’s Annual Benefit Premiums Increase

July 16, 2018

When informing manufacturing clients of yet another annual premium increase, brokers will commonly reference industry “trend,” or the average...

Manufacturers Can Now Switch to Insurance Advisers Who Offer More Services WITHOUT Paying More!

Manufacturers Can Now Switch to Insurance Advisers Who Offer More Services WITHOUT Paying More!

July 13, 2018

There's an easy way for you to switch to insurance advisers who offer more services without paying more. Contact your current insurance company...

Competing For Qualified Workers: Does Your Manufacturing Firm’s Benefit Plan Help or Hurt

Competing For Qualified Workers: Does Your Manufacturing Firm’s Benefit Plan Help or Hurt

July 11, 2018

We get asked this question all the time: “What’s everyone else doing?”

Benefits Cost-Savings are Within Reach for Manufacturers Who Understand These Four Healthcare Supply Chain Verticals

Benefits Cost-Savings are Within Reach for Manufacturers Who Understand These Four Healthcare Supply Chain Verticals

July 9, 2018

When we ask manufacturers what they’re doing to control the 80% of their health insurance costs that are coming from four key areas in the...