Alternative Funding and Innovative Pricing

Thursday, November 02, 2017 7:30 AM
SHRM Credits and HRCI Pending
Speaker(s): Elizabeth Patterson


Alternative Funding and Innovative Pricing
Thursday, October 5, 2017

Our presentation will shed light on when an alternate funding mechanism should be considered for a medical program.  We will review cash flow considerations, how total cost is developed, maximum liability, minimum liability, how the plan behaves when there is a deficit and what is different between fully insured pricing vs. alternative funding. While implanting changes can often be unsettling, with the right information and preparation, it doesnít have to be. Understanding the various alternative funding mechanisms and implementing the right one for your group may be the best ways to avoid or mitigate substantial benefit cost increases.

NFP has a detailed understanding of all available financial funding arrangements. Using various case studies, we will identify the scenarios in which is makes sense to move to an alternative funding arrangement. We will describe how one of the most commonly used funding mechanisms, a fully insured plan, is underwritten and funded and explain how this is like and/or different from alternatives. We will also highlight the pros and cons of various alternative funding strategies.

 

SPEAKER-Elizabeth Patterson is a Managing Consultant for NFP with over 20 years of experience in the employee benefits industry. Elizabeth is a skilled project manager who assists in the resolution of budget concerns, administrative challenges and employee issues, ensuring results are consistent with each clientís strategic goals and culture. Elizabeth is also a key member of NFPís management team with oversight of the firmís compliance and communications departments as well as the firmís consulting practice. She joined NFP in January, 1999. Elizabeth is an avid golfer and an active speaker for the Career Services department at Arcadia University, PEBA and SHRM. Recently, Elizabeth spoke at the Long Term Care Industry Annual Roundtable regarding the topic of Health Care Reform. Elizabeth earned a Masters in English from Arcadia University (formerly Beaver College). 


 
Both GVFHRA Members and Non-Members are invited to this event.

  
Online Payment Pricing
GVFHRA members $30.00
Non Members $40.00
Student Pricing $20.00

Reserve Only Pricing
GVFHRA members $35.00
Non Members $45.00

Location
Crowne Plaza
King of Prussia PA 19406
Door to door directions






GVFHRA | 2119 County Line Road | Villanova, PA 19085-1733 | Phone: 610-551-4736 | Fax: 610-525-2187 | gvfhra@aol.com